Ship Finance International Limited Reaches New 52-Week High at $19.40 (SFL)
Shares of Ship Finance International Limited (NYSE:SFL) hit a new 52-week high on Monday , American Banking News.com reports. The company traded as high as $19.40 and last traded at $19.32, with a volume of 276,147 shares traded. The stock had previously closed at $19.11.
A number of analysts have recently weighed in on SFL shares. Analysts at Zacks upgraded shares of Ship Finance International Limited from a “neutral” rating to an “outperform” rating in a research note on Monday, August 4th. They now have a $20.20 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Ship Finance International Limited from $19.00 to $21.00 in a research note on Monday, July 28th. They now have a “hold” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Ship Finance International Limited in a research note on Wednesday, May 28th. They now have a $19.00 price target on the stock, up previously from $18.00.
The stock’s 50-day moving average is $18.33 and its 200-day moving average is $17.92. The company has a market cap of $1.801 billion and a price-to-earnings ratio of 17.93.
Ship Finance International Limited (NYSE:SFL) last announced its earnings results on Tuesday, May 27th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.18. The company had revenue of $82.70 million for the quarter, compared to the consensus estimate of $80.36 million. On average, analysts predict that Ship Finance International Limited will post $1.21 earnings per share for the current fiscal year.
Ship Finance International Limited (NYSE:SFL) is engaged primarily in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets.
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