Frontline Coverage Initiated by Analysts at Imperial Capital (FRO)
Imperial Capital started coverage on shares of Frontline (NYSE:FRO) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “underperform” rating on the stock.
A number of other analysts have also recently weighed in on FRO. Analysts at RS Platou downgraded shares of Frontline (NYSE:FRO) from a “neutral” rating to a “sell” rating in a research note to investors on Tuesday, September 3rd. They now have a $1.60 price target on the stock, down previously from $2.00. Separately, analysts at Jefferies Group raised their price target on shares of Frontline (NYSE:FRO) from $2.00 to $2.50 in a research note to investors on Thursday, August 29th. They now have a “hold” rating on the stock. Finally, analysts at Global Hunter Securities upgraded shares of Frontline (NYSE:FRO) from a “reduce” rating to a “neutral” rating in a research note to investors on Friday, July 19th.
Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $1.98.
Frontline (NYSE:FRO) traded down 1.13% during mid-day trading on Tuesday, hitting $2.63. The stock had a trading volume of 301,809 shares. Frontline has a one year low of $1.71 and a one year high of $4.07. The stock has a 50-day moving average of $2.65 and a 200-day moving average of $2.22. The company’s market cap is $207.4 million.
Frontline (NYSE:FRO) last announced its earnings results on Wednesday, August 28th. The company reported ($1.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by $1.04. The company had revenue of $121.20 million for the quarter, compared to the consensus estimate of $47.64 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was down 26.0% on a year-over-year basis. Analysts expect that Frontline will post $-1.61 EPS for the current fiscal year.
Frontline Ltd. is a shipping company. The Company is engaged primarily in the ownership and operation of oil tankers and oil/bulk/ore (NYSE:FRO) carriers.
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