Frontline Ltd. (NYSE:FRO) has received an average rating of “Hold” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $7.28.
Several research analysts have recently issued reports on the stock. HC Wainwright assumed coverage on shares of Frontline in a research note on Monday, March 29th. They issued a “neutral” rating and a $8.00 target price on the stock. Zacks Investment Research raised shares of Frontline from a “sell” rating to a “hold” rating in a report on Wednesday, March 31st. Jefferies Financial Group reissued a “hold” rating and set a $8.00 price objective on shares of Frontline in a report on Monday, March 1st. Finally, Kepler Capital Markets reissued a “buy” rating on shares of Frontline in a report on Sunday, February 21st.
Shares of FRO opened at $7.66 on Monday. The firm’s 50-day moving average price is $7.40 and its 200-day moving average price is $6.66. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 2.85 and a beta of 0.47. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.23. Frontline has a 1-year low of $5.28 and a 1-year high of $11.95.
Hedge funds have recently added to or reduced their stakes in the business. tru Independence LLC bought a new position in Frontline during the fourth quarter valued at $18,660,000. Advisory Services Network LLC increased its stake in Frontline by 2,793.8% in the 4th quarter. Advisory Services Network LLC now owns 10,678 shares of the shipping company’s stock worth $66,000 after buying an additional 10,309 shares during the period. Sowell Financial Services LLC increased its stake in Frontline by 35.8% in the 4th quarter. Sowell Financial Services LLC now owns 17,062 shares of the shipping company’s stock worth $106,000 after buying an additional 4,500 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in Frontline by 196.2% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 18,384 shares of the shipping company’s stock worth $114,000 after buying an additional 12,178 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Frontline in the 4th quarter worth about $148,000. Institutional investors and hedge funds own 21.85% of the company’s stock.
Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2020, the company operated a fleet of 68 vessels. It is also involved in the charter, purchase, and sale of vessels. Frontline Ltd.
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