Ship Finance International Limited (NYSE:SFL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm presently has a $17.00 price objective on the shipping company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 13.71% from the stock’s previous close.
According to Zacks, “Ship Finance is a major shipowning company. Including newbuildings, Ship Finance owns a fleet consisting of vessels, including crude oil tankers (VLCC and Suezmax), oil/bulk/ore vessels, container vessels, dry bulk carriers, jack-up drilling rigs and seismic vessels. The fleet is one of the largest in the world and most of the vessels are employed on medium- or long-term charters. “
Separately, Clarkson Capital upgraded shares of Ship Finance International Limited from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $16.00.
Ship Finance International Limited (NYSE SFL) opened at $14.95 on Friday. Ship Finance International Limited has a 12 month low of $12.07 and a 12 month high of $16.10. The stock has a market cap of $1,397.90, a price-to-earnings ratio of 10.91 and a beta of 1.40.
Ship Finance International Limited (NYSE:SFL) last posted its earnings results on Wednesday, August 30th. The shipping company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Ship Finance International Limited had a net margin of 29.59% and a return on equity of 11.26%. The business had revenue of $94.22 million for the quarter, compared to analyst estimates of $95.70 million. equities research analysts expect that Ship Finance International Limited will post 1.22 EPS for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the business. PARK CIRCLE Co acquired a new stake in Ship Finance International Limited in the 2nd quarter worth $408,000. Alliancebernstein L.P. lifted its holdings in shares of Ship Finance International Limited by 14.6% during the 2nd quarter. Alliancebernstein L.P. now owns 109,103 shares of the shipping company’s stock worth $1,484,000 after acquiring an additional 13,900 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Ship Finance International Limited by 9.1% during the 2nd quarter. Wells Fargo & Company MN now owns 166,939 shares of the shipping company’s stock worth $2,270,000 after acquiring an additional 13,952 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Ship Finance International Limited by 14.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 95,542 shares of the shipping company’s stock worth $1,300,000 after acquiring an additional 11,714 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Ship Finance International Limited by 40.3% during the 1st quarter. Ameriprise Financial Inc. now owns 14,457 shares of the shipping company’s stock worth $212,000 after acquiring an additional 4,150 shares during the period. Institutional investors own 26.40% of the company’s stock.
Ship Finance International Limited Company Profile
Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.
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