SFL (NYSE:SFL) Stock Rating Lowered by Wall Street Zen

SFL (NYSE:SFL) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.

Several other analysts have also issued reports on SFL. Weiss Ratings reiterated a “sell (d+)” rating on shares of SFL in a report on Monday, December 8th. BTIG Research boosted their target price on shares of SFL from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.00.

SFL Price Performance

SFL stock opened at $7.75 on Friday. The firm has a 50-day moving average of $7.69 and a two-hundred day moving average of $8.27. SFL has a one year low of $6.73 and a one year high of $11.14. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $1.13 billion, a PE ratio of -774.50 and a beta of 0.45.

SFL (NYSE:SFL) last posted its quarterly earnings data on Wednesday, November 12th. The shipping company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.08. The firm had revenue of $178.21 million for the quarter, compared to analysts’ expectations of $172.45 million. SFL had a negative net margin of 0.20% and a positive return on equity of 3.05%. The company’s quarterly revenue was down 30.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS.

Hedge Funds Weigh In On SFL

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of SFL by 8.2% in the fourth quarter. Brighton Jones LLC now owns 19,395 shares of the shipping company’s stock valued at $198,000 after buying an additional 1,474 shares during the last quarter. Nuveen LLC acquired a new stake in SFL in the 1st quarter valued at about $4,172,000. Baird Financial Group Inc. raised its stake in shares of SFL by 26.2% in the first quarter. Baird Financial Group Inc. now owns 146,496 shares of the shipping company’s stock worth $1,201,000 after acquiring an additional 30,417 shares during the last quarter. Calton & Associates Inc. acquired a new position in shares of SFL during the first quarter worth approximately $108,000. Finally, Quarry LP boosted its position in SFL by 183.6% in the 1st quarter. Quarry LP now owns 3,706 shares of the shipping company’s stock valued at $30,000 after buying an additional 2,399 shares during the last quarter. Institutional investors and hedge funds own 28.59% of the company’s stock.

About SFL

SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, chemical transportation, oil products transportation, container transportation, car transportation, and drilling rigs.