Cleaves Securities analyst Joakim Hannisdahl maintained a Sell rating on Frontline (NYSE:FRO) Ltd on Saturday, setting a price target of $3.7, which is approximately 43.94% below the present share price of $6.6.
Hannisdahl expects Frontline Ltd to post earnings per share (EPS) of $0.28 for the first quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Hold rating of shares in Frontline, with an average price target of $7.38.
The analysts price targets range from a high of $10.48 to a low of $3.7.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $247.41 million and a net profit of $70.96 million. The company's market cap is $1.3 billion.
According to TipRanks.com, Cleaves Securities analyst Joakim Hannisdahl is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.2% and a 64.09% 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.