Ship Finance International (SFL) Receives Consensus Rating of “Hold” from Analysts

Shares of Ship Finance International (NYSE:SFL) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $14.75.

A number of research firms have recently commented on SFL. ValuEngine cut Ship Finance International from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research upgraded Ship Finance International from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 15th. Finally, Morgan Stanley lifted their target price on Ship Finance International from $13.50 to $14.50 and gave the stock an “equal weight” rating in a research report on Monday, February 12th.

SFL opened at $14.45 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.91 and a current ratio of 0.92. Ship Finance International has a one year low of $12.30 and a one year high of $15.98. The stock has a market cap of $1.48 billion, a PE ratio of 12.14 and a beta of 1.34.

Ship Finance International (NYSE:SFL) last posted its earnings results on Tuesday, February 27th. The shipping company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01). Ship Finance International had a return on equity of 10.08% and a net margin of 26.57%. The firm had revenue of $96.10 million for the quarter, compared to analyst estimates of $96.88 million. equities research analysts anticipate that Ship Finance International will post 0.89 EPS for the current year.

A number of hedge funds have recently modified their holdings of SFL. Nisa Investment Advisors LLC increased its position in Ship Finance International by 23.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 43,200 shares of the shipping company’s stock valued at $670,000 after acquiring an additional 8,200 shares during the period. Schwab Charles Investment Management Inc. increased its position in Ship Finance International by 4.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 299,488 shares of the shipping company’s stock valued at $4,643,000 after acquiring an additional 11,717 shares during the period. Bowling Portfolio Management LLC increased its position in Ship Finance International by 112.4% in the 4th quarter. Bowling Portfolio Management LLC now owns 80,770 shares of the shipping company’s stock valued at $1,252,000 after acquiring an additional 42,742 shares during the period. SG Americas Securities LLC increased its position in Ship Finance International by 54.5% in the 4th quarter. SG Americas Securities LLC now owns 19,922 shares of the shipping company’s stock valued at $309,000 after acquiring an additional 7,031 shares during the period. Finally, Parametrica Management Ltd increased its position in Ship Finance International by 91.0% in the 4th quarter. Parametrica Management Ltd now owns 41,446 shares of the shipping company’s stock valued at $642,000 after acquiring an additional 19,746 shares during the period. Hedge funds and other institutional investors own 28.57% of the company’s stock.

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 supply vessels.

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