Frontline Ltd. (NYSE:FRO) reached a new 52-week low on Wednesday . The company traded as low as $5.12 and last traded at $5.11, with a volume of 218,181 shares. The stock had previously closed at $5.21.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Frontline from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. ValuEngine downgraded shares of Frontline from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. 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 note on Friday, July 21st. Credit Suisse Group decreased their price target on shares of Frontline from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 31st. Finally, BidaskClub upgraded shares of Frontline from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Frontline has an average rating of “Hold” and a consensus price target of $6.25.

The firm has a market cap of $864.33 million, a PE ratio of 13.29 and a beta of 1.97. The firm has a 50 day moving average price of $5.75 and a 200-day moving average price of $6.30.

Frontline (NYSE:FRO) last issued its quarterly earnings data on Tuesday, May 30th. The shipping company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Frontline had a return on equity of 8.76% and a net margin of 9.25%. The firm had revenue of $121.94 million for the quarter, compared to analyst estimates of $103.70 million. Analysts forecast that Frontline Ltd. will post $0.05 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp bought a new stake in Frontline during the first quarter valued at about $101,000. Legal & General Group Plc raised its stake in Frontline by 3.8% in the first quarter. Legal & General Group Plc now owns 16,056 shares of the shipping company’s stock valued at $108,000 after buying an additional 581 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Frontline by 426.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,564 shares of the shipping company’s stock valued at $112,000 after buying an additional 13,420 shares during the period. Aperio Group LLC bought a new stake in Frontline during the second quarter valued at about $124,000. Finally, KCG Holdings Inc. raised its stake in Frontline by 40.3% in the first quarter. KCG Holdings Inc. now owns 25,073 shares of the shipping company’s stock valued at $169,000 after buying an additional 7,205 shares during the period. 11.57% of the stock is currently owned by institutional investors.

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Frontline Company Profile

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