Shares of Ship Finance International Limited (NYSE:SFL) have been given an average rating of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $15.83.
Several research firms have recently issued reports on SFL. Zacks Investment Research cut Ship Finance International from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, August 7th. Seaport Global Securities raised Ship Finance International from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Friday, June 1st.
Several large investors have recently added to or reduced their stakes in SFL. Geode Capital Management LLC grew its stake in shares of Ship Finance International by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 125,068 shares of the shipping company’s stock worth $1,938,000 after purchasing an additional 3,452 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Ship Finance International by 404.6% during the fourth quarter. Renaissance Technologies LLC now owns 464,915 shares of the shipping company’s stock valued at $7,206,000 after buying an additional 372,783 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Ship Finance International by 81.1% during the fourth quarter. Two Sigma Advisers LP now owns 55,600 shares of the shipping company’s stock valued at $862,000 after buying an additional 24,900 shares in the last quarter. Millennium Management LLC bought a new position in Ship Finance International during the fourth quarter valued at about $1,401,000. Finally, Macquarie Group Ltd. bought a new position in Ship Finance International during the fourth quarter valued at about $467,000. 23.69% of the stock is owned by institutional investors.
Ship Finance International traded down $0.10, reaching $14.75, during trading on Friday, according to MarketBeat Ratings. 283,777 shares of the company were exchanged, compared to its average volume of 643,341. The company has a market cap of $1.82 billion, a P/E ratio of 12.39 and a beta of 1.23. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.66 and a quick ratio of 0.66. Ship Finance International has a 52 week low of $12.85 and a 52 week high of $15.98.
Ship Finance International (NYSE:SFL) last issued its quarterly earnings data on Thursday, May 31st. The shipping company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. The firm had revenue of $92.30 million during the quarter, compared to the consensus estimate of $92.12 million. Ship Finance International had a return on equity of 9.27% and a net margin of 24.87%. Ship Finance International’s revenue was down 4.7% on a year-over-year basis. research analysts anticipate that Ship Finance International will post 1.05 earnings per share for the current year.
Ship Finance International Company Profile
Ship Finance International Limited owns and operates vessels and offshore related assets primarily in Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. It is also involved in the charter, purchase, and sale of assets. In addition, the company operates in various sectors of the shipping and offshore industry, including oil transportation, dry bulk shipments, chemical transportation, oil product transportation, container transportation, car transportation, drilling rigs, and offshore supply vessels.
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