Ship Finance International Limited (NYSE:SFL) Receives Consensus Rating of “Hold” from Brokerages

Shares of Ship Finance International Limited (NYSE:SFL) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $12.50.

SFL has been the topic of a number of research analyst reports. TheStreet raised Ship Finance International from a “c” rating to a “b-” rating in a research note on Tuesday, May 21st. Zacks Investment Research raised Ship Finance International from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Thursday, May 2nd. ValuEngine raised Ship Finance International from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Finally, B. Riley set a $14.00 target price on Ship Finance International and gave the company a “hold” rating in a research note on Thursday, March 7th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in Ship Finance International by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,131,413 shares of the shipping company’s stock valued at $43,506,000 after acquiring an additional 810,218 shares during the last quarter. BlackRock Inc. grew its stake in shares of Ship Finance International by 1.3% during the fourth quarter. BlackRock Inc. now owns 4,082,717 shares of the shipping company’s stock valued at $42,991,000 after buying an additional 50,820 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Ship Finance International by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 3,233,515 shares of the shipping company’s stock valued at $34,049,000 after buying an additional 9,081 shares during the last quarter. OppenheimerFunds Inc. grew its stake in shares of Ship Finance International by 0.6% during the first quarter. OppenheimerFunds Inc. now owns 1,668,540 shares of the shipping company’s stock valued at $20,590,000 after buying an additional 9,737 shares during the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Ship Finance International by 13.7% during the fourth quarter. Prudential Financial Inc. now owns 661,728 shares of the shipping company’s stock valued at $6,968,000 after buying an additional 79,799 shares during the last quarter. 28.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of SFL stock opened at $12.23 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.32 and a debt-to-equity ratio of 1.99. Ship Finance International has a 52-week low of $10.31 and a 52-week high of $15.15. The stock has a market capitalization of $1.47 billion, a P/E ratio of 11.87 and a beta of 1.31. The stock has a fifty day simple moving average of $12.58.

Ship Finance International (NYSE:SFL) last issued its quarterly earnings data on Tuesday, May 21st. The shipping company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $116.35 million. During the same quarter last year, the business posted $0.24 earnings per share. Sell-side analysts predict that Ship Finance International will post 0.83 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be paid a $0.35 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.40 dividend on an annualized basis and a yield of 11.45%. Ship Finance International’s dividend payout ratio is presently 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.

Further Reading: What is meant by a buy rating?

Analyst Recommendations for Ship Finance International (NYSE:SFL)

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