Dorian LPG (LPG) Gets a Sell Rating from Cleaves Securities
In a report released yesterday, Joakim Hannisdahl from Cleaves Securities maintained a Sell rating on Dorian LPG (LPG), with a price target of $10.00. The company’s shares closed last Tuesday at $11.45.
According to TipRanks.com, Hannisdahl is a 4-star analyst with an average return of 4.8% and a 61.6% success rate. Hannisdahl covers the Industrial Goods sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dorian LPG with a $12.67 average price target.
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Dorian LPG’s market cap is currently $614.7M and has a P/E ratio of 8.20. The company has a Price to Book ratio of 0.62.
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Dorian LPG Ltd. is a holding company which engages in the transportation of liquefied petroleum gas. It focus on managing gas carriers and developing customer services. It also offers in-house commercial and technical management services to vessels in their fleet and vessels deployed in the Helios Pool. The company was founded on July 1, 2013 and is headquartered in Stamford, CT.