International Seaways Inc (NYSE:INSW) has earned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus price target of $26.67 for the company and are expecting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also assigned International Seaways an industry rank of 232 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded International Seaways from a “hold” rating to a “strong sell” rating in a research report on Friday, October 20th.

International Seaways (INSW) opened at $17.31 on Wednesday. The firm has a market capitalization of $519.25 and a price-to-earnings ratio of 32.46. The company has a current ratio of 3.78, a quick ratio of 3.74 and a debt-to-equity ratio of 0.44. International Seaways has a 1 year low of $12.59 and a 1 year high of $23.43.

Several large investors have recently made changes to their positions in the company. Legal & General Group Plc boosted its holdings in International Seaways by 61.7% in the second quarter. Legal & General Group Plc now owns 6,350 shares of the transportation company’s stock valued at $138,000 after acquiring an additional 2,424 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of International Seaways during the third quarter worth about $199,000. Leisure Capital Management acquired a new position in shares of International Seaways during the second quarter worth about $208,000. Citadel Advisors LLC acquired a new position in shares of International Seaways during the second quarter worth about $244,000. Finally, Voya Investment Management LLC acquired a new position in shares of International Seaways during the second quarter worth about $292,000. 86.33% of the stock is owned by institutional investors and hedge funds.

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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.

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