Analysts Set $26.67 Price Target for International Seaways Inc. (INSW)
International Seaways Inc. (NYSE:INSW) has received an average broker rating score of 1.00 (Strong Buy) from the three brokers that cover the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.
Brokers have set a 1-year consensus price objective of $26.67 for the company and are anticipating that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also given International Seaways an industry rank of 236 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered International Seaways from a “hold” rating to a “strong sell” rating in a research report on Friday, October 20th.
Several hedge funds and other institutional investors have recently made changes to their positions in INSW. Frontier Capital Management Co. LLC bought a new stake in International Seaways in the third quarter valued at about $16,062,000. Donald Smith & CO. Inc. increased its holdings in International Seaways by 52.5% in the third quarter. Donald Smith & CO. Inc. now owns 847,222 shares of the transportation company’s stock valued at $16,690,000 after buying an additional 291,656 shares during the last quarter. Vanguard Group Inc. increased its holdings in International Seaways by 14.2% in the second quarter. Vanguard Group Inc. now owns 1,812,662 shares of the transportation company’s stock valued at $39,280,000 after buying an additional 224,894 shares during the last quarter. State Street Corp increased its holdings in International Seaways by 81.5% in the second quarter. State Street Corp now owns 480,598 shares of the transportation company’s stock valued at $10,414,000 after buying an additional 215,846 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in International Seaways by 59.0% in the third quarter. Dimensional Fund Advisors LP now owns 561,379 shares of the transportation company’s stock valued at $11,059,000 after buying an additional 208,301 shares during the last quarter. 86.33% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.thecerbatgem.com/2017/12/02/analysts-set-26-67-price-target-for-international-seaways-inc-insw.html.
International Seaways Company Profile
International Seaways, Inc and its subsidiaries own and operate a fleet of oceangoing vessels. The Company’s oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The Company’s segments are International Crude Tankers and International Product Carriers.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for International Seaways Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Seaways Inc. and related stocks with our FREE daily email newsletter.