Knightsbridge Tankers Upgraded to “Neutral” at Bank of America Corp. (VLCCF)
Knightsbridge Tankers (NASDAQ:VLCCF) was upgraded by investment analysts at Bank of America Corp. to a “neutral” rating in a note issued to investors on Tuesday, American Banking & Market News reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley initiated coverage on shares of Knightsbridge Tankers in a research note to investors on Friday, December 13th. They set an “overweight” rating on the stock. Separately, analysts at Evercore Partners cut their price target on shares of Knightsbridge Tankers from $8.50 to $8.00 in a research note to investors on Friday, November 15th. Finally, analysts at Evercore Partners upgraded shares of Knightsbridge Tankers from an “underweight” rating to an “equal weight” rating in a research note to investors on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.30.
Shares of Knightsbridge Tankers (NASDAQ:VLCCF) traded up 1.10% during mid-day trading on Tuesday, hitting $9.15. The stock had a trading volume of 344,317 shares. Knightsbridge Tankers has a one year low of $6.00 and a one year high of $10.69. The stock has a 50-day moving average of $8.60 and a 200-day moving average of $8.49. The company’s market cap is $223.9 million.
Knightsbridge Tankers (NASDAQ:VLCCF) last released its earnings data on Thursday, November 14th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.04. Analysts expect that Knightsbridge Tankers will post $0.10 EPS for the current fiscal year.
Knightsbridge Tankers Limited is engaged in the seaborne transportation of crude oil and dry bulk cargoes.
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