Share on StockTwits

Franks International NV (NYSE:FI)‘s stock had its “hold” rating restated by analysts at Jefferies Group in a research report issued to clients and investors on Monday. They currently have a $22.00 target price on the stock, down from their previous target price of $25.00. Jefferies Group’s price objective would suggest a potential upside of 6.85% from the company’s current price.

Shares of Franks International NV (NYSE:FI) traded up 0.29% during mid-day trading on Monday, hitting $20.65. 795,560 shares of the company’s stock traded hands. Franks International NV has a one year low of $20.42 and a one year 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 $3.170 billion and a price-to-earnings ratio of 17.80.

Franks International NV (NYSE:FI) last announced its earnings results on Thursday, August 7th. The company reported $0.23 earnings per share for the quarter, missing the analysts’ 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. Franks International NV’s revenue was down 6.9% compared to the same quarter last year. Analysts expect that Franks International NV will post $1.28 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on FI. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Franks International NV in a research note on Monday. They now have a $24.00 price target on the stock, down previously from $28.00. Separately, analysts at Global Hunter Securities downgraded shares of Franks International NV from a “buy” rating to an “accumulate” rating in a research note on Monday. They now have a $23.00 price target on the stock, down previously from $29.00. Finally, analysts at Goldman Sachs upgraded shares of Franks International NV from a “sell” rating to a “neutral” rating in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.25.

Frank’s International NV is a global provider of engineered tubular services to the oil and gas industry.

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.