DHT Holdings (DHT) Receives a Hold from Cleaves Securities

Cleaves Securities analyst Joakim Hannisdahl maintained a Hold rating on DHT Holdings (DHT) yesterday and set a price target of $4.60. The company’s shares closed last Thursday at $5.54.

According to TipRanks.com, Hannisdahl is a 1-star analyst with an average return of -1.0% and a 47.4% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.

Currently, the analyst consensus on DHT Holdings is a Moderate Buy with an average price target of $6.31.

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Based on DHT Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $212 million and net profit of $72.16 million. In comparison, last year the company earned revenue of $132 million and had a net profit of $17.72 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.