International Seaways Inc. (NYSE:INSW) Given Consensus Recommendation of “Strong Buy” by Analysts

International Seaways Inc. (NYSE:INSW) has received an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.

Analysts have set a 12 month consensus price objective of $27.33 for the company and are predicting that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also assigned International Seaways an industry rank of 180 out of 265 based on the ratings given to its competitors.

INSW has been the topic of a number of research reports. Zacks Investment Research upgraded shares of International Seaways from a “sell” rating to a “hold” rating in a research report on Friday, April 14th. J P Morgan Chase & Co initiated coverage on shares of International Seaways in a research report on Tuesday, June 13th. They set an “overweight” rating and a $30.00 target price on the stock.

Shares of International Seaways (INSW) traded down 0.44% during trading on Friday, reaching $22.63. 193,857 shares of the company’s stock were exchanged. The company’s market capitalization is $661.00 million. The company has a 50 day moving average price of $21.04 and a 200-day moving average price of $19.25. International Seaways has a 52-week low of $9.00 and a 52-week high of $22.96.

International Seaways (NYSE:INSW) last released its quarterly earnings results on Wednesday, May 10th. The transportation company reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by $0.01. The business had revenue of $84.10 million for the quarter, compared to analysts’ expectations of $85 million. The company’s revenue for the quarter was down 32.6% compared to the same quarter last year. On average, equities analysts forecast that International Seaways will post $1.29 earnings per share for the current year.

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About International Seaways

International Seaways, Inc and its subsidiaries own and operate a fleet of oceangoing vessels. The Company’s oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The Company’s segments are International Crude Tankers and International Product Carriers.

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