Frontline Ltd. (NYSE:FRO) has earned an average rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $6.00.

A number of equities research analysts have recently issued reports on the company. Credit Suisse Group reiterated a “neutral” rating on shares of Frontline in a research note on Tuesday, September 5th. ValuEngine lowered Frontline from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Evercore ISI lowered Frontline from an “in-line” rating to an “underperform” rating and lowered their target price for the company from $6.00 to $4.00 in a research note on Friday, July 21st. BidaskClub lowered Frontline from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Finally, Zacks Investment Research lowered Frontline from a “hold” rating to a “sell” rating in a research note on Wednesday.

Shares of Frontline (NYSE FRO) traded down $0.07 during trading on Wednesday, reaching $6.33. 573,572 shares of the company’s stock traded hands, compared to its average volume of 435,622. Frontline has a twelve month low of $4.87 and a twelve month high of $8.05. The stock has a market capitalization of $8.70 billion, a PE ratio of 15.61 and a beta of 1.94. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.66 and a quick ratio of 1.66.

Frontline (NYSE:FRO) last posted its earnings results on Wednesday, August 30th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). Frontline had a net margin of 4.74% and a return on equity of 4.42%. The company had revenue of $89.99 million during the quarter, compared to analyst estimates of $86.55 million. research analysts forecast that Frontline will post -0.03 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of FRO. Wells Fargo & Company MN grew its stake in Frontline by 24.3% during the 1st quarter. Wells Fargo & Company MN now owns 65,824 shares of the shipping company’s stock valued at $444,000 after purchasing an additional 12,850 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Frontline by 11.0% during the 1st quarter. Bank of New York Mellon Corp now owns 239,600 shares of the shipping company’s stock valued at $1,615,000 after purchasing an additional 23,769 shares in the last quarter. Swiss National Bank grew its stake in Frontline by 8.6% during the 1st quarter. Swiss National Bank now owns 126,219 shares of the shipping company’s stock valued at $845,000 after purchasing an additional 10,000 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Frontline by 72.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 26,537 shares of the shipping company’s stock valued at $179,000 after purchasing an additional 11,133 shares in the last quarter. Finally, American International Group Inc. grew its stake in Frontline by 7.6% during the 1st quarter. American International Group Inc. now owns 40,205 shares of the shipping company’s stock valued at $271,000 after purchasing an additional 2,841 shares in the last quarter. Hedge funds and other institutional investors own 12.20% of the company’s stock.

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Frontline Company Profile

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