COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOY) to Post FY2020 Earnings of $0.38 Per Share, Jefferies Financial Group Forecasts
COSCO SHIPPING Holdings Co., Ltd. (OTCMKTS:CICOY) – Jefferies Financial Group boosted their FY2020 earnings estimates for shares of COSCO SHIPPING in a research note issued to investors on Wednesday, November 18th. Jefferies Financial Group analyst A. Lee now forecasts that the company will post earnings of $0.38 per share for the year, up from their prior forecast of $0.30. Jefferies Financial Group also issued estimates for COSCO SHIPPING’s FY2021 earnings at $0.36 EPS and FY2022 earnings at $0.35 EPS.
Other research analysts have also recently issued research reports about the stock. ValuEngine cut shares of COSCO SHIPPING from a “sell” rating to a “strong sell” rating in a report on Monday, November 2nd. Zacks Investment Research raised shares of COSCO SHIPPING from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a report on Wednesday, November 11th.
COSCO SHIPPING Company Profile
COSCO SHIPPING Holdings Co, Ltd., an investment holding company, engages in the container shipping, container terminals, and other businesses in the United States, Europe, the Asia Pacific, Mainland China, and internationally. The company operates through Container Shipping Business, Container Terminal Business, and Corporate and Other Operations segments.
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