Short Term Rating 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 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 3, which indicates as a Hold.

Ship Finance International Limited (SFL) : The highest level Ship Finance International Limited (SFL) is projected to reach is $16 for the short term and the lowest estimate is at $13. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $15 and the possibility the share price can swing is $1.73.

Company shares have received an average consensus rating of Hold for the current week


Ship Finance International Limited (NYSE:SFL): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.00 and $14.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.17, notching a gain of 2.29% for the day. The total traded volume was 1,068,132 . The stock had closed at $14.83 on the previous day.

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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