Zacks Upgrades Frontline to Outperform (FRO)
Frontline (NYSE:FRO) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday. The firm currently has a $3.10 price target on the stock. Zacks‘s price target would suggest a potential upside of 30.25% from the stock’s previous close.
Frontline (NYSE:FRO) opened at 2.38 on Friday. Frontline has a one year low of $2.03 and a one year high of $5.18. The stock’s 50-day moving average is $2.65 and its 200-day moving average is $3.38. The company’s market cap is $230.8 million.
Frontline (NYSE:FRO) last posted its quarterly earnings results on Tuesday, May 27th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.12. During the same quarter in the prior year, the company posted ($0.24) earnings per share. Analysts expect that Frontline will post $-0.70 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on FRO. Analysts at Jefferies Group raised their price target on shares of Frontline from $2.50 to $3.00 in a research note on Monday, July 28th. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Frontline from $1.00 to $2.00 in a research note on Wednesday, May 28th. They now have a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Frontline presently has an average rating of “Hold” and an average price target of $2.29.
Frontline Ltd. is a Bermuda-based shipping company engaged primarily in the ownership and operation of oil tanker.
To view Zacks’ full report, visit Zacks’ official website.
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.