Ship Finance International (SFL) Lifted to B- at TheStreet

TheStreet upgraded shares of Ship Finance International (NYSE:SFL) from a c rating to a b- rating in a research note issued to investors on Tuesday, TheStreetRatingsTable reports.

A number of other equities research analysts have also recently weighed in on SFL. ValuEngine raised Ship Finance International from a sell rating to a hold rating in a research note on Monday, May 13th. Zacks Investment Research cut Ship Finance International from a strong-buy rating to a hold rating in a research note on Tuesday, May 7th. B. Riley set a $14.00 price objective on Ship Finance International and gave the company a hold rating in a research note on Thursday, March 7th. Finally, Pareto Securities raised Ship Finance International from a hold rating to a buy rating in a research note on Thursday, January 31st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $14.25.

SFL stock opened at $13.37 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 1.93. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 12.98 and a beta of 1.40. Ship Finance International has a 52-week low of $10.31 and a 52-week high of $15.65.

Ship Finance International (NYSE:SFL) last posted its earnings results on Tuesday, May 21st. The shipping company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $116.54 million during the quarter, compared to analysts’ expectations of $116.35 million. Ship Finance International had a return on equity of 9.26% and a net margin of 18.64%. During the same quarter last year, the firm earned $0.24 earnings per share. As a group, equities research analysts anticipate that Ship Finance International will post 0.99 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. M&T Bank Corp grew its stake in Ship Finance International by 50.0% during the 4th quarter. M&T Bank Corp now owns 18,000 shares of the shipping company’s stock worth $190,000 after purchasing an additional 6,000 shares in the last quarter. Prudential Financial Inc. grew its stake in Ship Finance International by 13.7% during the 4th quarter. Prudential Financial Inc. now owns 661,728 shares of the shipping company’s stock worth $6,968,000 after purchasing an additional 79,799 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Ship Finance International by 3.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 70,150 shares of the shipping company’s stock worth $739,000 after purchasing an additional 2,050 shares in the last quarter. California Public Employees Retirement System grew its stake in Ship Finance International by 14.9% during the 4th quarter. California Public Employees Retirement System now owns 228,341 shares of the shipping company’s stock worth $2,404,000 after purchasing an additional 29,643 shares in the last quarter. Finally, Nwam LLC grew its stake in Ship Finance International by 18.9% during the 1st quarter. Nwam LLC now owns 35,403 shares of the shipping company’s stock worth $437,000 after purchasing an additional 5,637 shares in the last quarter. 28.69% of the stock is owned by hedge funds and other institutional investors.

Ship Finance International Company Profile

Ship Finance International Ltd. engages in the ownership and operation of vessels and offshore related assets. It also involves in the charter, purchase, and sale of assets. Its assets include oil tankers, dry bulk carriers, container vessels, car carriers, jack-up drilling rig, ultra-deepwater drilling units, offshore supply vessels, and chemical tankers.

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Analyst Recommendations for Ship Finance International (NYSE:SFL)

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