Brokerage Firm Rating Update on Ship Finance International Limited (SFL)

Ship Finance International Limited (SFL) : Zacks Investment Research ranks Ship Finance International Limited (SFL) as 5, which is a Strong Sell recommendation. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 3, which indicates as a Hold.

Ship Finance International Limited (SFL) : Currently there are 4 street experts covering Ship Finance International Limited (SFL) stock. The most bullish and bearish price target for the stock is $16 and $13 respectively for the short term. The average price target of all the analysts comes to $15. The estimated standard deviation from the target is $1.41.


Company shares have received an average consensus rating of Hold for the current week Also, Seaport Global initiates coverage on Ship Finance International Limited (NYSE:SFL).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Seaport Global announces the price target of $16 per share. The rating by the firm was issued on August 22, 2016.

Ship Finance International Limited (NYSE:SFL): The stock opened at $15.25 and touched an intraday high of $15.495 on Wednesday. During the day, the stock corrected to an intraday low of $15.17, however, the bulls stepped in and pushed the price higher to close in the green at $15.45 with a gain of 1.85% for the day. The total traded volume for the day was 1,220,654. The stock had closed at $15.17 in the previous trading session.

Ship Finance International Limited is an international ship owning and chartering company. The Company is engaged primarily in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. The Company operates through subsidiaries, partnerships and branches located in Bermuda, Cyprus, Malta, Liberia, Norway, Singapore, the United Kingdom and the Marshall Islands. The Companys assets consist of approximately 19 oil tankers, 14 drybulk carriers, 17 container vessels, two car carriers, two jack-up drilling rigs, three ultra-deepwater drilling units, six offshore supply vessels and two chemical tankers. The Companys oil tankers and chemical tankers are all double-hull vessels. Some of its customers include Frontline, Seadrill, NADL, Sinochem Shipping Co. Ltd., China National Chartering Co Ltd, Heung-A Shipping Co. Ltd., Hyundai Glovis Co. Ltd., Western Bulk A/S, Hamburg Sud Group and Hanjin Shipping.

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