Frontline (NYSE:FRO) had its target price upped by Deutsche Bank from $6.00 to $7.00 in a research report report published on Tuesday. They currently have a hold rating on the shipping company’s stock.
FRO has been the subject of several other research reports. Zacks Investment Research upgraded Frontline from a hold rating to a strong-buy rating and set a $6.75 target price for the company in a research note on Wednesday, November 21st. ValuEngine raised Frontline from a sell rating to a hold rating in a research report on Thursday, August 30th. Jefferies Financial Group started coverage on Frontline in a research report on Monday, October 1st. They set a hold rating and a $6.00 price target on the stock. Danske raised Frontline from a sell rating to a buy rating in a research report on Thursday, November 15th. Finally, DNB Markets lowered Frontline from a buy rating to a hold rating and set a $7.30 price target on the stock. in a research report on Friday, November 30th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $6.44.
FRO stock opened at $6.91 on Tuesday. Frontline has a fifty-two week low of $3.79 and a fifty-two week high of $8.33. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.32 and a current ratio of 1.32.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FRO. UBS Group AG increased its holdings in shares of Frontline by 297.5% in the first quarter. UBS Group AG now owns 59,652 shares of the shipping company’s stock valued at $264,000 after purchasing an additional 44,645 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Frontline by 71.5% in the second quarter. Russell Investments Group Ltd. now owns 433,448 shares of the shipping company’s stock valued at $2,531,000 after purchasing an additional 180,682 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Frontline by 12.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 142,463 shares of the shipping company’s stock valued at $832,000 after purchasing an additional 15,600 shares during the period. Bienville Capital Management LLC acquired a new position in shares of Frontline in the second quarter valued at approximately $1,130,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Frontline in the second quarter valued at approximately $486,000. 16.25% of the stock is currently owned by institutional investors.
Frontline Company Profile
Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. As of December 31, 2017, the company's fleet consisted of 61 vessels, including VLCC, Suezmax, and LR2/Aframax tankers with an aggregate capacity of approximately 11.6 million deadweight ton.
Further Reading: What factors cause inflation to rise?
Receive News & Ratings for Frontline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontline and related companies with MarketBeat.com's FREE daily email newsletter.