Morgan Stanley Believes DHT Holdings (DHT) Still Has Room to Grow

In a report released today, Fotis Giannakoulis from Morgan Stanley maintained a Buy rating on DHT Holdings (DHT), with a price target of $6. The company’s shares opened today at $5.50, close to its 52-week high of $5.60.

According to TipRanks.com, Giannakoulis is ranked 0 out of 5 stars with an average return of -12.6% and a 33.3% success rate. Giannakoulis covers the Services sector, focusing on stocks such as Golar LNG Limited, Costamare Inc, and Gaslog Ltd.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for DHT Holdings with a $6.33 average price target, which is a 15.1% upside from current levels. In a report issued on November 2, Wells Fargo also maintained a Buy rating on the stock.

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Based on DHT Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $28.22 million. In comparison, last year the company had a GAAP net loss of $5.07 million.

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DHT Holdings, Inc. is an independent crude oil tanker company. It fleet trades internationally and consists of crude oil tankers in the VLCC, Aframax and Suezmax segments. The company was founded on February 12, 2010 and is headquartered in Hamilton, Bermuda.