Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for DHT Holdings Inc (NYSE: DHT) improved of late. DHT’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
DHT Holdings Inc (NYSE: DHT) stock closed at $11.70 on 7/29/24 after an increase of 1.4%. NORMAL trading volume accompanied the advance. The stock has risen 4.1% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
DHT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
DHT Holdings has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. DHT Holdings has a neutral Appreciation Score of 47 but a good Power Rating of 76, triggering the Positive Value Trend Rating.
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