Shares of Frontline Ltd. (NYSE:FRO) have been given an average recommendation of “Hold” by the nine brokerages that are currently covering the stock. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $10.33.

Several equities analysts have weighed in on FRO shares. Morgan Stanley restated an “equal weight” rating and set a $7.00 target price (down from $10.00) on shares of Frontline in a report on Friday, August 26th. Zacks Investment Research downgraded shares of Frontline from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Frontline in a report on Tuesday, September 27th.

Several large investors have recently added to or reduced their stakes in FRO. Nisa Investment Advisors LLC bought a new stake in Frontline during the third quarter valued at about $108,000. BlackRock Inc. boosted its stake in Frontline by 551.1% in the second quarter. BlackRock Inc. now owns 15,015 shares of the company’s stock valued at $119,000 after buying an additional 12,709 shares in the last quarter. Two Sigma Advisers LP bought a new stake in Frontline during the third quarter valued at about $108,000. Capital Fund Management S.A. bought a new stake in Frontline during the second quarter valued at about $129,000. Finally, BlackRock Advisors LLC boosted its stake in Frontline by 44.5% in the second quarter. BlackRock Advisors LLC now owns 21,491 shares of the company’s stock valued at $169,000 after buying an additional 6,621 shares in the last quarter. 7.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of Frontline (NYSE:FRO) opened at 7.57 on Friday. The company’s 50-day moving average is $7.49 and its 200 day moving average is $7.82. Frontline has a 52 week low of $6.80 and a 52 week high of $16.40. The stock has a market capitalization of $1.18 billion, a P/E ratio of 4.96 and a beta of 2.55.

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Frontline Company Profile

Frontline Ltd. is a shipping company. The Company is engaged in the seaborne transportation of crude oil and oil products. The Company operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. The Company operates through subsidiaries and partnerships located in Bermuda, India, the Philippines, Liberia, Norway, the United Kingdom and Singapore.

5 Day Chart for NYSE:FRO

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