Ship Finance International Limited (NYSE:SFL) Receives $13.33 Average PT from Analysts

Shares of Ship Finance International Limited (NYSE:SFL) have been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $13.33.

A number of equities research analysts have commented on SFL shares. Zacks Investment Research upgraded Ship Finance International from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Wednesday, July 31st. TheStreet upgraded Ship Finance International from a “c” rating to a “b-” rating in a research note on Tuesday, May 21st. Finally, ValuEngine upgraded Ship Finance International from a “sell” rating to a “hold” rating in a research note on Friday, July 26th.

A number of institutional investors have recently added to or reduced their stakes in SFL. Bank of New York Mellon Corp raised its stake in shares of Ship Finance International by 12.9% in the second quarter. Bank of New York Mellon Corp now owns 4,586,584 shares of the shipping company’s stock worth $57,378,000 after purchasing an additional 522,451 shares during the last quarter. Northern Trust Corp raised its stake in shares of Ship Finance International by 0.8% in the second quarter. Northern Trust Corp now owns 3,469,742 shares of the shipping company’s stock worth $43,406,000 after purchasing an additional 28,889 shares during the last quarter. Invesco Ltd. raised its stake in shares of Ship Finance International by 278.7% in the second quarter. Invesco Ltd. now owns 2,351,534 shares of the shipping company’s stock worth $29,418,000 after purchasing an additional 1,730,615 shares during the last quarter. OppenheimerFunds Inc. raised its stake in shares of Ship Finance International by 0.6% in the first quarter. OppenheimerFunds Inc. now owns 1,668,540 shares of the shipping company’s stock worth $20,590,000 after purchasing an additional 9,737 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Ship Finance International by 499.7% in the second quarter. UBS Group AG now owns 678,461 shares of the shipping company’s stock worth $8,487,000 after purchasing an additional 565,327 shares during the last quarter. Institutional investors own 28.47% of the company’s stock.



Ship Finance International stock traded up $0.23 during midday trading on Thursday, reaching $12.72. The company’s stock had a trading volume of 461,400 shares, compared to its average volume of 476,523. The stock’s 50-day simple moving average is $12.83 and its 200-day simple moving average is $12.60. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.32 and a quick ratio of 1.29. Ship Finance International has a 52-week low of $10.31 and a 52-week high of $14.85. The stock has a market capitalization of $1.49 billion, a P/E ratio of 11.90 and a beta of 1.28.

Ship Finance International (NYSE:SFL) last released its quarterly earnings results on Tuesday, May 21st. The shipping company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Ship Finance International had a return on equity of 9.35% and a net margin of 18.64%. The company had revenue of $116.54 million during the quarter, compared to analysts’ expectations of $116.35 million. During the same period last year, the business posted $0.24 earnings per share. As a group, equities research analysts expect that Ship Finance International will post 0.83 earnings per share for the current fiscal year.

About Ship Finance International

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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