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Week 49: Deutsche Bank Revised Frontline’s Target Price

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Revisions

In week 49, which ended on December 8, 2017, one analyst revised its target price for Frontline (FRO). Deutsche Bank raised Frontline’s target price to $5 from $3.

Week 48

In the previous week, Tsakos Energy Navigation’s (TNP) target price was reduced by JPMorgan Chase to $6 from $7. Tsakos Energy Navigation’s target price was reduced by Evercore to $5 from $6.5.

Previous weeks

In week 47, Morgan Stanley reduced Frontline’s target price to $5 from $5.50. In week 46, which ended on November 17, 2017, Teekay Tankers’ (TNK) target price was reduced to $2 from $5 by Deutsche Bank. In week 45, Teekay Tankers’ target price was cut from $1.60 to $1.30 by Bank of America Merrill Lynch. Morgan Stanley reduced Nordic American Tankers’ (NAT) target price from $6.50 to $5. Evercore reduced Nordic American Tankers’ target price to $4 from $4.50.

Consensus ratings

  • Of the nine analysts covering Nordic American Tankers, none of them are bullish on the stock. About 55% of them are neutral, while 45% are bearish. The consensus target price is $4.35, which implies a potential upside of 15.1% from the market price of $3.78 on December 8, 2017.
  • Five analysts gave recommendations for Frontline. Of the analysts, 20% are bullish on the stock, ~60% are neutral, and 20.0% are bearish. The consensus 12-month target price is $5.75, which implies a potential upside of 15.7% from the market price of $4.97 on December 8, 2017.
  • Seven analysts gave recommendations for Gener8 Maritime Partners (GNRT). Of the analysts, 72% are bullish, while 28% are bearish on the stock. The consensus 12-month target price is $6.08, which implies a potential upside of 41.1% from the market price of $4.31 on December 8, 2017.
  • Ten analysts gave recommendations on Teekay Tankers. Of the analysts, 30% are bullish, 50% are neutral, and 20% are bearish on the stock. The 12-month consensus target price is $2.10, which implies a potential upside of 40% from the market price of $1.5 on December 8, 2017.

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