Analysts Set $27.33 Target Price for International Seaways Inc (INSW)
International Seaways Inc (NYSE:INSW) has been given a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.
Analysts have set a 1 year consensus target price of $27.33 for the company and are forecasting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given International Seaways an industry rank of 235 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded shares of International Seaways from a “hold” rating to a “strong sell” rating in a report on Friday, October 20th.
Shares of International Seaways (NYSE INSW) traded down $0.12 during midday trading on Thursday, reaching $19.00. 101,700 shares of the company’s stock were exchanged, compared to its average volume of 167,200. International Seaways has a 52 week low of $14.45 and a 52 week high of $23.43. The company has a quick ratio of 3.74, a current ratio of 3.78 and a debt-to-equity ratio of 0.44. The firm has a market cap of $556.20 and a P/E ratio of -7.57.
TRADEMARK VIOLATION WARNING: This news story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/04/analysts-set-27-33-target-price-for-international-seaways-inc-insw.html.
About International Seaways
International Seaways, Inc and its subsidiaries own and operate a fleet of oceangoing vessels. The Company’s oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The Company’s segments are International Crude Tankers and International Product Carriers.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for International Seaways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Seaways and related companies with MarketBeat.com's FREE daily email newsletter.