Ship Finance International Limited (SFL) Receives Consensus Recommendation of “Hold” from Brokerages

Ship Finance International Limited (NYSE:SFL) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.00.

SFL has been the topic of several research reports. Zacks Investment Research lowered shares of Ship Finance International from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Clarkson Capital upgraded shares of Ship Finance International from a “neutral” rating to a “buy” rating in a report on Tuesday, October 17th. Jefferies Group assumed coverage on shares of Ship Finance International in a report on Monday, December 18th. They issued a “hold” rating and a $15.00 target price on the stock. Finally, Goldman Sachs Group lowered shares of Ship Finance International from a “neutral” rating to a “sell” rating in a report on Wednesday.

Shares of Ship Finance International (SFL) traded down $0.20 during trading on Wednesday, hitting $15.50. 915,700 shares of the company traded hands, compared to its average volume of 658,730. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $1,570.00, a PE ratio of 15.66 and a beta of 1.41. Ship Finance International has a one year low of $12.30 and a one year high of $16.10.

Ship Finance International (NYSE:SFL) last issued its quarterly earnings results on Wednesday, November 22nd. The shipping company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. The business had revenue of $93.67 million for the quarter, compared to analysts’ expectations of $97.50 million. Ship Finance International had a net margin of 28.66% and a return on equity of 11.02%. equities research analysts anticipate that Ship Finance International will post 1.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 11th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 9.03%. The ex-dividend date of this dividend was Friday, December 8th. Ship Finance International’s payout ratio is 141.41%.

A number of hedge funds have recently modified their holdings of SFL. Raymond James Financial Services Advisors Inc. bought a new position in shares of Ship Finance International during the 2nd quarter valued at approximately $145,000. Stifel Financial Corp boosted its holdings in Ship Finance International by 2.1% in the 2nd quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock worth $150,000 after buying an additional 226 shares during the period. Principal Financial Group Inc. bought a new position in Ship Finance International in the 3rd quarter worth approximately $154,000. BB&T Securities LLC bought a new position in Ship Finance International in the 3rd quarter worth approximately $172,000. Finally, QS Investors LLC bought a new position in Ship Finance International in the 2nd quarter worth approximately $174,000. 30.73% of the stock is owned by institutional investors and hedge funds.

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About Ship Finance International

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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