Ship Finance International Limited (NYSE:SFL) has been given an average recommendation of “Hold” by the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $14.33.
A number of research firms have issued reports on SFL. B. Riley set a $14.00 price target on Ship Finance International and gave the company a “hold” rating in a research report on Thursday, March 7th. Zacks Investment Research downgraded Ship Finance International from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 1st. Pareto Securities raised Ship Finance International from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. Finally, Citigroup assumed coverage on Ship Finance International in a research report on Thursday, December 27th. They issued a “neutral” rating and a $11.00 target price for the company.
Large investors have recently added to or reduced their stakes in the stock. M&T Bank Corp lifted its stake in shares of Ship Finance International by 50.0% in the fourth quarter. M&T Bank Corp now owns 18,000 shares of the shipping company’s stock worth $190,000 after acquiring an additional 6,000 shares in the last quarter. Camarda Financial Advisors LLC acquired a new position in shares of Ship Finance International in the fourth quarter worth about $1,672,000. Prudential Financial Inc. lifted its stake in shares of Ship Finance International by 13.7% in the fourth quarter. Prudential Financial Inc. now owns 661,728 shares of the shipping company’s stock worth $6,968,000 after acquiring an additional 79,799 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Ship Finance International by 3.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 70,150 shares of the shipping company’s stock worth $739,000 after acquiring an additional 2,050 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Ship Finance International by 14.9% in the fourth quarter. California Public Employees Retirement System now owns 228,341 shares of the shipping company’s stock worth $2,404,000 after acquiring an additional 29,643 shares in the last quarter. Institutional investors and hedge funds own 28.98% of the company’s stock.
Ship Finance International (NYSE:SFL) last posted its quarterly earnings results on Tuesday, February 26th. The shipping company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.19). Ship Finance International had a net margin of 17.58% and a return on equity of 8.92%. The firm had revenue of $118.57 million for the quarter, compared to analysts’ expectations of $123.35 million. Equities analysts forecast that Ship Finance International will post 1.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 12th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 11.01%. The ex-dividend date of this dividend was Monday, March 11th. Ship Finance International’s payout ratio is 135.92%.
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 support vessels.
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