Frontline Ltd. (NYSE:FRO) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $6.00.

Several research analysts have commented on FRO shares. Zacks Investment Research upgraded shares of Frontline from a “sell” rating to a “hold” rating in a report on Monday, November 27th. Credit Suisse Group restated a “neutral” rating on shares of Frontline in a report on Tuesday, September 5th. Finally, BidaskClub upgraded shares of Frontline from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th.

Shares of Frontline (NYSE FRO) traded up $0.07 during midday trading on Thursday, reaching $4.63. 934,315 shares of the company’s stock traded hands, compared to its average volume of 768,845. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.22. Frontline has a 1-year low of $4.47 and a 1-year high of $7.55. The company has a market cap of $781.09, a price-to-earnings ratio of 28.75 and a beta of 1.87.

Several institutional investors have recently modified their holdings of the stock. Evermore Global Advisors LLC increased its stake in shares of Frontline by 30.3% in the 3rd quarter. Evermore Global Advisors LLC now owns 5,037,514 shares of the shipping company’s stock worth $30,427,000 after acquiring an additional 1,170,522 shares in the last quarter. Folketrygdfondet increased its stake in shares of Frontline by 49.1% in the 3rd quarter. Folketrygdfondet now owns 1,914,988 shares of the shipping company’s stock worth $11,567,000 after acquiring an additional 630,992 shares in the last quarter. Northern Trust Corp increased its stake in shares of Frontline by 197.8% in the 2nd quarter. Northern Trust Corp now owns 1,795,843 shares of the shipping company’s stock worth $10,290,000 after acquiring an additional 1,192,899 shares in the last quarter. State Street Corp increased its stake in shares of Frontline by 18.1% in the 2nd quarter. State Street Corp now owns 1,282,370 shares of the shipping company’s stock worth $7,351,000 after acquiring an additional 196,952 shares in the last quarter. Finally, Cipher Capital LP increased its stake in shares of Frontline by 24.9% in the 2nd quarter. Cipher Capital LP now owns 500,614 shares of the shipping company’s stock worth $2,868,000 after acquiring an additional 99,785 shares in the last quarter. Institutional investors own 13.23% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Daily Political and is owned by of Daily Political. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/12/21/frontline-ltd-fro-given-consensus-recommendation-of-hold-by-analysts.html.

About Frontline

Receive News & Ratings for Frontline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontline and related companies with MarketBeat.com's FREE daily email newsletter.