Frontline (NYSE:FRO) Given Daily Coverage Optimism Rating of 0.31

News stories about Frontline (NYSE:FRO) have been trending positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Frontline earned a news impact score of 0.31 on Accern’s scale. Accern also gave news articles about the shipping company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

Frontline (NYSE FRO) traded up 1.57% during trading on Friday, reaching $5.82. The company had a trading volume of 396,105 shares. The company has a market capitalization of $988.29 million, a P/E ratio of 15.20 and a beta of 1.97. The stock has a 50 day moving average of $5.75 and a 200-day moving average of $6.45. Frontline has a 12 month low of $5.35 and a 12 month high of $8.90.

Frontline (NYSE:FRO) last issued its quarterly earnings data on Tuesday, May 30th. The shipping company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. The business had revenue of $121.94 million for 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%. Equities research analysts expect that Frontline will post $0.05 EPS for the current fiscal year.

A number of analysts recently commented on FRO shares. ValuEngine upgraded Frontline from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Seaport Global Securities upgraded Frontline from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a report on Wednesday, May 31st. BidaskClub upgraded Frontline from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Frontline from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Finally, Evercore ISI cut Frontline from an “in-line” rating to an “underperform” rating and lowered their price target for the company from $6.00 to $4.00 in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $6.25.

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