Knightsbridge Tankers Upgraded to Neutral at Merrill Lynch (VLCCF)
Knightsbridge Tankers (NASDAQ:VLCCF) was upgraded by stock analysts at Merrill Lynch to a “neutral” rating in a report issued on Wednesday, StockRatingsNetwork.com reports.
Knightsbridge Tankers (NASDAQ:VLCCF) traded up 4.26% during mid-day trading on Wednesday, hitting $9.54. 389,047 shares of the company’s stock traded hands. Knightsbridge Tankers has a 52 week low of $6.10 and a 52 week high of $10.69. The stock has a 50-day moving average of $8.64 and a 200-day moving average of $8.50. The company’s market cap is $233.5 million.
Knightsbridge Tankers (NASDAQ:VLCCF) last released its earnings data on Thursday, November 14th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.04. Analysts expect that Knightsbridge Tankers will post $0.10 EPS for the current fiscal year.
VLCCF has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. upgraded shares of Knightsbridge Tankers to a “neutral” rating in a research note to investors on Tuesday. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $8.30.
Knightsbridge Tankers Limited is engaged in the seaborne transportation of crude oil and dry bulk cargoes.
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