Ship Finance International Limited (NYSE:SFL) has been given an average recommendation of “Hold” by the nine analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $15.83.

A number of research firms recently issued reports on SFL. ValuEngine downgraded shares of Ship Finance International from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. Zacks Investment Research upgraded shares of Ship Finance International from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. Nordea Equity Research upgraded shares of Ship Finance International from a “hold” rating to a “buy” rating in a research report on Thursday, September 6th. TheStreet downgraded shares of Ship Finance International from a “b” rating to a “c+” rating in a research report on Thursday, August 23rd. Finally, Seaport Global Securities upgraded shares of Ship Finance International from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Friday, June 1st.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Ship Finance International by 51.0% during the second quarter. BlackRock Inc. now owns 4,217,374 shares of the shipping company’s stock worth $63,049,000 after buying an additional 1,425,028 shares during the last quarter. Northern Trust Corp raised its holdings in Ship Finance International by 9.8% during the second quarter. Northern Trust Corp now owns 3,633,177 shares of the shipping company’s stock worth $54,315,000 after buying an additional 323,699 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Ship Finance International by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 2,990,056 shares of the shipping company’s stock worth $44,702,000 after buying an additional 58,348 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Ship Finance International by 23.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,627,417 shares of the shipping company’s stock worth $39,280,000 after buying an additional 498,524 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Ship Finance International by 305.5% during the second quarter. Renaissance Technologies LLC now owns 1,437,962 shares of the shipping company’s stock worth $21,498,000 after buying an additional 1,083,330 shares during the last quarter. Hedge funds and other institutional investors own 31.11% of the company’s stock.

Shares of Ship Finance International stock traded up $0.22 during trading on Monday, reaching $13.82. 4,122 shares of the company traded hands, compared to its average volume of 875,187. The company has a quick ratio of 0.66, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. Ship Finance International has a 1-year low of $13.50 and a 1-year high of $15.98. The company has a market capitalization of $1.70 billion, a PE ratio of 11.58 and a beta of 1.20.

Ship Finance International (NYSE:SFL) last released its earnings results on Wednesday, August 22nd. The shipping company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.10. Ship Finance International had a net margin of 23.55% and a return on equity of 9.40%. The company had revenue of $96.80 million for the quarter, compared to the consensus estimate of $101.65 million. During the same quarter in the previous year, the company earned $0.35 EPS. sell-side analysts expect that Ship Finance International will post 1.11 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Friday, September 14th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, September 13th. This represents a $1.40 annualized dividend and a yield of 10.13%. Ship Finance International’s payout ratio is 117.65%.

About Ship Finance International

Ship Finance International Limited owns and operates vessels and offshore related assets primarily in Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. It is also involved in the charter, purchase, and sale of assets. In addition, the company operates in various sectors of the shipping and offshore industry, including oil transportation, dry bulk shipments, chemical transportation, oil product transportation, container transportation, car transportation, drilling rigs, and offshore supply vessels.

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Analyst Recommendations for Ship Finance International (NYSE:SFL)

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