International Seaways Inc (NYSE:INSW) has earned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus price target of $26.67 for the company and are forecasting that the company will post ($0.31) EPS for the current quarter, according to Zacks. Zacks has also given International Seaways an industry rank of 244 out of 265 based on the ratings given to its competitors.
INSW has been the subject of several research reports. Pareto Securities initiated coverage on shares of International Seaways in a research report on Tuesday, January 16th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of International Seaways from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, ValuEngine cut shares of International Seaways from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd.
Large investors have recently bought and sold shares of the stock. Macquarie Group Ltd. purchased a new stake in International Seaways during the third quarter valued at approximately $199,000. Voya Investment Management LLC purchased a new stake in International Seaways during the second quarter valued at approximately $292,000. Cubist Systematic Strategies LLC purchased a new stake in International Seaways during the third quarter valued at approximately $325,000. The Manufacturers Life Insurance Company lifted its position in International Seaways by 93.1% during the second quarter. The Manufacturers Life Insurance Company now owns 22,930 shares of the transportation company’s stock valued at $497,000 after acquiring an additional 11,054 shares during the last quarter. Finally, Swiss National Bank purchased a new stake in International Seaways during the second quarter valued at approximately $527,000. 82.99% of the stock is owned by institutional investors.
Shares of International Seaways (INSW) opened at $16.78 on Monday. International Seaways has a 52-week low of $15.23 and a 52-week high of $23.43. The firm has a market cap of $488.13, a P/E ratio of -6.69 and a beta of -1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.78 and a quick ratio of 3.74.
International Seaways Company Profile
International Seaways, Inc and its subsidiaries own and operate a fleet of oceangoing vessels. The Company’s oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The Company’s segments are International Crude Tankers and International Product Carriers.
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