Ship Finance International Hits New 1-Year High at $19.38 (SFL)
Shares of Ship Finance International (NYSE:SFL) reached a new 52-week high during trading on Monday , Analyst Ratings.Net reports. The company traded as high as $19.38 and last traded at $19.26, with a volume of 286,905 shares traded. The stock had previously closed at $19.19.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Ship Finance International in a research note on Wednesday, May 28th. They now have a $19.00 price target on the stock, up previously from $18.00. Analysts at Jefferies Group raised their price target on shares of Ship Finance International to $19.00 in a research note on Monday, April 21st. They now have a “hold” rating on the stock.
The stock’s 50-day moving average is $17.91 and its 200-day moving average is $17.26. The company has a market cap of $1.797 billion and a price-to-earnings ratio of 18.00.
Ship Finance International (NYSE:SFL) last announced its earnings results on Tuesday, May 27th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.18. The company had revenue of $82.70 million for the quarter, compared to the consensus estimate of $80.36 million. Analysts expect that Ship Finance International will post $1.27 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Thursday, June 12th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date of this dividend is Tuesday, June 10th.
Ship Finance International Limited (NYSE:SFL) is engaged primarily in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets.
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