Ship Finance International Limited (SFL) Receives Consensus Recommendation of “Hold” from Brokerages
Ship Finance International Limited (NYSE:SFL) has been given an average rating of “Hold” by the six analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $15.00.
SFL has been the topic of several recent analyst reports. Goldman Sachs Group downgraded Ship Finance International from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 17th. Zacks Investment Research downgraded Ship Finance International from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Clarkson Capital raised Ship Finance International from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 17th. Finally, Jefferies Group initiated coverage on Ship Finance International in a research note on Monday, December 18th. They set a “hold” rating and a $15.00 target price on the stock.
Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. bought a new stake in Ship Finance International in the 2nd quarter worth approximately $145,000. Stifel Financial Corp increased its stake in Ship Finance International by 2.1% in the 2nd quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock worth $150,000 after acquiring an additional 226 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Ship Finance International in the 3rd quarter worth approximately $154,000. BB&T Securities LLC bought a new stake in Ship Finance International in the 3rd quarter worth approximately $172,000. Finally, QS Investors LLC bought a new stake in Ship Finance International in the 2nd quarter worth approximately $174,000. 30.64% of the stock is currently owned by institutional investors and hedge funds.
Ship Finance International (NYSE:SFL) last issued its earnings results on Wednesday, November 22nd. The shipping company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $93.67 million for the quarter, compared to the consensus estimate of $97.50 million. Ship Finance International had a return on equity of 11.02% and a net margin of 28.66%. equities analysts forecast that Ship Finance International will post 1.22 earnings per share for the current fiscal year.
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Ship Finance International Company Profile
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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