Hafnia (NYSE:HAFN) Stock Rating Upgraded by Wall Street Zen

Hafnia (NYSE:HAFN) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Sunday, Wall Street Zen reports.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of Hafnia in a report on Monday, August 3rd. Pareto Securities downgraded shares of Hafnia to a “hold” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Hafnia Stock Performance

HAFN stock opened at $8.45 on Friday. The stock’s 50 day simple moving average is $7.52 and its 200 day simple moving average is $7.70. The company has a current ratio of 1.60, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31. Hafnia has a 12-month low of $5.17 and a 12-month high of $9.53. The firm has a market cap of $4.33 billion, a P/E ratio of 6.40 and a beta of 0.63.

Hafnia (NYSE:HAFN) last issued its earnings results on Friday, August 28th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Hafnia had a net margin of 56.72% and a return on equity of 27.44%. The firm had revenue of $834.53 million for the quarter, compared to analysts’ expectations of $394.57 million.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its position in shares of Hafnia by 3.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 44,390 shares of the company’s stock valued at $240,000 after buying an additional 1,509 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in Hafnia by 1.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 91,384 shares of the company’s stock valued at $700,000 after acquiring an additional 1,650 shares in the last quarter. Vise Technologies Inc. lifted its position in shares of Hafnia by 16.4% in the 3rd quarter. Vise Technologies Inc. now owns 16,326 shares of the company’s stock worth $98,000 after acquiring an additional 2,305 shares during the period. TD Asset Management Inc grew its holdings in shares of Hafnia by 7.1% during the 4th quarter. TD Asset Management Inc now owns 37,039 shares of the company’s stock worth $200,000 after purchasing an additional 2,453 shares in the last quarter. Finally, Amundi increased its position in shares of Hafnia by 5.4% during the first quarter. Amundi now owns 67,213 shares of the company’s stock valued at $511,000 after purchasing an additional 3,465 shares during the period.

Hafnia Company Profile

Hafnia is a global shipping company listed on the New York Stock Exchange under the ticker HAFN. The firm specializes in the marine transportation of refined petroleum products, providing safe and reliable shipping solutions across key global trade lanes. Its core operations focus on the carriage of gasoline, diesel, jet fuel and other clean petroleum products, catering to the needs of oil majors, trading houses and independent refiners.

The company operates a modern fleet of double-hulled product tankers, managed to comply with stringent safety and environmental standards.