Recent meaningful positive changes in fundamentals have benefitted DHT Holdings Inc (NYSE: DHT): significant quarterly sales acceleration occurred, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Important positive changes in DHT Holdings Inc (NYSE: DHT) investment behavior have recently occurred: positive upside/downside volume developed.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
DHT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a major Value Builder.
DHT Holdings has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. DHT Holdings has a slightly negative Appreciation Score of 37 but a slightly positive Power Rating of 65, producing the Neutral Value Trend Rating.
Recent Price Action
DHT Holdings Inc (NYSE: DHT) stock declined by -1.1% on 11/15/23. The shares closed at $10.33. The stock has been strong relative to the market over the last nine months but has declined -1.5% during the last week.
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