Ship Finance International Ltd. (SFL) Sees Strong Trading Volume
Ship Finance International Ltd. (NYSE:SFL) shares saw unusually-strong trading volume on Wednesday . Approximately 578,479 shares were traded during trading, an increase of 25% from the previous session’s volume of 463,896 shares.The stock last traded at $15.06 and had previously closed at $15.16.
A number of equities research analysts recently weighed in on SFL shares. Zacks Investment Research lowered shares of Ship Finance International from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 29th. Seaport Global Securities began coverage on shares of Ship Finance International in a report on Monday, August 22nd. They set a “neutral” rating and a $16.00 price objective for the company. Clarkson Capital reissued a “neutral” rating on shares of Ship Finance International in a report on Friday, June 17th. Finally, Jefferies Group set a $15.00 price objective on shares of Ship Finance International and gave the stock a “hold” rating in a report on Wednesday, July 27th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.00.
The company has a market capitalization of $1.41 billion and a P/E ratio of 7.64. The firm has a 50-day moving average of $15.19 and a 200 day moving average of $14.62.
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 analysts’ consensus estimates of $0.51 by $0.09. On average, equities research analysts predict that Ship Finance International Ltd. will post $2.18 earnings per share for the current year.
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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