Shares of Ship Finance International Limited (NYSE:SFL) have been given an average rating of “Hold” by the seven brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $14.75.
Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Ship Finance International from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 15th. Morgan Stanley increased their target price on shares of Ship Finance International from $13.50 to $14.50 and gave the stock an “equal weight” rating in a research note on Monday, February 12th. Goldman Sachs Group lowered shares of Ship Finance International from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 17th. Finally, Jefferies Group assumed coverage on shares of Ship Finance International in a research note on Monday, December 18th. They set a “hold” rating and a $15.00 target price on the stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Trexquant Investment LP acquired a new position in Ship Finance International during the third quarter worth $741,000. Wells Fargo & Company MN raised its holdings in Ship Finance International by 6.3% during the third quarter. Wells Fargo & Company MN now owns 177,532 shares of the shipping company’s stock worth $2,574,000 after buying an additional 10,593 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Ship Finance International during the fourth quarter worth $365,000. Goldman Sachs Group Inc. raised its holdings in Ship Finance International by 16.9% during the second quarter. Goldman Sachs Group Inc. now owns 47,488 shares of the shipping company’s stock worth $646,000 after buying an additional 6,863 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in Ship Finance International by 9.0% during the second quarter. Parametric Portfolio Associates LLC now owns 87,463 shares of the shipping company’s stock worth $1,189,000 after buying an additional 7,193 shares during the last quarter. Hedge funds and other institutional investors own 34.07% of the company’s stock.
Ship Finance International (NYSE:SFL) last issued its earnings results on Tuesday, February 27th. The shipping company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). The company had revenue of $96.10 million for the quarter, compared to the consensus estimate of $96.88 million. Ship Finance International had a return on equity of 10.08% and a net margin of 26.57%. equities analysts anticipate that Ship Finance International will post 0.92 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Monday, March 19th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, March 16th. This represents a $1.40 annualized dividend and a yield of 9.46%. Ship Finance International’s payout ratio is 129.63%.
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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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