Ship Finance International Ltd. (SFL) Receives Average Rating of “Hold” from Analysts
Ship Finance International Ltd. (NYSE:SFL) has received an average broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold recommendation.
Brokerages have set a one year consensus target price of $15.00 for the company and are predicting that the company will post $0.42 EPS for the current quarter, according to Zacks. Zacks has also given Ship Finance International an industry rank of 200 out of 265 based on the ratings given to its competitors.
SFL has been the subject of several research analyst reports. Zacks Investment Research raised Ship Finance International from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 17th. Jefferies Group set a $15.00 price objective on Ship Finance International and gave the stock a “hold” rating in a report on Wednesday, July 27th. Seaport Global Securities initiated coverage on Ship Finance International in a report on Monday, August 22nd. They issued a “neutral” rating and a $16.00 price objective for the company. Finally, Clarkson Capital reaffirmed a “neutral” rating on shares of Ship Finance International in a report on Friday, June 17th.
Shares of Ship Finance International (NYSE:SFL) traded down 0.55% during trading on Tuesday, reaching $14.54. The company’s stock had a trading volume of 326,970 shares. The company has a market cap of $1.36 billion, a PE ratio of 8.49 and a beta of 1.28. Ship Finance International has a 12-month low of $9.83 and a 12-month high of $17.80. The company has a 50 day moving average of $14.85 and a 200 day moving average of $14.88.
Ship Finance International (NYSE:SFL) last issued its quarterly earnings data on Wednesday, August 24th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.09. Ship Finance International had a return on equity of 17.86% and a net margin of 41.55%. On average, analysts anticipate that Ship Finance International will post $2.00 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Monday, September 12th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.80 annualized dividend and a yield of 12.31%. Ship Finance International’s dividend payout ratio (DPR) is presently 90.45%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC increased its position in Ship Finance International by 301.4% in the third quarter. Advisory Services Network LLC now owns 75,599 shares of the company’s stock valued at $1,114,000 after buying an additional 56,766 shares during the period. Stifel Financial Corp bought a new position in Ship Finance International during the second quarter valued at $362,000. American Century Companies Inc. increased its position in Ship Finance International by 13.7% in the second quarter. American Century Companies Inc. now owns 58,825 shares of the company’s stock valued at $867,000 after buying an additional 7,092 shares during the period. GLG LLC bought a new position in Ship Finance International during the second quarter valued at $310,000. Finally, Jane Street Group LLC bought a new position in Ship Finance International during the second quarter valued at $266,000. Institutional investors own 29.53% of the company’s stock.
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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