Franks International NV Downgraded by Global Hunter Securities to Accumulate (FI)
Franks International NV (NYSE:FI) was downgraded by analysts at Global Hunter Securities from a “buy” rating to an “accumulate” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
Shares of Franks International NV (NYSE:FI) opened at 20.59 on Monday. Franks International NV has a 52 week low of $20.42 and a 52 week high of $32.70. The stock has a 50-day moving average of $23.38 and a 200-day moving average of $23.89. The company has a market cap of $3.161 billion and a price-to-earnings ratio of 17.80.
Franks International NV (NYSE:FI) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.08. The company had revenue of $272.90 million for the quarter, compared to the consensus estimate of $277.99 million. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, analysts predict that Franks International NV will post $1.28 earnings per share for the current fiscal year.
FI has been the subject of a number of other recent research reports. Analysts at Goldman Sachs upgraded shares of Franks International NV from a “sell” rating to a “neutral” rating in a research note on Monday. Separately, analysts at Tudor Pickering downgraded shares of Franks International NV from a “buy” rating to an “accumulate” rating in a research note on Wednesday, July 23rd. Finally, analysts at Jefferies Group initiated coverage on shares of Franks International NV in a research note on Wednesday, July 16th. They set a “hold” rating and a $25.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $30.33.
Frank’s International NV is a global provider of engineered tubular services to the oil and gas industry.
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