Jefferies Financial Group Lowers Hafnia (NYSE:HAFN) Price Target to $6.50

Hafnia (NYSE:HAFN) had its price target cut by stock analysts at Jefferies Financial Group from $8.00 to $6.50 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 26.21% from the company’s previous close.

Hafnia Trading Down 1.3 %

Shares of HAFN opened at $5.15 on Tuesday. The stock has a fifty day moving average price of $5.80 and a two-hundred day moving average price of $7.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.52 and a current ratio of 1.70. The company has a market cap of $2.61 billion and a price-to-earnings ratio of 3.03. Hafnia has a 52-week low of $5.07 and a 52-week high of $8.99.

Hedge Funds Weigh In On Hafnia

Several large investors have recently made changes to their positions in HAFN. Bank of New York Mellon Corp acquired a new stake in Hafnia in the second quarter worth about $2,421,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Hafnia during the second quarter worth approximately $60,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Hafnia in the second quarter valued at approximately $528,000. TD Asset Management Inc acquired a new position in Hafnia in the second quarter valued at approximately $148,000. Finally, Acadian Asset Management LLC bought a new position in Hafnia in the second quarter valued at approximately $107,651,000.

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.