Ship Finance International Limited (NYSE:SFL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

According to Zacks, “Ship Finance is a major shipowning company. Including newbuildings, Ship Finance owns a fleet consisting of vessels, including crude oil tankers (VLCC and Suezmax), oil/bulk/ore vessels, container vessels, dry bulk carriers, jack-up drilling rigs and seismic vessels. The fleet is one of the largest in the world and most of the vessels are employed on medium- or long-term charters. “

Several other analysts have also commented on SFL. BidaskClub raised shares of Ship Finance International Limited from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Jefferies Group LLC raised shares of Ship Finance International Limited to a “hold” rating and set a $15.00 price target on the stock in a research report on Monday, June 5th. Finally, ValuEngine lowered shares of Ship Finance International Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.67.

Ship Finance International Limited (NYSE:SFL) opened at 13.90 on Tuesday. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 10.07 and a beta of 1.38. Ship Finance International Limited has a 52 week low of $12.07 and a 52 week high of $16.10. The company has a 50-day moving average of $13.19 and a 200-day moving average of $14.06.

Ship Finance International Limited (NYSE:SFL) last released its quarterly earnings results on Tuesday, May 30th. The shipping company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. Ship Finance International Limited had a net margin of 33.62% and a return on equity of 12.65%. The business had revenue of $96.88 million for the quarter, compared to analysts’ expectations of $102.70 million. On average, equities analysts forecast that Ship Finance International Limited will post $1.06 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of SFL. Raymond James Trust N.A. boosted its position in Ship Finance International Limited by 15.6% in the first quarter. Raymond James Trust N.A. now owns 18,500 shares of the shipping company’s stock worth $272,000 after buying an additional 2,500 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Ship Finance International Limited by 1.7% in the first quarter. Advisors Asset Management Inc. now owns 177,563 shares of the shipping company’s stock worth $2,610,000 after buying an additional 3,019 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Ship Finance International Limited by 6.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 49,149 shares of the shipping company’s stock worth $722,000 after buying an additional 3,016 shares in the last quarter. Norges Bank bought a new position in Ship Finance International Limited during the fourth quarter worth approximately $1,697,000. Finally, Oxford Asset Management bought a new position in Ship Finance International Limited during the first quarter worth approximately $1,513,000. 26.31% of the stock is owned by institutional investors.

Ship Finance International Limited Company Profile

Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.

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