DHT Holdings Inc (DHT) stock price forecast predicts $16.25 value

DHT Holdings Inc [DHT] stock prices are up 2.78% to $10.74 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DHT shares have gain 4.17% over the last week, with a monthly amount drifted -5.71%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

DHT Holdings Inc [NYSE: DHT] stock has seen the most recent analyst activity on October 15, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $16. Previously, Jefferies upgraded its rating to Buy on March 21, 2024, and elevated its price target to $14. On October 19, 2023, downgrade downgraded it’s rating to Hold but maintained its price target of $11 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $10 on May 04, 2023. Jefferies initiated its recommendation with a Buy and recommended $9 as its price target on July 21, 2022. In a note dated August 11, 2021, Stifel upgraded an Buy rating on this stock and boosted its target price from $6 to $7.

The stock price of DHT Holdings Inc [DHT] has been fluctuating between $9.28 and $12.80 over the past year. Currently, Wall Street analysts expect the stock to reach $16.25 within the next 12 months. DHT Holdings Inc [NYSE: DHT] shares were valued at $10.74 at the most recent close of the market. An investor can expect a potential return of 51.3% based on the average DHT price forecast.

Analyzing the DHT fundamentals

The DHT Holdings Inc [NYSE:DHT] reported sales of 579.36M for trailing twelve months, representing a surge of 8.29%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.15 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.4.

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 10.59 points at the first support level, and at 10.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.83, and for the 2nd resistance point, it is at 10.92.

Ratios To Look Out For

It’s worth pointing out that DHT Holdings Inc [NYSE:DHT]’s Current Ratio is 2.41. As well, the Quick Ratio is 1.97, while the Cash Ratio is 1.07. Considering the valuation of this stock, the price to sales ratio is 2.90, the price to book ratio is 1.68 and price to earnings (TTM) ratio is 10.71.

Transactions by insiders

Recent insider trading involved Kramer Jeremy, Director, that happened on Aug 19 ’24 when 27027.0 shares were purchased.

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