SFL (NYSE:SFL) Stock Rating Upgraded by Wall Street Zen

SFL (NYSE:SFL) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other brokerages have also weighed in on SFL. Weiss Ratings reissued a “sell (d+)” rating on shares of SFL in a report on Monday, December 29th. BTIG Research raised their target price on SFL from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.00.

SFL Stock Performance

NYSE SFL opened at $8.89 on Friday. The company’s fifty day moving average is $8.14 and its two-hundred day moving average is $8.12. SFL has a 52-week low of $6.73 and a 52-week high of $11.13. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -888.50 and a beta of 0.47.

SFL (NYSE:SFL) last announced its quarterly earnings data on Wednesday, November 12th. The shipping company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. SFL had a negative net margin of 0.20% and a positive return on equity of 3.05%. The business had revenue of $178.21 million during the quarter, compared to analyst estimates of $172.45 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The firm’s revenue for the quarter was down 30.2% on a year-over-year basis.

Institutional Investors Weigh In On SFL

Large investors have recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in SFL by 65.3% during the 2nd quarter. Signaturefd LLC now owns 3,392 shares of the shipping company’s stock valued at $28,000 after purchasing an additional 1,340 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of SFL by 789.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,317 shares of the shipping company’s stock worth $28,000 after buying an additional 2,944 shares in the last quarter. Triumph Capital Management bought a new position in shares of SFL in the third quarter valued at approximately $32,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of SFL in the 2nd quarter worth approximately $50,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in shares of SFL in the 3rd quarter worth approximately $79,000. Institutional investors own 28.59% of the company’s stock.

About SFL

Ship Finance International Limited (NYSE: SFL) is an independent owner of modern, large-size ocean-going vessels that provides finance and leasing services to the global shipping industry. The company’s fleet encompasses a diversified mix of crude oil tankers, product and chemical tankers, liquefied natural gas (LNG) carriers, dry bulk carriers, container vessels and floating production storage and offloading (FPSO) units. By structuring long-term charter agreements and bareboat leases with major oil companies, commodity traders and offshore operators, Ship Finance International seeks to deliver stable cash flows and risk-adjusted returns for its shareholders.

In its core business, Ship Finance International acquires or finances vessels through forward sales agreements and then charters them out under fixed-rate contracts, typically ranging from five to 20 years in duration.