Share on StockTwits

Knightsbridge Tankers Limited (NASDAQ:VLCCF) was upgraded by TheStreet from a “hold” rating to a “buy” rating in a research note issued on Monday, American Banking and Market News reports. The firm currently has a $10.00 price target on the stock. TheStreet’s target price would indicate a potential downside of 26.31% from the stock’s previous close.

The analysts wrote, “Knightsbridge Tankers (VLCCF) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Knightsbridge Tankers Limited from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $11.90 price target on the stock. Finally, analysts at UBS AG upgraded shares of Knightsbridge Tankers Limited from a “neutral” rating to a “buy” rating in a research note on Tuesday, March 11th. They now have a $16.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Knightsbridge Tankers Limited presently has a consensus rating of “Buy” and an average target price of $13.70.

Shares of Knightsbridge Tankers Limited (NASDAQ:VLCCF) traded up 5.03% on Monday, hitting $13.57. 653,787 shares of the company’s stock traded hands. Knightsbridge Tankers Limited has a one year low of $6.10 and a one year high of $14.85. The stock’s 50-day moving average is $12.78 and its 200-day moving average is $10.34. The company has a market cap of $666.3 million and a P/E ratio of 25.43.

Knightsbridge Tankers Limited (NASDAQ:VLCCF) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. On average, analysts predict that Knightsbridge Tankers Limited will post $0.42 earnings per share for the current fiscal year.

Knightsbridge Tankers Limited is engaged in the seaborne transportation of crude oil and dry bulk cargoes.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.