Ship Finance International Limited (NYSE:SFL) has been assigned an average rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $15.83.
SFL has been the subject of a number of research analyst reports. Zacks Investment Research cut Ship Finance International from a “hold” rating to a “sell” rating in a report on Saturday, August 25th. TheStreet cut Ship Finance International from a “b” rating to a “c+” rating in a report on Thursday, August 23rd. Nordea Equity Research upgraded Ship Finance International from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. ValuEngine cut Ship Finance International from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. Finally, UBS Group upgraded Ship Finance International from a “sell” rating to a “buy” rating in a report on Thursday, November 29th.
Shares of Ship Finance International stock opened at $12.75 on Friday. Ship Finance International has a 12 month low of $11.50 and a 12 month high of $15.98. The stock has a market cap of $1.57 billion, a P/E ratio of 10.71 and a beta of 1.21. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.61 and a quick ratio of 0.61.
Ship Finance International (NYSE:SFL) last announced its earnings results on Tuesday, November 20th. The shipping company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Ship Finance International had a return on equity of 9.68% and a net margin of 22.77%. The company had revenue of $111.00 million during the quarter, compared to analysts’ expectations of $114.96 million. During the same period last year, the business posted $0.31 EPS. Ship Finance International’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, equities analysts expect that Ship Finance International will post 0.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Wednesday, December 12th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 10.98%. The ex-dividend date is Tuesday, December 11th. Ship Finance International’s dividend payout ratio (DPR) is 117.65%.
Institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. purchased a new position in shares of Ship Finance International in the 3rd quarter valued at about $115,000. Amalgamated Bank purchased a new position in shares of Ship Finance International in the 2nd quarter valued at about $169,000. Jane Street Group LLC purchased a new position in shares of Ship Finance International in the 3rd quarter valued at about $208,000. Trilogy Capital Inc. purchased a new position in shares of Ship Finance International in the 2nd quarter valued at about $219,000. Finally, MML Investors Services LLC boosted its stake in shares of Ship Finance International by 37.9% in the 3rd quarter. MML Investors Services LLC now owns 17,723 shares of the shipping company’s stock valued at $246,000 after buying an additional 4,868 shares during the period. Institutional investors own 29.20% of the company’s stock.
Ship Finance International Company Profile
Ship Finance International Limited owns and operates vessels and offshore related assets primarily in Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. It is also involved in the charter, purchase, and sale of assets. In addition, the company operates in various sectors of the shipping and offshore industry, including oil transportation, dry bulk shipments, chemical transportation, oil product transportation, container transportation, car transportation, drilling rigs, and offshore supply vessels.
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