Ship Finance International Ltd. (NYSE:SFL) has earned an average broker rating score of 3.00 (Hold) from the four analysts that cover the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold rating.
Analysts have set a one year consensus price target of $15.00 for the company and are expecting that the company will post $0.42 earnings per share for the current quarter, according to Zacks. Zacks has also given Ship Finance International an industry rank of 223 out of 265 based on the ratings given to related companies.
A number of research analysts have recently weighed in on SFL shares. Zacks Investment Research lowered Ship Finance International from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 29th. 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 target price on the stock. Clarkson Capital reaffirmed a “neutral” rating on shares of Ship Finance International in a report on Friday, June 17th. Finally, Jefferies Group set a $15.00 target price on Ship Finance International and gave the stock a “hold” rating in a report on Wednesday, July 27th.
A number of hedge funds have recently modified their holdings of SFL. Commonwealth Equity Services Inc raised its stake in shares of Ship Finance International by 75.7% in the first quarter. Commonwealth Equity Services Inc now owns 28,681 shares of the company’s stock valued at $398,000 after buying an additional 12,355 shares during the last quarter. Aperio Group LLC raised its stake in shares of Ship Finance International by 93.2% in the first quarter. Aperio Group LLC now owns 118,334 shares of the company’s stock valued at $1,644,000 after buying an additional 57,096 shares during the last quarter. Icon Advisers Inc. Co. acquired a new stake in shares of Ship Finance International during the first quarter valued at approximately $6,532,000. TIAA CREF Investment Management LLC raised its stake in shares of Ship Finance International by 26.5% in the first quarter. TIAA CREF Investment Management LLC now owns 238,344 shares of the company’s stock valued at $3,311,000 after buying an additional 49,876 shares during the last quarter. Finally, Teachers Advisors Inc. raised its stake in shares of Ship Finance International by 3.6% in the first quarter. Teachers Advisors Inc. now owns 93,616 shares of the company’s stock valued at $1,300,000 after buying an additional 3,249 shares during the last quarter. 30.05% of the stock is currently owned by institutional investors.
Ship Finance International (NYSE:SFL) opened at 14.69 on Wednesday. The stock has a market capitalization of $1.37 billion, a PE ratio of 8.58 and a beta of 1.37. Ship Finance International has a 12-month low of $9.83 and a 12-month high of $17.80. The company has a 50-day moving average price of $15.15 and a 200-day moving average price of $14.82.
Ship Finance International (NYSE:SFL) last announced its quarterly earnings data on Wednesday, August 24th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by $0.09. Ship Finance International had a net margin of 41.55% and a return on equity of 17.86%. Analysts expect that Ship Finance International will post $1.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Monday, September 12th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 12.25%. The ex-dividend date is Thursday, September 8th. Ship Finance International’s payout ratio is currently 90.45%.
About Ship Finance International
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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