Seadrill Ltd Lowered to Hold at TheStreet (SDRL)
http://www.americanbankingnews.com/getthestreet downgraded shares of Seadrill Ltd (NASDAQ: SDRL) from a buy rating to a hold rating in a report issued on Monday.
“Seadrill (SDRL) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and a generally disappointing performance in the stock itself.”
,” the firm’s analyst commented.
Seadrill Ltd traded down 1.29% on Monday, hitting $37.095. Seadrill Ltd has a 1-year low of $31.37 and a 1-year high of $41.95. The stock’s 50-day moving average is currently $38.04. The company has a market cap of $17.402 billion and a price-to-earnings ratio of 17.73.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas downgraded shares of Seadrill Ltd from a neutral rating to an underperform rating in a research note to investors on Tuesday, February 12th. Separately, analysts at JPMorgan Chase initiated coverage on shares of Seadrill Ltd in a research note to investors on Tuesday, January 29th. They set an overweight rating on the stock. Finally, analysts at Zacks upgraded shares of Seadrill Ltd from an underperform rating to a neutral rating in a research note to investors on Tuesday, January 15th. They now have a $39.40 price target on the stock.
Thirteen research analysts have rated the stock with a buy rating, two have given an overweight rating, twenty have assigned a hold rating, one has given an underweight rating, and two have given a sell rating to the company’s stock. The stock presently has a consensus rating of overweight.
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