Dorian LPG Ltd (LPG) stock price forecast predicts $38.5 value

A share price of Dorian LPG Ltd [LPG] is currently trading at $41.43, up 4.86%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The LPG shares have gain 8.17% over the last week, with a monthly amount glided 0.04%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Dorian LPG Ltd [NYSE: LPG] stock has seen the most recent analyst activity on July 03, 2024, when DNB Markets upgraded its rating to a Buy but kept the price target unchanged to $52 for it. Previously, DNB Markets downgraded its rating to Hold on January 26, 2024. On November 20, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $50 on the stock. Pareto upgraded its rating to a Buy and increased its price target to $35 on October 16, 2023. Jefferies downgraded its rating to a Hold but $30 remained the price target by the analyst firm on August 03, 2023. DNB Markets downgraded its rating to Hold for this stock on July 10, 2023, but kept the price target unchanged to $26.90. In a note dated May 25, 2023, Evercore ISI upgraded an Outperform rating on this stock and boosted its target price from $25 to $32.

Dorian LPG Ltd experienced fluctuations in its stock price throughout the past year between $21.68 and $50.37. Currently, Wall Street analysts expect the stock to reach $38.5 within the next 12 months. Dorian LPG Ltd [NYSE: LPG] shares were valued at $41.43 at the most recent close of the market. An investor can expect a potential drop of -7.07% based on the average LPG price forecast.

Analyzing the LPG fundamentals

Trailing Twelve Months sales for Dorian LPG Ltd [NYSE:LPG] were 560.72M which represents 5.80% growth. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.57%, Pretax Profit Margin comes in at 0.53%, and Net Profit Margin reading is 0.53%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.3 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.62.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 40.30 points at the first support level, and at 39.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.00, and for the 2nd resistance point, it is at 42.57.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Dorian LPG Ltd [NYSE:LPG] is 3.62. In addition, the Quick Ratio stands at 3.60 and the Cash Ratio stands at 2.77. Considering the valuation of this stock, the price to sales ratio is 3.15, the price to book ratio is 1.64 and price to earnings (TTM) ratio is 5.46.

Transactions by insiders

Recent insider trading involved HADJIPATERAS JOHN C, President and CEO, that happened on Jan 12 ’24 when 5000.0 shares were purchased. Director, Tan Christina completed a deal on Dec 20 ’23 to sell 4371.0 shares. Meanwhile, Director Tan Christina sold 5629.0 shares on Dec 19 ’23.

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