Ship Finance International (SFL) Stock Rating Upgraded by ValuEngine

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ValuEngine upgraded shares of Ship Finance International (NYSE:SFL) from a sell rating to a hold rating in a report published on Monday, ValuEngine reports.

Other research analysts have also issued reports about the company. Zacks Investment Research raised Ship Finance International from a hold rating to a buy rating and set a $14.00 target price for the company in a research report on Thursday, May 2nd. Pareto Securities raised Ship Finance International from a hold rating to a buy rating in a research report on Thursday, January 31st. Finally, B. Riley set a $14.00 target price on Ship Finance International and gave the stock a hold rating in a research report on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ship Finance International has a consensus rating of Buy and an average price target of $14.25.

Shares of SFL opened at $12.94 on Monday. Ship Finance International has a 52 week low of $10.31 and a 52 week high of $15.65. The firm has a market capitalization of $1.54 billion, a PE ratio of 12.56 and a beta of 1.40. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.02 and a quick ratio of 1.00.

Ship Finance International (NYSE:SFL) last announced its earnings results on Tuesday, February 26th. The shipping company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.19). The company had revenue of $118.57 million for the quarter, compared to the consensus estimate of $123.35 million. Ship Finance International had a return on equity of 8.92% and a net margin of 17.58%. As a group, analysts expect that Ship Finance International will post 1.07 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Ship Finance International by 37.6% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,067 shares of the shipping company’s stock worth $235,000 after acquiring an additional 5,207 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Ship Finance International by 13.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 224,567 shares of the shipping company’s stock worth $2,771,000 after acquiring an additional 27,034 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Ship Finance International by 11.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 497,880 shares of the shipping company’s stock worth $6,144,000 after acquiring an additional 50,773 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Ship Finance International in the 1st quarter worth about $40,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Ship Finance International by 132.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 51,469 shares of the shipping company’s stock worth $635,000 after acquiring an additional 29,355 shares in the last quarter. 28.54% of the stock is owned by hedge funds and other institutional investors.

Ship Finance International Company Profile

Ship Finance International Limited owns and operates vessels and offshore related assets primarily in Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. It is also involved in the charter, purchase, and sale of assets. In addition, the company operates in various sectors of the shipping and offshore industry, including oil transportation, dry bulk shipments, chemical transportation, oil product transportation, container transportation, car transportation, drilling rigs, and offshore support vessels.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ship Finance International (NYSE:SFL)

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