Analysts Set Frontline PLC (NYSE:FRO) PT at $25.87

Frontline PLC (NYSE:FRO) has earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $25.8725.

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Frontline in a research report on Monday, December 29th. Clarkson Capital upgraded Frontline from a “neutral” rating to a “buy” rating in a report on Monday, January 12th. Jefferies Financial Group raised their price objective on Frontline from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 21st. BTIG Research upped their target price on Frontline from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Finally, Evercore raised their price target on Frontline from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th.

Hedge Funds Weigh In On Frontline

A number of large investors have recently bought and sold shares of the stock. Mackenzie Financial Corp acquired a new position in shares of Frontline in the 4th quarter valued at $365,000. XTX Topco Ltd boosted its holdings in Frontline by 4.0% in the fourth quarter. XTX Topco Ltd now owns 29,773 shares of the shipping company’s stock valued at $650,000 after acquiring an additional 1,145 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in Frontline during the fourth quarter valued at about $15,676,000. SummitTX Capital L.P. purchased a new position in shares of Frontline in the 4th quarter worth about $3,029,000. Finally, Quadrature Capital Ltd lifted its stake in shares of Frontline by 559.9% in the 4th quarter. Quadrature Capital Ltd now owns 166,460 shares of the shipping company’s stock valued at $3,632,000 after purchasing an additional 141,235 shares in the last quarter. Hedge funds and other institutional investors own 22.70% of the company’s stock.

Frontline Stock Performance

Frontline stock opened at $33.79 on Tuesday. Frontline has a fifty-two week low of $12.40 and a fifty-two week high of $34.14. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 34.48 and a beta of 0.07. The stock has a fifty day moving average of $25.72 and a two-hundred day moving average of $23.70. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.37 and a current ratio of 1.37.

Frontline (NYSE:FRO) last posted its quarterly earnings data on Friday, November 21st. The shipping company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Frontline had a net margin of 12.23% and a return on equity of 8.89%. The company had revenue of $257.04 million for the quarter, compared to analyst estimates of $265.23 million. During the same period in the previous year, the business earned $0.34 EPS. On average, analysts anticipate that Frontline will post 1.78 EPS for the current fiscal year.

Frontline Company Profile

Frontline Ltd. (NYSE:FRO) is a leading global shipping company specializing in the seaborne transportation of crude oil and petroleum products. The company’s core business activities encompass the ownership and operation of very large crude carriers (VLCCs), Suezmax tankers and Aframax vessels. Through long-term charters, spot market operations and time charters, Frontline provides flexible shipping solutions that cater to a diverse set of energy producers, refiners and trading houses worldwide.

Frontline’s fleet is geared toward high-capacity, ocean-going tankers capable of carrying large volumes of crude oil over intercontinental distances.