Shares of Frontline Ltd. (NYSE:FRO) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $6.00.

FRO has been the subject of several analyst reports. ValuEngine upgraded Frontline from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. BidaskClub upgraded Frontline from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Seaport Global Securities upgraded Frontline from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a report on Wednesday, May 31st. Zacks Investment Research downgraded Frontline from a “hold” rating to a “sell” rating in a report on Wednesday, May 31st. Finally, Evercore ISI downgraded Frontline from an “in-line” rating to an “underperform” rating and cut their price target for the company from $6.00 to $4.00 in a report on Friday, July 21st.

Frontline (NYSE:FRO) traded up 0.805% during midday trading on Tuesday, hitting $5.635. The stock had a trading volume of 130,450 shares. The firm has a market cap of $956.87 million, a P/E ratio of 14.713 and a beta of 2.04. Frontline has a 12-month low of $4.87 and a 12-month high of $8.05. The stock has a 50-day moving average price of $5.45 and a 200 day moving average price of $6.10.

Frontline (NYSE:FRO) last issued its quarterly earnings data on Wednesday, August 30th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.05). Frontline had a return on equity of 4.41% and a net margin of 4.74%. The company had revenue of $89.99 million for the quarter, compared to analyst estimates of $86.55 million. On average, equities analysts anticipate that Frontline will post ($0.05) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in FRO. Evermore Global Advisors LLC grew its stake in shares of Frontline by 50.4% during the 2nd quarter. Evermore Global Advisors LLC now owns 3,866,992 shares of the shipping company’s stock valued at $22,158,000 after buying an additional 1,295,829 shares during the period. Northern Trust Corp grew its stake in shares of Frontline by 197.8% during the 2nd quarter. Northern Trust Corp now owns 1,795,843 shares of the shipping company’s stock valued at $10,290,000 after buying an additional 1,192,899 shares during the period. Lingohr & Partner Asset Management GmbH grew its stake in shares of Frontline by 38.1% during the 1st quarter. Lingohr & Partner Asset Management GmbH now owns 1,666,000 shares of the shipping company’s stock valued at $11,229,000 after buying an additional 460,019 shares during the period. Boston Partners purchased a new stake in shares of Frontline during the 1st quarter valued at $2,231,000. Finally, State Street Corp grew its stake in shares of Frontline by 18.1% during the 2nd quarter. State Street Corp now owns 1,282,370 shares of the shipping company’s stock valued at $7,351,000 after buying an additional 196,952 shares during the period. 12.35% of the stock is owned by institutional investors.

Frontline Company Profile

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