Cleaves Securities analyst Joakim Hannisdahl maintained a Buy rating on Frontline (NYSE:FRO) Ltd on Sunday, setting a price target of $9.6, which is approximately 36.36% above the present share price of $7.04.
Hannisdahl expects Frontline Ltd to post earnings per share (EPS) of -$0.05 for the second quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Frontline, with an average price target of $8.98.
The analysts price targets range from a high of $11.41 to a low of $8.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $174.87 million and a net profit of -$4.68 million. The company's market cap is $1.39 billion.
According to TipRanks.com, Cleaves Securities analyst Joakim Hannisdahl is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.4% and a 61.36% success rate.
Frontline Ltd. is an international shipping company, which engages in the ownership and operation of oil and product tankers. It also offers the seaborne transportation of crude oil and oil products. The company was founded in 1985 and is headquartered in Hamilton, Bermuda.