Franks International NV’s Neutral Rating Reaffirmed at Credit Suisse (FI)
Franks International NV (NYSE:FI)‘s stock had its “neutral” rating restated by stock analysts at Credit Suisse in a report issued on Monday. They currently have a $24.00 target price on the stock, down from their previous target price of $28.00. Credit Suisse’s price target indicates a potential upside of 16.56% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Goldman Sachs upgraded shares of Franks International NV from a “sell” rating to a “neutral” rating in a research note on Monday. Finally, 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. 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 presently has an average rating of “Hold” and an average price target of $28.25.
Shares of Franks International NV (NYSE:FI) traded up 0.29% during mid-day trading on Monday, hitting $20.65. 796,060 shares of the company’s stock traded hands. Franks International NV has a 52 week low of $20.42 and a 52 week 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 $3.170 billion and a price-to-earnings ratio of 17.80.
Franks International NV (NYSE:FI) last issued its quarterly earnings data 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. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. 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.
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.