Frontline Cut to Neutral at Zacks (FRO)
Frontline (NYSE:FRO) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday. They currently have a $2.20 target price on the stock. Zacks‘s price objective would suggest a potential upside of 7.32% from the stock’s previous close.
A number of other analysts have also recently weighed in on FRO. Analysts at Clarkson Capital cut their price target on shares of Frontline to $2.50 in a research note on Friday. 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 research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $2.18.
Shares of Frontline (NYSE:FRO) traded down 8.89% on Monday, hitting $2.05. 3,411,339 shares of the company’s stock traded hands. Frontline has a one year low of $1.99 and a one year high of $5.18. The stock’s 50-day moving average is $2.50 and its 200-day moving average is $3.1. The company’s market cap is $203.7 million.
Frontline (NYSE:FRO) last released its earnings data on Thursday, August 28th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.04. During the same quarter in the previous year, the company posted ($1.54) earnings per share. On average, analysts predict that Frontline will post $-0.62 earnings per share 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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