Frank s International Receives Consensus Rating of “Buy” from Brokerages (NYSE:FI)
Frank s International (NYSE:FI) has earned an average recommendation of “Buy” from the thirteen ratings firms that are currently covering the company, Stock Ratings Network.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $29.80.
In other Frank s International news, major shareholder D. Keith Mosing bought 17,556 shares of Frank s International stock in a transaction dated Wednesday, July 16th. The shares were purchased at an average price of $22.96 per share, for a total transaction of $403,085.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Frank s International (NYSE:FI) opened at 23.03 on Wednesday. Frank s International has a one year low of $20.76 and a one year high of $32.70. The stock has a 50-day moving average of $23.93 and a 200-day moving average of $24.1. The company has a market cap of $3.536 billion and a price-to-earnings ratio of 13.24.
Frank s International (NYSE:FI) last announced its earnings results on Thursday, May 1st. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters 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. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Analysts expect that Frank s International will post $1.28 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Frank s International in a research note on Wednesday. They set a “hold” rating and a $25.00 price target on the stock. Analysts at Guggenheim upgraded shares of Frank s International from a “neutral” rating to a “buy” rating in a research note on Monday, May 19th. They now have a $30.00 price target on the stock, up previously from $27.00.
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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