Ship Finance International (NYSE:SFL) Given a $14.00 Price Target at B. Riley

B. Riley set a $14.00 price target on Ship Finance International (NYSE:SFL) in a research note issued to investors on Wednesday morning, TipRanks reports. The firm currently has a hold rating on the shipping company’s stock. B. Riley also issued estimates for Ship Finance International’s Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.17 EPS and FY2020 earnings at $0.79 EPS.

Other analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Ship Finance International from a sell rating to a hold rating in a research note on Friday, July 26th. TheStreet cut shares of Ship Finance International from a b- rating to a c+ rating in a research note on Tuesday, August 20th. Finally, Zacks Investment Research upgraded shares of Ship Finance International from a hold rating to a buy rating and set a $15.00 target price for the company in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ship Finance International presently has an average rating of Buy and an average target price of $13.67.

SFL stock opened at $13.72 on Wednesday. Ship Finance International has a one year low of $10.31 and a one year high of $14.80. The stock has a market capitalization of $1.64 billion, a PE ratio of 13.32 and a beta of 1.28. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.29 and a current ratio of 1.49. The company has a fifty day moving average of $12.94 and a 200-day moving average of $12.63.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Thursday, September 12th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 10.20%. The ex-dividend date is Wednesday, September 11th. Ship Finance International’s dividend payout ratio (DPR) is 135.92%.

Several hedge funds and other institutional investors have recently made changes to their positions in SFL. UBS Group AG lifted its position in Ship Finance International by 499.7% during the second quarter. UBS Group AG now owns 678,461 shares of the shipping company’s stock valued at $8,487,000 after buying an additional 565,327 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in Ship Finance International by 6.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,231 shares of the shipping company’s stock valued at $253,000 after buying an additional 1,164 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Ship Finance International by 3.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 42,508 shares of the shipping company’s stock valued at $532,000 after buying an additional 1,305 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in Ship Finance International during the second quarter valued at approximately $4,394,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Ship Finance International during the second quarter valued at approximately $277,000. Hedge funds and other institutional investors own 29.31% of the company’s stock.

About Ship Finance International

Ship Finance International Ltd. engages in the ownership and operation of vessels and offshore related assets. It also involves in the charter, purchase, and sale of assets. Its assets include oil tankers, dry bulk carriers, container vessels, car carriers, jack-up drilling rig, ultra-deepwater drilling units, offshore supply vessels, and chemical tankers.

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Analyst Recommendations for Ship Finance International (NYSE:SFL)

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