Brokerages Set Frontline Ltd. (FRO) Price Target at $5.50

Shares of Frontline Ltd. (NYSE:FRO) have been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $5.50.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Frontline from a “hold” rating to a “sell” rating in a report on Tuesday, March 6th. DNB Markets upgraded shares of Frontline from a “hold” rating to a “buy” rating in a report on Tuesday, March 6th. ValuEngine lowered shares of Frontline from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Finally, Seaport Global Securities set a $7.00 price objective on shares of Frontline and gave the company a “buy” rating in a report on Thursday, January 4th.

How to Become a New Pot Stock Millionaire

A number of large investors have recently made changes to their positions in FRO. Northern Trust Corp raised its stake in Frontline by 197.8% during the 2nd quarter. Northern Trust Corp now owns 1,795,843 shares of the shipping company’s stock worth $10,290,000 after acquiring an additional 1,192,899 shares in the last quarter. Evermore Global Advisors LLC raised its stake in Frontline by 30.3% during the 3rd quarter. Evermore Global Advisors LLC now owns 5,037,514 shares of the shipping company’s stock worth $30,427,000 after acquiring an additional 1,170,522 shares in the last quarter. Folketrygdfondet raised its stake in Frontline by 49.1% during the 3rd quarter. Folketrygdfondet now owns 1,914,988 shares of the shipping company’s stock worth $11,567,000 after acquiring an additional 630,992 shares in the last quarter. Renaissance Technologies LLC raised its stake in Frontline by 61.5% during the 4th quarter. Renaissance Technologies LLC now owns 1,437,640 shares of the shipping company’s stock worth $6,599,000 after acquiring an additional 547,537 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in Frontline during the 4th quarter worth $2,263,000. Hedge funds and other institutional investors own 14.41% of the company’s stock.

Shares of Frontline (NYSE FRO) traded up $0.13 on Tuesday, hitting $4.52. 511,541 shares of the stock were exchanged, compared to its average volume of 705,293. Frontline has a fifty-two week low of $3.79 and a fifty-two week high of $7.15. The firm has a market cap of $5,870.00, a price-to-earnings ratio of -0.37 and a beta of 1.89. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.45 and a quick ratio of 1.47.

Frontline (NYSE:FRO) last announced its quarterly earnings data on Wednesday, February 28th. The shipping company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.11. Frontline had a negative net margin of 40.98% and a negative return on equity of 0.31%. The business had revenue of $99.20 million for the quarter, compared to analyst estimates of $88.40 million. equities research analysts expect that Frontline will post -0.34 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This story was first published by BBNS and is the property of of BBNS. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://baseballnewssource.com/2018/04/05/brokerages-set-frontline-ltd-fro-price-target-at-5-50/2026100.html.

About Frontline

Frontline Ltd. is a shipping company. The Company is engaged in the seaborne transportation of crude oil and oil products. Its tankers segment includes crude oil tankers and product tankers. As of December 31, 2016, the Company’s fleet consisted of 28 vessels owned by the Company (seven very large crude carriers (VLCCs), 10 Suezmax tankers and 11 Aframax/LR2 tankers); 13 vessels that are under capital leases (11 VLCCs and two Suezmax tankers); one VLCC that is recorded as an investment in finance lease; four vessels chartered-in for periods of 12 months, including extension options (two VLCCs and two Suezmax tankers); two VLCCs where cost/revenue is split equally with a third party (of which one is chartered-in by it and one by a third party); three medium range product tankers that are chartered-in on short term time charters with a remaining duration of less than two months, and five vessels that are under commercial management (two Suezmax tankers and three Aframax oil tankers).

Receive News & Ratings for Frontline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontline and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL


Leave a Reply

 
© 2006-2018 BBNS.