Ship Finance International (SFL) PT Raised to $14.50

Ship Finance International (NYSE:SFL) had its price target increased by stock analysts at Morgan Stanley from $13.50 to $14.50 in a research report issued on Monday. The firm presently has an “equal weight” rating on the shipping company’s stock. Morgan Stanley’s price objective suggests a potential downside of 1.83% from the stock’s previous close.

Several other equities research analysts have also commented on SFL. Clarkson Capital upgraded Ship Finance International from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research upgraded Ship Finance International from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Friday, November 3rd. Jefferies Group initiated coverage on Ship Finance International in a research note on Monday, December 18th. They set a “hold” rating and a $15.00 price target for the company. Finally, Goldman Sachs Group lowered Ship Finance International from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Ship Finance International presently has an average rating of “Hold” and an average target price of $15.50.

Shares of Ship Finance International (NYSE SFL) traded up $0.22 during trading hours on Monday, reaching $14.77. The company’s stock had a trading volume of 63,840 shares, compared to its average volume of 577,668. The firm has a market capitalization of $1,500.00, a price-to-earnings ratio of 14.92 and a beta of 1.37. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.82 and a quick ratio of 0.82. Ship Finance International has a 12 month low of $12.30 and a 12 month high of $15.98.

Ship Finance International (NYSE:SFL) last announced its quarterly earnings results on Wednesday, November 22nd. The shipping company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The company had revenue of $93.67 million during the quarter, compared to analyst estimates of $97.50 million. Ship Finance International had a return on equity of 11.02% and a net margin of 28.66%. research analysts predict that Ship Finance International will post 1.22 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. Nwam LLC grew its stake in shares of Ship Finance International by 0.7% in the second quarter. Nwam LLC now owns 14,206 shares of the shipping company’s stock valued at $209,000 after buying an additional 99 shares in the last quarter. Geneva Advisors LLC grew its stake in shares of Ship Finance International by 1.4% in the first quarter. Geneva Advisors LLC now owns 12,335 shares of the shipping company’s stock valued at $181,000 after buying an additional 176 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Ship Finance International by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 45,661 shares of the shipping company’s stock valued at $621,000 after buying an additional 196 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Ship Finance International by 2.1% in the second quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock valued at $150,000 after buying an additional 226 shares in the last quarter. Finally, Arete Wealth Advisors LLC grew its stake in shares of Ship Finance International by 2.4% in the first quarter. Arete Wealth Advisors LLC now owns 11,317 shares of the shipping company’s stock valued at $157,000 after buying an additional 267 shares in the last quarter. Institutional investors and hedge funds own 31.01% of the company’s stock.

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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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