Analysts Set $27.33 Target Price for International Seaways Inc (INSW)
International Seaways Inc (NYSE:INSW) has been given a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.
Analysts have set a 1 year consensus target price of $27.33 for the company and are forecasting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given International Seaways an industry rank of 235 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded shares of International Seaways from a “hold” rating to a “strong sell” rating in a report on Friday, October 20th.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in International Seaways by 14.2% during the second quarter. Vanguard Group Inc. now owns 1,812,662 shares of the transportation company’s stock valued at $39,280,000 after buying an additional 224,894 shares in the last quarter. Numeric Investors LLC lifted its stake in International Seaways by 4.1% during the second quarter. Numeric Investors LLC now owns 901,309 shares of the transportation company’s stock valued at $19,531,000 after buying an additional 35,500 shares in the last quarter. Donald Smith & CO. Inc. lifted its stake in International Seaways by 52.5% during the third quarter. Donald Smith & CO. Inc. now owns 847,222 shares of the transportation company’s stock valued at $16,690,000 after buying an additional 291,656 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new stake in International Seaways during the third quarter valued at about $16,062,000. Finally, Dimensional Fund Advisors LP lifted its stake in International Seaways by 59.0% during the third quarter. Dimensional Fund Advisors LP now owns 561,379 shares of the transportation company’s stock valued at $11,059,000 after buying an additional 208,301 shares in the last quarter. 86.33% of the stock is owned by institutional investors.
Shares of International Seaways (NYSE INSW) traded down $0.12 during midday trading on Thursday, reaching $19.00. 101,700 shares of the company’s stock were exchanged, compared to its average volume of 167,200. International Seaways has a 52 week low of $14.45 and a 52 week high of $23.43. The company has a quick ratio of 3.74, a current ratio of 3.78 and a debt-to-equity ratio of 0.44. The firm has a market cap of $556.20 and a P/E ratio of -7.57.
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About International Seaways
International Seaways, Inc and its subsidiaries own and operate a fleet of oceangoing vessels. The Company’s oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The Company’s segments are International Crude Tankers and International Product Carriers.
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