Ship Finance International (NYSE:SFL) Given a $14.00 Price Target at B. Riley

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B. Riley set a $14.00 price target on Ship Finance International (NYSE:SFL) in a research report report published on Wednesday, TipRanks reports. The brokerage currently has a hold rating on the shipping company’s stock. B. Riley also issued estimates for Ship Finance International’s Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.17 EPS and FY2020 earnings at $0.79 EPS.

SFL has been the subject of several other research reports. Zacks Investment Research raised Ship Finance International from a hold rating to a buy rating and set a $15.00 price target for the company in a research note on Wednesday, July 31st. ValuEngine raised Ship Finance International from a sell rating to a hold rating in a research note on Friday, July 26th. Finally, TheStreet downgraded Ship Finance International from a b- rating to a c+ rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $13.33.

Ship Finance International stock opened at $13.96 on Wednesday. Ship Finance International has a one year low of $10.31 and a one year high of $14.80. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.29 and a current ratio of 1.32. The business has a fifty day moving average of $12.92 and a two-hundred day moving average of $12.63. The company has a market cap of $1.67 billion, a P/E ratio of 13.55 and a beta of 1.28.

Ship Finance International (NYSE:SFL) last released its earnings results on Tuesday, May 21st. The shipping company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Ship Finance International had a return on equity of 8.86% and a net margin of 20.77%. The company had revenue of $116.54 million during the quarter, compared to the consensus estimate of $116.35 million. During the same quarter last year, the company earned $0.24 earnings per share. Sell-side analysts predict that Ship Finance International will post 0.83 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 10.03%. The ex-dividend date of this dividend is Wednesday, September 11th. Ship Finance International’s dividend payout ratio (DPR) is presently 135.92%.

Large investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. raised its stake in Ship Finance International by 6.1% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,231 shares of the shipping company’s stock valued at $253,000 after purchasing an additional 1,164 shares during the last quarter. Advisory Services Network LLC raised its stake in Ship Finance International by 3.2% in the 1st quarter. Advisory Services Network LLC now owns 38,348 shares of the shipping company’s stock valued at $473,000 after purchasing an additional 1,191 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Ship Finance International by 3.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 42,508 shares of the shipping company’s stock valued at $532,000 after purchasing an additional 1,305 shares during the last quarter. Advisor Group Inc. raised its stake in Ship Finance International by 7.2% in the 2nd quarter. Advisor Group Inc. now owns 21,296 shares of the shipping company’s stock valued at $268,000 after purchasing an additional 1,438 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Ship Finance International by 7.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 24,727 shares of the shipping company’s stock valued at $309,000 after purchasing an additional 1,638 shares during the last quarter. 29.31% of the stock is owned by institutional investors and hedge funds.

Ship Finance International Company Profile

Ship Finance International Ltd. engages in the ownership and operation of vessels and offshore related assets. It also involves in the charter, purchase, and sale of assets. Its assets include oil tankers, dry bulk carriers, container vessels, car carriers, jack-up drilling rig, ultra-deepwater drilling units, offshore supply vessels, and chemical tankers.

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Analyst Recommendations for Ship Finance International (NYSE:SFL)

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