Frontline (NYSE:FRO) Getting Somewhat Favorable News Coverage, Study Shows

News articles about Frontline (NYSE:FRO) have trended somewhat positive on Saturday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Frontline earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media stories about the shipping company an impact score of 46.0358577238817 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news articles that may have effected Accern Sentiment’s rankings:

A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Frontline from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. ValuEngine lowered shares of Frontline from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Evercore ISI lowered shares of Frontline from an “in-line” rating to an “underperform” rating and dropped their target price for the stock from $6.00 to $4.00 in a research report on Friday, July 21st. Credit Suisse Group dropped their target price on shares of Frontline from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, May 31st. Finally, BidaskClub downgraded shares of Frontline from a “sell” rating to a “strong sell” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Frontline currently has a consensus rating of “Hold” and a consensus price target of $6.25.

Shares of Frontline (NYSE:FRO) traded down 0.79% on Friday, reaching $5.02. 445,130 shares of the company’s stock traded hands. The firm has a market capitalization of $852.44 million, a P/E ratio of 13.11 and a beta of 1.97. Frontline has a 52 week low of $5.00 and a 52 week high of $8.90. The firm’s 50 day moving average is $5.71 and its 200 day moving average is $6.27.

Frontline (NYSE:FRO) last issued its earnings results on Tuesday, May 30th. The shipping company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $121.94 million during the quarter, compared to analyst estimates of $103.70 million. Frontline had a return on equity of 8.76% and a net margin of 9.25%. Analysts expect that Frontline will post $0.05 earnings per share for the current fiscal year.

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