Zacks Investment Research upgraded shares of Ship Finance International Limited (NYSE:SFL) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

According to Zacks, “Ship Finance is a major shipowning company. Including newbuildings, Ship Finance owns a fleet consisting of vessels, including crude oil tankers (VLCC and Suezmax), oil/bulk/ore vessels, container vessels, dry bulk carriers, jack-up drilling rigs and seismic vessels. The fleet is one of the largest in the world and most of the vessels are employed on medium- or long-term charters. “

A number of other equities research analysts have also weighed in on SFL. BidaskClub raised shares of Ship Finance International Limited from a strong sell rating to a sell rating in a report on Tuesday, June 13th. Jefferies Group LLC raised shares of Ship Finance International Limited to a hold rating and set a $15.00 price objective on the stock in a report on Monday, June 5th. Finally, ValuEngine lowered shares of Ship Finance International Limited from a buy rating to a hold rating in a report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $15.50.

Ship Finance International Limited (NYSE SFL) traded up 1.10% on Friday, hitting $13.80. The stock had a trading volume of 455,650 shares. The stock has a 50 day moving average price of $13.50 and a 200 day moving average price of $13.87. The company has a market cap of $1.29 billion, a P/E ratio of 9.99 and a beta of 1.38. Ship Finance International Limited has a 1-year low of $12.07 and a 1-year high of $16.10.

Ship Finance International Limited (NYSE:SFL) last announced its quarterly earnings data on Tuesday, May 30th. The shipping company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $96.88 million for the quarter, compared to analyst estimates of $102.70 million. Ship Finance International Limited had a net margin of 33.62% and a return on equity of 12.65%. On average, equities research analysts expect that Ship Finance International Limited will post $1.06 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneva Advisors LLC increased its position in Ship Finance International Limited by 1.4% in the first quarter. Geneva Advisors LLC now owns 12,335 shares of the shipping company’s stock worth $181,000 after buying an additional 176 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Ship Finance International Limited by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 45,661 shares of the shipping company’s stock worth $621,000 after buying an additional 196 shares in the last quarter. Stifel Financial Corp increased its position in Ship Finance International Limited by 2.1% in the second quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock worth $150,000 after buying an additional 226 shares in the last quarter. Advisory Services Network LLC increased its position in Ship Finance International Limited by 0.4% in the second quarter. Advisory Services Network LLC now owns 80,160 shares of the shipping company’s stock worth $1,090,000 after buying an additional 288 shares in the last quarter. Finally, LVM Capital Management Ltd. MI increased its position in Ship Finance International Limited by 0.5% in the second quarter. LVM Capital Management Ltd. MI now owns 164,600 shares of the shipping company’s stock worth $2,239,000 after buying an additional 800 shares in the last quarter. Institutional investors own 26.33% of the company’s stock.

Ship Finance International Limited Company Profile

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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