Frontline Ltd. (NYSE:FRO) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Other equities analysts also recently issued reports about the company. ValuEngine upgraded Frontline from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Seaport Global Securities upgraded Frontline from a “neutral” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Wednesday, May 31st. Zacks Investment Research upgraded Frontline from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. Credit Suisse Group lowered their target price on Frontline from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, May 31st. Finally, Evercore ISI lowered Frontline from an “in-line” rating to an “underperform” rating and lowered their target price for the company from $6.00 to $4.00 in a research note on Friday, July 21st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $6.25.

Frontline (FRO) traded up 4.66% on Friday, reaching $5.62. 349,176 shares of the company’s stock were exchanged. The firm has a market cap of $954.33 million, a PE ratio of 14.67 and a beta of 1.97. Frontline has a one year low of $5.00 and a one year high of $8.22. The firm has a 50 day moving average price of $5.65 and a 200 day moving average price of $6.21.

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

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Several large investors have recently bought and sold shares of FRO. Evermore Global Advisors LLC raised its stake in Frontline by 50.4% in the second quarter. Evermore Global Advisors LLC now owns 3,866,992 shares of the shipping company’s stock worth $22,158,000 after buying an additional 1,295,829 shares during the period. Northern Trust Corp raised its stake in Frontline by 197.8% in the second quarter. Northern Trust Corp now owns 1,795,843 shares of the shipping company’s stock worth $10,290,000 after buying an additional 1,192,899 shares during the period. Lingohr & Partner Asset Management GmbH raised its stake in Frontline by 38.1% in the first quarter. Lingohr & Partner Asset Management GmbH now owns 1,666,000 shares of the shipping company’s stock worth $11,229,000 after buying an additional 460,019 shares during the period. State Street Corp raised its stake in Frontline by 18.1% in the second quarter. State Street Corp now owns 1,282,370 shares of the shipping company’s stock worth $7,351,000 after buying an additional 196,952 shares during the period. Finally, Cipher Capital LP raised its stake in Frontline by 24.9% in the second quarter. Cipher Capital LP now owns 500,614 shares of the shipping company’s stock worth $2,868,000 after buying an additional 99,785 shares during the period. Institutional investors and hedge funds own 11.57% of the company’s stock.

About Frontline

Analyst Recommendations for Frontline (NYSE:FRO)

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