Frontline Ltd. (NYSE:FRO) has been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $6.00.
Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Frontline from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Evercore ISI downgraded shares of Frontline from an “in-line” rating to an “underperform” rating and decreased their price target for the stock from $6.00 to $4.00 in a research report on Friday, July 21st. ValuEngine downgraded shares of Frontline from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Credit Suisse Group reiterated a “neutral” rating on shares of Frontline in a research report on Tuesday, September 5th. Finally, Zacks Investment Research downgraded shares of Frontline from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st.
Hedge funds have recently made changes to their positions in the company. Legal & General Group Plc raised its position in shares of Frontline by 3.8% during the 1st quarter. Legal & General Group Plc now owns 16,056 shares of the shipping company’s stock valued at $108,000 after purchasing an additional 581 shares during the period. Aperio Group LLC bought a new stake in shares of Frontline during the 2nd quarter valued at $124,000. KCG Holdings Inc. raised its position in shares of Frontline by 40.3% during the 1st quarter. KCG Holdings Inc. now owns 25,073 shares of the shipping company’s stock valued at $169,000 after purchasing an additional 7,205 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Frontline by 72.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 26,537 shares of the shipping company’s stock valued at $179,000 after purchasing an additional 11,133 shares during the period. Finally, Nisa Investment Advisors LLC bought a new stake in Frontline in the 2nd quarter valued at $182,000. Hedge funds and other institutional investors own 12.05% of the company’s stock.
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Frontline (NYSE:FRO) traded down $0.06 during trading hours on Wednesday, hitting $6.27. 75,303 shares of the stock were exchanged, compared to its average volume of 413,293. Frontline has a 1 year low of $4.87 and a 1 year high of $8.05. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $1,074.89, a PE ratio of 15.44 and a beta of 1.94.
Frontline (NYSE:FRO) last issued its earnings results on Wednesday, August 30th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.05). Frontline had a return on equity of 4.42% and a net margin of 4.74%. The company had revenue of $89.99 million during the quarter, compared to analysts’ expectations of $86.55 million. sell-side analysts forecast that Frontline will post -0.03 EPS for the current year.
Frontline Company Profile
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