Discussion stirs around Frontline Ltd. (NYSE:FRO) this week; here is what analysts are saying.

January 14, 2018 - By Winifred Garcia

 Discussion stirs around Frontline Ltd. (NYSE:FRO) this week; here is what analysts are saying.

Frontline Ltd. (NYSE:FRO) Ratings Coverage

Among 8 analysts covering Frontline Ltd. (NYSE:FRO), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. Frontline Ltd. had 12 analyst reports since November 25, 2015 according to SRatingsIntel. Seaport Global upgraded the shares of FRO in report on Wednesday, May 31 to “Buy” rating. Seaport Global maintained the stock with “Buy” rating in Thursday, January 4 report. The firm has “Underperform” rating given on Friday, July 21 by Evercore. On Wednesday, January 13 the stock rating was upgraded by DNB Markets to “Buy”. The company was initiated on Thursday, December 17 by Seaport Global Securities. As per Thursday, January 14, the company rating was upgraded by Nordea. The company was reinitiated on Wednesday, May 4 by Seaport Global. The rating was upgraded by Credit Suisse on Wednesday, November 25 to “Neutral”. Deutsche Bank maintained the stock with “Hold” rating in Monday, January 4 report. The rating was upgraded by Clarkson Capital to “Buy” on Tuesday, February 9. Below is a list of Frontline Ltd. (NYSE:FRO) latest ratings and price target changes.

04/01/2018 Broker: Seaport Global Rating: Buy New Target: $7.0 Maintain
21/07/2017 Broker: Evercore Old Rating: In-Line New Rating: Underperform Downgrade

The stock increased 3.27% or $0.16 during the last trading session, reaching $5.06. About 800,007 shares traded or 31.44% up from the average. Frontline Ltd. (NYSE:FRO) has declined 16.06% since January 14, 2017 and is downtrending. It has underperformed by 32.76% the S&P500.

Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. The company has market cap of $859.23 million. As of December 31, 2016, the firm operated a fleet of 56 vessels, including VLCC, Suezmax, LR2/ Aframax, and MR tankers. It has a 460 P/E ratio. It is also involved in the charter, purchase, and sale of vessels.

Another recent and important Frontline Ltd. (NYSE:FRO) news was published by Fool.com which published an article titled: “Here’s Why Frontline Ltd.’s Stock Plunged 35% in 2017” on January 08, 2018.

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