BidaskClub upgraded shares of Frontline Ltd. (NYSE:FRO) from a strong sell rating to a sell rating in a research report sent to investors on Saturday.

Several other research firms also recently commented on FRO. Zacks Investment Research upgraded Frontline from a sell rating to a hold rating in a report on Thursday, May 11th. Evercore ISI downgraded Frontline from an in-line rating to an underperform rating and decreased their price objective for the stock from $6.00 to $4.00 in a report on Friday, July 21st. ValuEngine downgraded Frontline from a buy rating to a hold rating in a report on Friday, June 2nd. Credit Suisse Group decreased their price objective on Frontline from $8.00 to $6.00 and set a neutral rating on the stock in a report on Wednesday, May 31st. Finally, Seaport Global Securities upgraded Frontline from a neutral rating to a buy rating and set a $8.00 price objective on the stock in a report on Wednesday, May 31st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $6.00.

Shares of Frontline (NYSE FRO) opened at 5.64 on Friday. The stock has a 50 day moving average price of $5.65 and a 200-day moving average price of $6.21. The firm has a market capitalization of $957.72 million, a price-to-earnings ratio of 14.73 and a beta of 1.97. Frontline has a 52 week low of $5.00 and a 52 week high of $8.39.

Frontline (NYSE:FRO) last released its quarterly earnings data on Tuesday, May 30th. The shipping company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The firm had revenue of $121.94 million for the quarter, compared to the consensus estimate of $103.70 million. Frontline had a return on equity of 8.76% and a net margin of 9.25%. On average, equities research analysts forecast that Frontline will post $0.05 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Frontline Ltd. (FRO) Raised to Sell at BidaskClub” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/30/frontline-ltd-fro-raised-to-sell-at-bidaskclub.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in Frontline by 3.8% in the first quarter. Legal & General Group Plc now owns 16,056 shares of the shipping company’s stock valued at $108,000 after buying an additional 581 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Frontline by 6.8% in the first quarter. Teachers Advisors LLC now owns 114,881 shares of the shipping company’s stock worth $774,000 after buying an additional 7,266 shares in the last quarter. American International Group Inc. increased its position in shares of Frontline by 7.6% in the first quarter. American International Group Inc. now owns 40,205 shares of the shipping company’s stock worth $271,000 after buying an additional 2,841 shares in the last quarter. Cipher Capital LP increased its position in shares of Frontline by 5.6% in the first quarter. Cipher Capital LP now owns 400,829 shares of the shipping company’s stock worth $2,702,000 after buying an additional 21,282 shares in the last quarter. Finally, Lingohr & Partner Asset Management GmbH increased its position in shares of Frontline by 38.1% in the first quarter. Lingohr & Partner Asset Management GmbH now owns 1,666,000 shares of the shipping company’s stock worth $11,229,000 after buying an additional 460,019 shares in the last quarter. Hedge funds and other institutional investors own 12.35% of the company’s stock.

About Frontline

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