Franks International NV Stock Rating Upgraded by Goldman Sachs (FI)
Franks International NV (NYSE:FI) was upgraded by stock analysts at Goldman Sachs from a “sell” rating to a “neutral” rating in a report issued on Monday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on FI. 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. Separately, 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. Finally, analysts at Guggenheim upgraded shares of Franks International NV 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. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Franks International NV presently has an average rating of “Hold” and an average price target of $30.33.
Shares of Franks International NV (NYSE:FI) opened at 20.59 on Monday. Franks International NV has a 1-year low of $20.42 and a 1-year high of $32.70. The stock’s 50-day moving average is $23.38 and its 200-day moving average is $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 EPS for the quarter, missing the Thomson Reuters 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.
Frank’s International NV is a global provider of engineered tubular services to the oil and gas industry.
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