Share on StockTwits

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.

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.