Jefferies Financial Group Cuts Hafnia (NYSE:HAFN) Price Target to $8.00

Hafnia (NYSE:HAFN) had its price target decreased by research analysts at Jefferies Financial Group from $9.00 to $8.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 52.09% from the company’s current price.

Hafnia Stock Down 2.8 %

Shares of NYSE:HAFN opened at $5.26 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.49. Hafnia has a 52-week low of $5.13 and a 52-week high of $8.99. The company has a market capitalization of $2.67 billion and a PE ratio of 3.35. The company has a fifty day moving average of $6.71 and a 200-day moving average of $7.55.

Hafnia (NYSE:HAFN) last posted its earnings results on Friday, August 23rd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.42 by $0.09. The firm had revenue of $417.36 million during the quarter, compared to the consensus estimate of $387.14 million. Hafnia had a return on equity of 34.28% and a net margin of 47.30%. On average, equities analysts predict that Hafnia will post 1.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HAFN. Mondrian Investment Partners LTD acquired a new stake in shares of Hafnia in the second quarter valued at about $43,000. Allspring Global Investments Holdings LLC acquired a new stake in Hafnia during the 2nd quarter valued at approximately $60,000. Prudential PLC bought a new position in Hafnia during the 2nd quarter worth approximately $100,000. Infrastructure Capital Advisors LLC acquired a new position in shares of Hafnia in the 3rd quarter worth approximately $119,000. Finally, TD Asset Management Inc acquired a new position in shares of Hafnia in the 2nd quarter worth approximately $148,000.

Hafnia Company Profile

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.