Ship Finance International Limited (SFL) Downgraded by Zacks Investment Research to Hold
Ship Finance International Limited (NYSE:SFL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Saturday.
According to Zacks, “Ship Finance is a major shipowning company. Including newbuildings, Ship Finance owns a fleet consisting of vessels, including crude oil tankers (VLCC and Suezmax), oil/bulk/ore vessels, container vessels, dry bulk carriers, jack-up drilling rigs and seismic vessels. The fleet is one of the largest in the world and most of the vessels are employed on medium- or long-term charters. “
Separately, Clarkson Capital upgraded Ship Finance International Limited from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 17th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Ship Finance International Limited presently has an average rating of “Hold” and an average target price of $16.00.
Ship Finance International Limited (NYSE:SFL) opened at $14.95 on Friday. The stock has a market capitalization of $1,397.89, a P/E ratio of 10.91 and a beta of 1.40.
Ship Finance International Limited (NYSE:SFL) last announced its quarterly earnings data on Wednesday, August 30th. The shipping company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. Ship Finance International Limited had a return on equity of 11.26% and a net margin of 29.59%. The firm had revenue of $94.22 million for the quarter, compared to the consensus estimate of $95.70 million. equities research analysts expect that Ship Finance International Limited will post 1.22 earnings per share for the current year.
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A number of large investors have recently bought and sold shares of SFL. Raymond James Financial Services Advisors Inc. purchased a new stake in Ship Finance International Limited in the second quarter valued at $145,000. Stifel Financial Corp raised its position in Ship Finance International Limited by 2.1% in the second quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock valued at $150,000 after purchasing an additional 226 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Ship Finance International Limited in the third quarter valued at $154,000. Geneva Advisors LLC grew its stake in shares of Ship Finance International Limited by 3.2% in the second quarter. Geneva Advisors LLC now owns 12,735 shares of the shipping company’s stock valued at $173,000 after buying an additional 400 shares in the last quarter. Finally, QS Investors LLC acquired a new stake in shares of Ship Finance International Limited in the second quarter valued at $174,000. Institutional investors own 26.40% of the company’s stock.
About Ship Finance International Limited
Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.
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