Shares of Ship Finance International Ltd. (NYSE:SFL) have been assigned an average broker rating score of 3.00 (Hold) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold rating.
Brokers have set a 12-month consensus target price of $15.00 for the company and are predicting that the company will post $0.42 EPS for the current quarter, according to Zacks. Zacks has also given Ship Finance International an industry rank of 224 out of 265 based on the ratings given to related companies.
A number of analysts have weighed in on SFL shares. Jefferies Group set a $15.00 price target on Ship Finance International and gave the company a “hold” rating in a research note on Wednesday, July 27th. Clarkson Capital restated a “neutral” rating on shares of Ship Finance International in a research note on Friday, June 17th. Seaport Global Securities started coverage on Ship Finance International in a research note on Monday, August 22nd. They issued a “neutral” rating and a $16.00 price target on the stock. Finally, Zacks Investment Research upgraded Ship Finance International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 17th.
Several hedge funds have recently bought and sold shares of SFL. Vanguard Group Inc. boosted its stake in Ship Finance International by 48.2% in the second quarter. Vanguard Group Inc. now owns 2,607,038 shares of the company’s stock worth $38,427,000 after buying an additional 847,349 shares during the period. LSV Asset Management boosted its stake in Ship Finance International by 94.0% in the second quarter. LSV Asset Management now owns 2,327,643 shares of the company’s stock worth $34,309,000 after buying an additional 1,128,079 shares during the period. BlackRock Fund Advisors boosted its stake in Ship Finance International by 2.6% in the second quarter. BlackRock Fund Advisors now owns 1,394,878 shares of the company’s stock worth $20,561,000 after buying an additional 35,717 shares during the period. Allianz Asset Management AG boosted its stake in Ship Finance International by 32.0% in the second quarter. Allianz Asset Management AG now owns 895,328 shares of the company’s stock worth $13,198,000 after buying an additional 217,111 shares during the period. Finally, LVM Capital Management Ltd. MI boosted its stake in Ship Finance International by 1.1% in the second quarter. LVM Capital Management Ltd. MI now owns 592,941 shares of the company’s stock worth $8,740,000 after buying an additional 6,575 shares during the period. Institutional investors and hedge funds own 30.05% of the company’s stock.
Shares of Ship Finance International (NYSE:SFL) opened at 14.69 on Wednesday. The stock has a 50 day moving average price of $15.15 and a 200-day moving average price of $14.82. The stock has a market cap of $1.37 billion, a P/E ratio of 8.58 and a beta of 1.37. Ship Finance International has a 52 week low of $9.83 and a 52 week high of $17.80.
Ship Finance International (NYSE:SFL) last released its earnings results on Wednesday, August 24th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.09. Ship Finance International had a net margin of 41.55% and a return on equity of 17.86%. Equities analysts predict that Ship Finance International will post $1.97 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Monday, September 12th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 12.25%. The ex-dividend date is Thursday, September 8th. Ship Finance International’s dividend payout ratio (DPR) is currently 90.45%.
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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