Ship Finance International Ltd. (NYSE:SFL) has received an average broker rating score of 3.00 (Hold) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold rating.
Brokers have set a twelve-month consensus price objective of $15.00 for the company and are predicting that the company will post $0.42 EPS for the current quarter, according to Zacks. Zacks has also assigned Ship Finance International an industry rank of 223 out of 265 based on the ratings given to related companies.
SFL has been the subject of a number of research analyst reports. Zacks Investment Research lowered Ship Finance International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 29th. Clarkson Capital reissued a “neutral” rating on shares of Ship Finance International in a research report on Friday, June 17th. Jefferies Group set a $15.00 price objective on Ship Finance International and gave the company a “hold” rating in a research report on Wednesday, July 27th. Finally, Seaport Global Securities started coverage on Ship Finance International in a research report on Monday, August 22nd. They set a “neutral” rating and a $16.00 price objective for the company.
Ship Finance International (NYSE:SFL) opened at 14.69 on Wednesday. Ship Finance International has a 52-week low of $9.83 and a 52-week high of $17.80. The company’s 50-day moving average is $15.15 and its 200 day moving average is $14.82. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 8.58 and a beta of 1.37.
Ship Finance International (NYSE:SFL) last announced its quarterly earnings results on Wednesday, August 24th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by $0.09. Ship Finance International had a return on equity of 17.86% and a net margin of 41.55%. Equities analysts forecast that Ship Finance International will post $1.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Monday, September 12th will be given a dividend of $0.45 per share. 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 dividend payout ratio is currently 90.45%.
Several institutional investors have recently bought and sold shares of SFL. BlackRock Inc. raised its position in Ship Finance International by 65.5% in the first quarter. BlackRock Inc. now owns 32,301 shares of the company’s stock valued at $449,000 after buying an additional 12,783 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in 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 in the last quarter. Icon Advisers Inc. Co. bought a new position in Ship Finance International during the first quarter valued at about $6,532,000. Prudential Financial Inc. raised its position in Ship Finance International by 56.5% in the first quarter. Prudential Financial Inc. now owns 523,609 shares of the company’s stock valued at $7,273,000 after buying an additional 189,100 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Ship Finance International by 13.7% in the second quarter. American Century Companies Inc. now owns 58,825 shares of the company’s stock valued at $867,000 after buying an additional 7,092 shares in the last quarter. 30.05% of the stock is owned by hedge funds and other institutional investors.
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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