Frontline Price Target Lowered to $2.50 at Clarkson Capital (FRO)
Analysts at Clarkson Capital dropped their price target on shares of Frontline (NYSE:FRO) to $2.50 in a research report issued to clients and investors on Friday. Clarkson Capital’s price objective would indicate a potential upside of 11.11% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Frontline from a “neutral” rating to an “outperform” rating in a research note on Friday, August 1st. They now have a $3.10 price target on the stock. Analysts at Jefferies Group raised their price target on shares of Frontline from $2.50 to $3.00 in a research note on Monday, July 28th. They now have a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $2.33.
Shares of Frontline (NYSE:FRO) traded down 8.44% on Friday, hitting $2.06. 555,288 shares of the company’s stock traded hands. Frontline has a 1-year low of $2.03 and a 1-year high of $5.18. The stock has a 50-day moving average of $2.51 and a 200-day moving average of $3.13. The company’s market cap is $199.8 million.
Frontline (NYSE:FRO) last posted its quarterly earnings results on Thursday, August 28th. The company reported ($0.23) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.27) by $0.04. During the same quarter in the prior year, the company posted ($1.54) earnings per share. Analysts expect that Frontline will post $-0.63 EPS for the current fiscal year.
Frontline Ltd. is a Bermuda-based shipping company engaged primarily in the ownership and operation of oil tanker.
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