Frontline Ltd. (NYSE:FRO) has received an average recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $5.50.

A number of equities analysts have weighed in on FRO shares. Zacks Investment Research downgraded shares of Frontline from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Seaport Global Securities set a $7.00 price target on shares of Frontline and gave the stock a “buy” rating in a research note on Thursday, January 4th.

Shares of Frontline (FRO) traded up $0.16 during midday trading on Monday, hitting $5.06. Frontline has a 52-week low of $4.47 and a 52-week high of $7.32. The firm has a market capitalization of $6,700.00, a P/E ratio of 33.73 and a beta of 1.88. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.22.

Frontline (NYSE:FRO) last announced its earnings results on Wednesday, November 22nd. The shipping company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.01). Frontline had a return on equity of 1.70% and a net margin of 0.29%. sell-side analysts forecast that Frontline will post -0.14 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Voya Investment Management LLC raised its stake in shares of Frontline by 24.4% during the second quarter. Voya Investment Management LLC now owns 32,821 shares of the shipping company’s stock worth $188,000 after buying an additional 6,432 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Frontline by 17.6% during the second quarter. The Manufacturers Life Insurance Company now owns 59,870 shares of the shipping company’s stock worth $343,000 after buying an additional 8,958 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Frontline by 13.6% during the second quarter. Rhumbline Advisers now owns 89,914 shares of the shipping company’s stock worth $515,000 after buying an additional 10,774 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Frontline by 110.6% during the third quarter. Legal & General Group Plc now owns 33,815 shares of the shipping company’s stock worth $204,000 after buying an additional 17,759 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Frontline by 7.7% during the second quarter. Bank of New York Mellon Corp now owns 257,954 shares of the shipping company’s stock worth $1,479,000 after buying an additional 18,354 shares during the last quarter. 13.23% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/15/frontline-ltd-fro-receives-consensus-rating-of-hold-from-analysts.html.

Frontline Company Profile

Receive News & Ratings for Frontline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontline and related companies with MarketBeat.com's FREE daily email newsletter.