Shares of Ship Finance International Limited (NYSE:SFL) have received an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $15.00.

SFL has been the topic of several research reports. Zacks Investment Research upgraded shares of Ship Finance International from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Friday, November 3rd. Clarkson Capital upgraded shares of Ship Finance International from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 17th. Jefferies Group assumed coverage on shares of Ship Finance International in a research report on Monday, December 18th. They issued a “hold” rating and a $15.00 target price on the stock. Finally, Goldman Sachs Group cut shares of Ship Finance International from a “neutral” rating to a “sell” rating in a research report on Wednesday.

A number of institutional investors have recently made changes to their positions in the business. Alliancebernstein L.P. boosted its stake in shares of Ship Finance International by 14.6% during the 2nd quarter. Alliancebernstein L.P. now owns 109,103 shares of the shipping company’s stock valued at $1,484,000 after purchasing an additional 13,900 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Ship Finance International by 9.1% during the 2nd quarter. Wells Fargo & Company MN now owns 166,939 shares of the shipping company’s stock valued at $2,270,000 after purchasing an additional 13,952 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Ship Finance International by 14.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 95,542 shares of the shipping company’s stock valued at $1,300,000 after purchasing an additional 11,714 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Ship Finance International during the 3rd quarter valued at about $741,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Ship Finance International by 15.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 269,702 shares of the shipping company’s stock valued at $3,668,000 after purchasing an additional 36,108 shares in the last quarter. 30.73% of the stock is currently owned by institutional investors and hedge funds.

Ship Finance International (NYSE:SFL) traded down $0.20 during midday trading on Wednesday, reaching $15.50. 915,700 shares of the company’s stock traded hands, compared to its average volume of 658,730. Ship Finance International has a fifty-two week low of $12.30 and a fifty-two week high of $16.10. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.13. The stock has a market cap of $1,570.00, a PE ratio of 15.66 and a beta of 1.41.

Ship Finance International (NYSE:SFL) last posted its quarterly earnings data on Wednesday, November 22nd. The shipping company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The firm had revenue of $93.67 million for the quarter, compared to analysts’ expectations of $97.50 million. Ship Finance International had a net margin of 28.66% and a return on equity of 11.02%. analysts forecast that Ship Finance International will post 1.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 11th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 9.03%. The ex-dividend date of this dividend was Friday, December 8th. Ship Finance International’s payout ratio is presently 141.41%.

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Ship Finance International 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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