ValuEngine lowered shares of Frontline (NYSE:FRO) from a buy rating to a hold rating in a report released on Monday, ValuEngine reports.

Several other equities analysts also recently issued reports on FRO. DNB Markets upgraded shares of Frontline from a hold rating to a buy rating in a research note on Tuesday, February 12th. Morgan Stanley reiterated a hold rating on shares of Frontline in a research note on Friday, February 15th. Finally, Zacks Investment Research downgraded shares of Frontline from a strong-buy rating to a hold rating in a research note on Tuesday, March 26th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $7.30.

NYSE FRO opened at $7.75 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.38 and a quick ratio of 1.38. Frontline has a 1 year low of $4.46 and a 1 year high of $9.54. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -55.36, a P/E/G ratio of 3.76 and a beta of 1.17.

Frontline (NYSE:FRO) last released its quarterly earnings data on Thursday, May 16th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. Frontline had a net margin of 5.52% and a return on equity of 3.08%. The company had revenue of $140.76 million during the quarter, compared to the consensus estimate of $148.24 million. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. On average, sell-side analysts anticipate that Frontline will post 0.42 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Frontline by 2.9% during the fourth quarter. BlackRock Inc. now owns 3,739,119 shares of the shipping company’s stock worth $20,678,000 after buying an additional 105,778 shares during the period. Odey Asset Management Group Ltd boosted its stake in shares of Frontline by 2,276.9% during the fourth quarter. Odey Asset Management Group Ltd now owns 3,422,053 shares of the shipping company’s stock worth $18,924,000 after buying an additional 3,278,079 shares during the period. Deutsche Bank AG boosted its stake in shares of Frontline by 130.7% during the fourth quarter. Deutsche Bank AG now owns 740,715 shares of the shipping company’s stock worth $4,094,000 after buying an additional 419,702 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Frontline by 213.6% during the first quarter. Goldman Sachs Group Inc. now owns 481,311 shares of the shipping company’s stock worth $3,110,000 after buying an additional 327,821 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Frontline by 7.3% during the first quarter. Parametric Portfolio Associates LLC now owns 408,827 shares of the shipping company’s stock worth $2,641,000 after buying an additional 27,805 shares during the period. Institutional investors and hedge funds own 18.83% of the company’s stock.

About Frontline

Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2018, the company's fleet consisted of 61 vessels, which included very large crude carrier, Suezmax, and LR2/Aframax tankers with an aggregate capacity of approximately 11.6 million deadweight ton.

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Analyst Recommendations for Frontline (NYSE:FRO)

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