International Seaways (NYSE:INSW) had its target price decreased by Jefferies Financial Group from $30.00 to $26.00 in a report released on Friday morning, Analyst Ratings Network reports. Jefferies Financial Group currently has a buy rating on the transportation company’s stock.
INSW has been the subject of several other reports. BTIG Research cut International Seaways from a buy rating to a neutral rating in a research note on Wednesday, October 21st. TheStreet raised International Seaways from a d+ rating to a c rating in a report on Monday, August 24th. Stifel Nicolaus dropped their target price on International Seaways from $29.00 to $25.00 and set a buy rating on the stock in a report on Monday, October 19th. Finally, Zacks Investment Research lowered International Seaways from a hold rating to a strong sell rating in a report on Thursday, October 22nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. International Seaways presently has an average rating of Hold and a consensus target price of $25.00.
Shares of NYSE:INSW opened at $13.94 on Friday. International Seaways has a 52-week low of $12.92 and a 52-week high of $31.39. The stock has a market cap of $390.10 million, a price-to-earnings ratio of 3.96 and a beta of 0.06. The company has a quick ratio of 1.84, a current ratio of 1.86 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $15.47 and a 200-day moving average price of $18.61.
International Seaways (NYSE:INSW) last announced its quarterly earnings data on Friday, August 7th. The transportation company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.13. International Seaways had a return on equity of 13.51% and a net margin of 22.19%. The firm had revenue of $139.73 million during the quarter, compared to analysts’ expectations of $145.55 million. As a group, equities analysts anticipate that International Seaways will post 5.31 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Bridgeway Capital Management Inc. acquired a new stake in International Seaways in the second quarter valued at approximately $2,288,000. Nuveen Asset Management LLC grew its holdings in International Seaways by 13.5% in the second quarter. Nuveen Asset Management LLC now owns 182,141 shares of the transportation company’s stock valued at $2,976,000 after purchasing an additional 21,694 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in International Seaways by 2,941.9% in the second quarter. Jacobs Levy Equity Management Inc. now owns 311,335 shares of the transportation company’s stock valued at $5,087,000 after purchasing an additional 301,100 shares during the period. Bank of America Corp DE boosted its stake in shares of International Seaways by 15.6% in the second quarter. Bank of America Corp DE now owns 81,546 shares of the transportation company’s stock worth $1,333,000 after acquiring an additional 11,019 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its stake in shares of International Seaways by 321.5% in the second quarter. Advisor Group Holdings Inc. now owns 7,604 shares of the transportation company’s stock worth $124,000 after acquiring an additional 5,800 shares during the last quarter. 76.82% of the stock is currently owned by institutional investors.
International Seaways Company Profile
International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trade. It operates through two segments, Crude Tankers and Product Carriers. As of March 3, 2020, the company owned and operated a fleet of 42 vessels, including 13 very large crude carriers, 2 Suezmaxes, 5 Aframaxes/LR2s, 13 Panamaxes/LR1s, and 7 medium range tankers, as well as had ownership interests in two floating storage and offloading service vessels.
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