Ship Finance International Ltd. (NYSE:SFL)’s share price dropped 2.1% during mid-day trading on Thursday . The stock traded as low as $14.35 and last traded at $14.77, with a volume of 889,313 shares trading hands. The stock had previously closed at $15.09.

SFL has been the subject of several analyst reports. Zacks Investment Research raised shares of Ship Finance International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 17th. Jefferies Group set a $15.00 price target on shares of Ship Finance International and gave the company a “hold” rating in a research note on Wednesday, July 27th. Seaport Global Securities initiated coverage on shares of Ship Finance International in a research note on Monday, August 22nd. They set a “neutral” rating and a $16.00 price target for the company. Finally, Clarkson Capital reaffirmed a “neutral” rating on shares of Ship Finance International in a research note on Friday, June 17th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Ship Finance International has an average rating of “Hold” and a consensus target price of $17.00.

The firm has a 50-day moving average price of $15.18 and a 200 day moving average price of $14.62. The stock has a market capitalization of $1.39 billion and a price-to-earnings ratio of 7.51.

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 consensus estimate of $0.51 by $0.09. On average, analysts expect that Ship Finance International Ltd. will post $2.18 EPS for the current fiscal 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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