Analysts Set Ship Finance International Limited (SFL) Price Target at $14.33
Ship Finance International Limited (NYSE:SFL) has received an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $14.33.
SFL has been the topic of several analyst reports. B. Riley set a $14.00 price objective on shares of Ship Finance International and gave the stock a “hold” rating in a research note on Thursday, March 7th. Zacks Investment Research cut shares of Ship Finance International from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 1st. Pareto Securities raised shares of Ship Finance International from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Finally, Citigroup initiated coverage on shares of Ship Finance International in a research note on Thursday, December 27th. They issued a “neutral” rating and a $11.00 price objective on the stock.
Several institutional investors have recently modified their holdings of the stock. Nwam LLC lifted its holdings in Ship Finance International by 18.9% in the first quarter. Nwam LLC now owns 35,403 shares of the shipping company’s stock valued at $437,000 after buying an additional 5,637 shares during the period. Deutsche Bank AG raised its holdings in shares of Ship Finance International by 10.5% during the fourth quarter. Deutsche Bank AG now owns 285,628 shares of the shipping company’s stock valued at $3,005,000 after purchasing an additional 27,050 shares during the period. Norges Bank acquired a new position in shares of Ship Finance International during the fourth quarter valued at about $6,406,000. Legal & General Group Plc raised its holdings in shares of Ship Finance International by 14.9% during the fourth quarter. Legal & General Group Plc now owns 39,689 shares of the shipping company’s stock valued at $418,000 after purchasing an additional 5,150 shares during the period. Finally, Paloma Partners Management Co acquired a new position in shares of Ship Finance International during the fourth quarter valued at about $197,000. 28.98% of the stock is currently owned by institutional investors.
Ship Finance International (NYSE:SFL) last posted its earnings results on Tuesday, February 26th. The shipping company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). The company had revenue of $118.57 million for the quarter, compared to the consensus estimate of $123.35 million. Ship Finance International had a return on equity of 8.92% and a net margin of 17.58%. As a group, sell-side analysts predict that Ship Finance International will post 1.07 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 12th were paid a $0.35 dividend. The ex-dividend date was Monday, March 11th. This represents a $1.40 annualized dividend and a dividend yield of 11.00%. Ship Finance International’s dividend payout ratio is 135.92%.
About Ship Finance International
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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