Cantor Fitzgerald Maintains a 'Buy' on DHT Holdings (DHT); Continues To Shore Up Balance Sheet, Keeps Dividend

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Cantor Fitzgerald maintains a 'Buy' on DHT Holdings (NYSE: DHT) price target of $2.50.

Cantor analyst said, "The company prepaid $18 million under its credit facility and expects to prepay another $12 million in 1Q:11 in order to remain in compliance with its loan to value covenant. As such, the next scheduled payment under this facility is 3Q:14. With $43 million of cash on the balance sheet at the end of 2011 and our positive cash flow for expectations 2012 and 2013, we suggest DHT has ample liquidity."

For an analyst ratings summary and ratings history on DHT Holdings click here. For more ratings news on DHT Holdings click here.

Shares of DHT Holdings closed at $0.81 yesterday, with a 52 week range of $0.66-$5.15.

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