Jefferies (NYSE:JEF) analyst Randy Giveans maintained a Buy rating on Frontline (NYSE:FRO) Ltd on Friday, setting a price target of $9, which is approximately 39.53% above the present share price of $6.45.
Giveans expects Frontline Ltd to post earnings per share (EPS) of $1.02 for the fourth quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Hold rating of shares in Frontline, with an average price target of $7.61.
The analysts price targets range from a high of $11.22 to a low of $4.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $387.09 million and a net profit of $220.58 million. The company's market cap is $1.32 billion.
According to TipRanks.com, Jefferies analyst Randy Giveans is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -15.8% and a 25.00% 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.