Citigroup Now Covering Ship Finance Intl With $11 Target
Analysts at Citigroup has a key “Neutral” rating for Ship Finance Intl (NYSE:SFL). The firm started coverage in analysts note issued to clients and investors on Thursday, 27 December. The PT means downside of -1.79 % from the last stock close price.
The stock increased 4.38% or $0.47 during the last trading session, reaching $11.2. About 974,530 shares traded or 21.09% up from the average. Ship Finance International Limited (NYSE:SFL) has declined 16.33% since December 27, 2017 and is downtrending. It has underperformed by 16.33% the S&P500.
Analysts await Ship Finance International Limited (NYSE:SFL) to report earnings on February, 26. They expect $0.39 earnings per share, up 62.50 % or $0.15 from last year’s $0.24 per share. SFL’s profit will be $41.96 million for 7.18 P/E if the $0.39 EPS becomes a reality. After $0.33 actual earnings per share reported by Ship Finance International Limited for the previous quarter, Wall Street now forecasts 18.18 % EPS growth.
Ship Finance International Limited owns and operates vessels and offshore related assets primarily in Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. The company has market cap of $1.21 billion. It is also involved in the charter, purchase, and sale of assets. It has a 14.34 P/E ratio. In addition, the firm operates in various sectors of the shipping and offshore industry, including oil transportation, dry bulk shipments, chemical transportation, oil product transportation, container transportation, car transportation, drilling rigs, and offshore supply vessels.
More notable recent Ship Finance International Limited (NYSE:SFL) news were published by: Seekingalpha.com which released: “Fair Winds For Ships Finance Following Completion Of Dilution – Seeking Alpha” on March 05, 2018, also Seekingalpha.com with their article: “Ship Financial Keeps Going And Going – Seeking Alpha” published on March 05, 2018, Zacks.com published: “Ship Finance (SFL) Q3 Earnings Surpass Estimates – November 20, 2018 – Zacks.com – Zacks.com” on November 20, 2018. More interesting news about Ship Finance International Limited (NYSE:SFL) were released by: Globenewswire.com and their article: “SFL – Sale of Older VLCC NYSE:SFL – GlobeNewswire” published on November 16, 2018 as well as Seekingalpha.com‘s news article titled: “Ship Finance International’s Second Quarter Results Analysis – Seeking Alpha” with publication date: September 06, 2018.