Frank s International Stock Rating Upgraded by Guggenheim (FI)
Frank s International (NYSE:FI) was upgraded by equities researchers at Guggenheim from a “neutral” rating to a “buy” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Frank s International from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 16th. They now have a $23.20 price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of Frank s International to an “overweight” rating in a research note on Tuesday, February 25th. They now have a $30.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $30.46.
Frank s International (NYSE:FI) opened at 23.01 on Monday. Frank s International has a 52-week low of $20.76 and a 52-week high of $32.70. The stock has a 50-day moving average of $25.13 and a 200-day moving average of $25.09. The company has a market cap of $3.533 billion and a P/E ratio of 13.51.
Frank s International (NYSE:FI) last announced its earnings results on Thursday, May 1st. The company reported $0.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.30 by $0.03. The company had revenue of $264.50 million for the quarter, compared to the consensus estimate of $266.60 million. Frank s International’s revenue was up 13.7% compared to the same quarter last year. On average, analysts predict that Frank s International will post $1.29 earnings per share for the current fiscal year.
Frank s International NV is a Netherlands-based company. It provides a broad and comprehensive range of tubular technologies to the oil and gas industry.
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