StockNews.com Lowers SFL (NYSE:SFL) to Hold

SFL (NYSE:SFL) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Separately, BTIG Research increased their target price on SFL from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.33.

SFL Price Performance

Shares of NYSE:SFL opened at $13.50 on Monday. The business’s fifty day moving average price is $13.55 and its two-hundred day moving average price is $12.69. The stock has a market cap of $1.87 billion, a PE ratio of 13.92 and a beta of 0.66. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.29 and a current ratio of 0.29. SFL has a one year low of $9.03 and a one year high of $14.62.

SFL (NYSE:SFL) last announced its earnings results on Tuesday, May 14th. The shipping company reported $0.37 EPS for the quarter. The firm had revenue of $229.06 million for the quarter. SFL had a return on equity of 11.47% and a net margin of 15.21%.

Institutional Investors Weigh In On SFL

Several hedge funds have recently made changes to their positions in the business. Tidal Investments LLC boosted its holdings in shares of SFL by 18.4% during the first quarter. Tidal Investments LLC now owns 64,064 shares of the shipping company’s stock worth $844,000 after purchasing an additional 9,952 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in SFL by 14.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,890 shares of the shipping company’s stock valued at $434,000 after acquiring an additional 4,117 shares during the last quarter. MQS Management LLC acquired a new position in SFL in the first quarter valued at $189,000. Acadian Asset Management LLC acquired a new position in SFL in the first quarter valued at $1,679,000. Finally, Vanguard Group Inc. boosted its holdings in SFL by 7.1% in the first quarter. Vanguard Group Inc. now owns 1,348,021 shares of the shipping company’s stock valued at $17,767,000 after acquiring an additional 89,300 shares during the last quarter. Institutional investors and hedge funds own 28.59% of the company’s stock.

SFL Company Profile

SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, chemical transportation, oil products transportation, container transportation, car transportation, and drilling rigs.