Frontline Ltd. (NYSE:FRO) has been given a consensus rating of “Hold” by the eight research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $6.25.

Several brokerages have recently weighed in on FRO. Zacks Investment Research downgraded Frontline from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. Credit Suisse Group cut their price target on Frontline from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 31st. Evercore ISI cut Frontline from an “in-line” rating to an “underperform” rating and cut their price target for the stock from $6.00 to $4.00 in a research note on Friday. ValuEngine cut Frontline from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded Frontline from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its position in Frontline by 3.8% in the first quarter. Legal & General Group Plc now owns 16,056 shares of the shipping company’s stock valued at $108,000 after buying an additional 581 shares during the period. American International Group Inc. boosted its position in Frontline by 7.6% in the first quarter. American International Group Inc. now owns 40,205 shares of the shipping company’s stock valued at $271,000 after buying an additional 2,841 shares during the period. KCG Holdings Inc. boosted its position in Frontline by 40.3% in the first quarter. KCG Holdings Inc. now owns 25,073 shares of the shipping company’s stock valued at $169,000 after buying an additional 7,205 shares during the period. Teachers Advisors LLC boosted its position in Frontline by 6.8% in the first quarter. Teachers Advisors LLC now owns 114,881 shares of the shipping company’s stock valued at $774,000 after buying an additional 7,266 shares during the period. Finally, Swiss National Bank boosted its position in Frontline by 8.6% in the first quarter. Swiss National Bank now owns 126,219 shares of the shipping company’s stock valued at $845,000 after buying an additional 10,000 shares during the period. Institutional investors and hedge funds own 10.90% of the company’s stock.

Frontline (FRO) traded down 0.34% during midday trading on Monday, reaching $5.88. 116,345 shares of the company traded hands. The firm has a 50-day moving average of $5.73 and a 200-day moving average of $6.51. The stock has a market capitalization of $998.48 million, a P/E ratio of 15.35 and a beta of 1.97. Frontline has a 1-year low of $5.35 and a 1-year high of $8.90.

Frontline (NYSE:FRO) last issued its earnings results on Tuesday, May 30th. The shipping company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. Frontline had a return on equity of 8.76% and a net margin of 9.25%. The company had revenue of $121.94 million during the quarter, compared to the consensus estimate of $103.70 million. On average, analysts predict that Frontline will post $0.05 earnings per share for the current year.

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Frontline Company Profile

Analyst Recommendations for Frontline (NYSE:FRO)

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