Stock Rating Downgrade
Recently the Value Trend Rating for DHT Holdings Inc (NYSE: DHT) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
DHT Holdings Inc (NYSE: DHT) stock closed at $11.54 on 8/1/24 after a modest decline of -1.8%. Moreover, unusually high trading volume at 159% of normal accompanied the decline. The stock has declined -0.5% during the last week but 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 C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. DHT Holdings has a neutral Appreciation Score of 46 but a good Power Rating of 75, and the High Neutral Value Trend Rating results.
Be the first to comment