Ship Finance International (SFL) Cut to Sell at Goldman Sachs Group

Goldman Sachs Group lowered shares of Ship Finance International (NYSE:SFL) from a neutral rating to a sell rating in a report issued on Wednesday morning.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Ship Finance International from a hold rating to a buy rating and set a $17.00 target price for the company in a research note on Friday, November 3rd. Clarkson Capital upgraded shares of Ship Finance International from a neutral rating to a buy rating in a research note on Tuesday, October 17th. Finally, Jefferies Group started coverage on shares of Ship Finance International in a research note on Monday, December 18th. They set a hold rating and a $15.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $16.00.

Shares of Ship Finance International (NYSE:SFL) opened at $15.50 on Wednesday. The company has a market cap of $1,573.33, a price-to-earnings ratio of 11.65 and a beta of 1.42. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.82 and a quick ratio of 0.82. Ship Finance International has a 12 month low of $12.30 and a 12 month high of $16.10.

Ship Finance International (NYSE:SFL) last posted its earnings results on Wednesday, November 22nd. The shipping company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $93.67 million during the quarter, compared to analysts’ expectations of $97.50 million. Ship Finance International had a net margin of 28.66% and a return on equity of 11.02%. equities research analysts expect that Ship Finance International will post 1.24 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 11th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.03%. The ex-dividend date was Friday, December 8th. Ship Finance International’s dividend payout ratio is presently 117.65%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in shares of Ship Finance International during the 3rd quarter worth about $154,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Ship Finance International during the 2nd quarter worth about $145,000. Stifel Financial Corp lifted its stake in shares of Ship Finance International by 2.1% during the 2nd quarter. Stifel Financial Corp now owns 11,019 shares of the shipping company’s stock worth $150,000 after buying an additional 226 shares during the last quarter. BB&T Securities LLC acquired a new stake in shares of Ship Finance International during the 3rd quarter worth about $172,000. Finally, QS Investors LLC acquired a new stake in Ship Finance International in the 2nd quarter worth about $174,000. Institutional investors own 30.73% of the company’s stock.

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About Ship Finance International

Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.

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