Ship Finance International Limited (SFL) Cut to Sell at Zacks Investment Research
Zacks Investment Research downgraded shares of Ship Finance International Limited (NYSE:SFL) from a hold rating to a sell rating in a research report report published on Wednesday.
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. “
Separately, Clarkson Capital raised shares of Ship Finance International Limited from a neutral rating to a buy rating in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $16.00.
Ship Finance International Limited (NYSE:SFL) opened at $15.00 on Wednesday. Ship Finance International Limited has a twelve month low of $12.30 and a twelve month high of $16.10. The stock has a market cap of $1,402.57, a PE ratio of 10.95 and a beta of 1.40.
Ship Finance International Limited (NYSE:SFL) last issued its earnings results on Wednesday, August 30th. The shipping company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. Ship Finance International Limited had a net margin of 29.59% and a return on equity of 11.26%. The firm had revenue of $94.22 million for the quarter, compared to analysts’ expectations of $95.70 million. sell-side analysts anticipate that Ship Finance International Limited will post 1.22 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in shares of Ship Finance International Limited during the third quarter valued at approximately $154,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Ship Finance International Limited during the second quarter valued at approximately $145,000. Stifel Financial Corp raised its holdings in shares of Ship Finance International Limited by 2.1% during the second quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock valued at $150,000 after buying an additional 226 shares during the last quarter. BB&T Securities LLC bought a new stake in shares of Ship Finance International Limited during the third quarter valued at approximately $172,000. Finally, Geneva Advisors LLC raised its holdings in shares of Ship Finance International Limited by 3.2% during the second quarter. Geneva Advisors LLC now owns 12,735 shares of the shipping company’s stock valued at $173,000 after buying an additional 400 shares during the last quarter. 27.06% of the stock is currently owned by institutional investors.
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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