Franks International NV Receives Average Recommendation of “Hold” from Analysts (NYSE:FI)
Franks International NV (NYSE:FI) has received a consensus rating of “Hold” from the twelve brokerages that are presently covering the company, AnalystRatingsNetwork.com reports. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $28.25.
Franks International NV (NYSE:FI) opened at 20.15 on Tuesday. Franks International NV has a 52 week low of $19.82 and a 52 week high of $32.70. The stock has a 50-day moving average of $21.80 and a 200-day moving average of $23.57. The company has a market cap of $3.094 billion and a price-to-earnings ratio of 17.51. Franks International NV also saw a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 2,581,986 shares, an increase of 50.3% from the July 31st total of 1,718,029 shares. Based on an average trading volume of 706,196 shares, the short-interest ratio is currently 3.7 days. Approximately 7.7% of the company’s shares are short sold.
Franks International NV (NYSE:FI) last issued its quarterly earnings data 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. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, analysts predict that Franks International NV will post $1.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Wednesday, August 27th.
A number of analysts have recently weighed in on FI shares. Analysts at Jefferies Group reiterated a “hold” rating on shares of Franks International NV in a research note on Monday, August 11th. They now have a $22.00 price target on the stock, down previously from $25.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Franks International NV in a research note on Monday, August 11th. They now have a $24.00 price target on the stock, down previously from $28.00. Finally, 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, August 11th. They now have a $23.00 price target on the stock, down previously from $29.00.
Frank’s International NV is a global provider of engineered tubular services to the oil and gas industry.
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