Ship Finance International Ltd. (NYSE:SFL) has been assigned a consensus broker rating score of 2.50 (Hold) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Ship Finance International’s rating score has improved by 16.7% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus target price of $14.67 for the company and are anticipating that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also given Ship Finance International an industry rank of 95 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have weighed in on SFL shares. Zacks Investment Research raised Ship Finance International from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 17th. Seaport Global Securities started coverage on Ship Finance International in a report on Monday, August 22nd. They set a “neutral” rating and a $16.00 price objective on the stock.
Shares of Ship Finance International (NYSE:SFL) traded down 0.178% during trading on Monday, reaching $14.025. The company’s stock had a trading volume of 463,018 shares. The company’s 50-day moving average is $13.58 and its 200-day moving average is $14.68. The company has a market capitalization of $1.31 billion, a P/E ratio of 8.192 and a beta of 1.42. Ship Finance International has a 12 month low of $9.83 and a 12 month high of $17.66.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. LSV Asset Management boosted its position in Ship Finance International by 94.0% in the second quarter. LSV Asset Management now owns 2,327,643 shares of the company’s stock worth $34,309,000 after buying an additional 1,128,079 shares during the period. PNC Financial Services Group Inc. boosted its position in Ship Finance International by 10.0% in the second quarter. PNC Financial Services Group Inc. now owns 10,715 shares of the company’s stock worth $157,000 after buying an additional 976 shares during the period. Nwam LLC boosted its position in Ship Finance International by 0.7% in the second quarter. Nwam LLC now owns 14,206 shares of the company’s stock worth $209,000 after buying an additional 99 shares during the period. Commonwealth Equity Services Inc boosted its position in Ship Finance International by 39.0% in the second quarter. Commonwealth Equity Services Inc now owns 39,879 shares of the company’s stock worth $588,000 after buying an additional 11,198 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Ship Finance International during the second quarter worth about $185,000. Institutional investors own 27.32% of the company’s stock.
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.