Ship Finance International Limited (NYSE:SFL) has been assigned a consensus rating of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $13.67.
A number of analysts have weighed in on the stock. ValuEngine upgraded shares of Ship Finance International from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. TheStreet raised shares of Ship Finance International from a “c+” rating to a “b-” rating in a research note on Monday, September 9th. B. Riley set a $14.00 price target on shares of Ship Finance International and gave the company a “hold” rating in a research note on Wednesday, August 21st. Finally, Zacks Investment Research raised shares of Ship Finance International from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Saturday, August 24th.
Several hedge funds have recently added to or reduced their stakes in SFL. Manchester Financial Inc. bought a new position in shares of Ship Finance International during the second quarter valued at $25,000. Joseph P. Lucia & Associates LLC bought a new position in Ship Finance International during the second quarter worth $41,000. Baldwin Brothers Inc. MA raised its stake in Ship Finance International by 416.7% during the second quarter. Baldwin Brothers Inc. MA now owns 6,200 shares of the shipping company’s stock worth $78,000 after buying an additional 5,000 shares during the last quarter. Quantamental Technologies LLC bought a new position in Ship Finance International during the second quarter worth $92,000. Finally, Aperio Group LLC bought a new position in Ship Finance International during the second quarter worth $103,000. 29.84% of the stock is owned by hedge funds and other institutional investors.
Ship Finance International (NYSE:SFL) last issued its earnings results on Tuesday, August 20th. The shipping company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Ship Finance International had a net margin of 20.77% and a return on equity of 8.93%. The firm had revenue of $110.90 million for the quarter, compared to analyst estimates of $114.61 million. Research analysts forecast that Ship Finance International will post 0.83 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Thursday, September 12th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 9.79%. The ex-dividend date was Wednesday, September 11th. Ship Finance International’s payout ratio is currently 135.92%.
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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