Frontline (NYSE:FRO – Get Rating) had its price objective boosted by HC Wainwright from $8.00 to $10.00 in a report issued on Wednesday, The Fly reports. HC Wainwright currently has a neutral rating on the shipping company’s stock.
A number of other equities research analysts also recently issued reports on FRO. Jefferies Financial Group started coverage on shares of Frontline in a research note on Wednesday, April 27th. They set a hold rating on the stock. StockNews.com started coverage on shares of Frontline in a research note on Thursday, March 31st. They issued a sell rating on the stock. Finally, Zacks Investment Research downgraded shares of Frontline from a buy rating to a hold rating in a research note on Wednesday, May 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $9.93.
NYSE:FRO opened at $11.43 on Wednesday. Frontline has a 52 week low of $6.10 and a 52 week high of $11.57. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of -228.60 and a beta of 0.10. The firm’s 50-day simple moving average is $8.85 and its 200 day simple moving average is $8.00. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.86 and a current ratio of 1.14.
Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its position in Frontline by 81.3% during the 3rd quarter. Goldman Sachs Group Inc. now owns 801,602 shares of the shipping company’s stock worth $7,511,000 after buying an additional 359,494 shares during the period. Corient Capital Partners LLC boosted its position in Frontline by 10.8% during the 3rd quarter. Corient Capital Partners LLC now owns 85,291 shares of the shipping company’s stock worth $799,000 after buying an additional 8,299 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in Frontline by 21.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 165,250 shares of the shipping company’s stock worth $1,168,000 after buying an additional 28,960 shares during the period. AlphaCrest Capital Management LLC acquired a new stake in Frontline during the 4th quarter worth approximately $94,000. Finally, GSA Capital Partners LLP acquired a new stake in Frontline during the 3rd quarter worth approximately $1,445,000. Institutional investors and hedge funds own 20.33% of the company’s stock.
Frontline Company Profile (Get Rating)
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, 2021, the company operated a fleet of 70 vessels. It is also involved in the charter, purchase, and sale of vessels. The company was founded in 1985 and is based in Hamilton, Bermuda.
- Get a free copy of the StockNews.com research report on Frontline (FRO)
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