BidaskClub upgraded shares of Frontline Ltd. (NYSE:FRO) from a sell rating to a hold rating in a research report report published on Wednesday, July 19th.
Other research analysts have also recently issued reports about the stock. ValuEngine raised shares of Frontline from a hold rating to a buy rating in a report on Saturday, July 8th. Seaport Global Securities raised shares of Frontline from a neutral rating to a buy rating and set a $8.00 price target for the company in a report on Wednesday, May 31st. Zacks Investment Research raised shares of Frontline from a sell rating to a hold rating in a report on Thursday, May 11th. Finally, Credit Suisse Group cut their price target on shares of Frontline from $8.00 to $6.00 and set a neutral rating for the company in a report on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $6.25.
Shares of Frontline (NYSE:FRO) opened at 5.54 on Wednesday. The firm has a market capitalization of $940.74 million, a PE ratio of 14.46 and a beta of 1.97. Frontline has a 52-week low of $5.35 and a 52-week high of $8.90. The stock’s 50 day moving average price is $5.76 and its 200-day moving average price is $6.41.
Frontline (NYSE:FRO) last posted its quarterly earnings results on Tuesday, May 30th. The shipping company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $121.94 million during the quarter, compared to analysts’ expectations of $103.70 million. Frontline had a net margin of 9.25% and a return on equity of 8.76%. Equities research analysts anticipate that Frontline will post $0.05 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp bought a new position in shares of Frontline during the first quarter valued at $101,000. Legal & General Group Plc raised its position in shares of Frontline by 3.8% in the first quarter. Legal & General Group Plc now owns 16,056 shares of the shipping company’s stock valued at $108,000 after buying an additional 581 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Frontline by 426.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,564 shares of the shipping company’s stock valued at $112,000 after buying an additional 13,420 shares during the last quarter. Aperio Group LLC bought a new position in shares of Frontline during the second quarter valued at $124,000. Finally, KCG Holdings Inc. raised its position in shares of Frontline by 40.3% in the first quarter. KCG Holdings Inc. now owns 25,073 shares of the shipping company’s stock valued at $169,000 after buying an additional 7,205 shares during the last quarter. Institutional investors own 10.92% of the company’s stock.
Frontline Company Profile
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