Shares of Frontline Ltd. (NYSE:FRO) have been given an average recommendation of “Hold” by the six research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $5.50.

Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Frontline from a “sell” rating to a “hold” rating in a research note on Monday, November 27th. Seaport Global Securities set a $7.00 target price on shares of Frontline and gave the company a “buy” rating in a research note on Thursday, January 4th.

Shares of Frontline (FRO) traded up $0.16 during trading hours on Monday, reaching $5.06. Frontline has a one year low of $4.47 and a one year high of $7.32. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $6,700.00, a PE ratio of 33.73 and a beta of 1.88.

Frontline (NYSE:FRO) last issued its earnings results on Wednesday, November 22nd. The shipping company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.01). Frontline had a net margin of 0.29% and a return on equity of 1.70%. equities research analysts anticipate that Frontline will post -0.14 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in FRO. Northern Trust Corp boosted its holdings in shares of Frontline by 197.8% in the second quarter. Northern Trust Corp now owns 1,795,843 shares of the shipping company’s stock valued at $10,290,000 after buying an additional 1,192,899 shares during the period. Evermore Global Advisors LLC boosted its holdings in shares of Frontline by 30.3% in the third quarter. Evermore Global Advisors LLC now owns 5,037,514 shares of the shipping company’s stock valued at $30,427,000 after buying an additional 1,170,522 shares during the period. Folketrygdfondet boosted its holdings in shares of Frontline by 49.1% in the third quarter. Folketrygdfondet now owns 1,914,988 shares of the shipping company’s stock valued at $11,567,000 after buying an additional 630,992 shares during the period. Amerigo Asset Management acquired a new position in shares of Frontline in the third quarter valued at approximately $2,897,000. Finally, Jane Street Group LLC boosted its holdings in shares of Frontline by 218.0% in the third quarter. Jane Street Group LLC now owns 398,059 shares of the shipping company’s stock valued at $2,435,000 after buying an additional 272,875 shares during the period. Institutional investors own 13.23% of the company’s stock.

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Frontline Company Profile

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