In the latest trading session, 0.82 million Frontline Plc (NYSE:FRO) shares changed hands as the company’s beta touched 0.08. With the company’s most recent per share price at $20.25 changed hands at -$0.99 or -4.64% at last look, the market valuation stands at $4.51B. FRO’s current price is a discount, trading about -45.14% off its 52-week high of $29.39. The share price had its 52-week low at $18.34, which suggests the last value was 9.43% up since then. When we look at Frontline Plc’s average trading volume, we note the 10-day average is 2.0 million shares, with the 3-month average coming to 1.73 million.
Analysts gave the Frontline Plc (FRO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.43. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended FRO as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Frontline Plc’s EPS for the current quarter is expected to be 0.45.
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Frontline Plc (NYSE:FRO) trade information
Instantly FRO was in red as seen in intraday trades today. With action -7.47%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 1.02%, with the 5-day performance at -7.47% in the red. However, in the 30-day time frame, Frontline Plc (NYSE:FRO) is -10.73% down. Looking at the short shares, we see there were 8.71 million shares sold at short interest cover period of 4.25 days.
The consensus price target for the stock as assigned by Wall Street analysts is 30, meaning bulls need an upside of 32.5% from its recent market value. According to analyst projections, FRO’s forecast low is 26 with 30 as the target high. To hit the forecast high, the stock’s price needs a -48.15% plunge from its current level, while the stock would need to soar -28.4% for it to hit the projected low.
Frontline Plc (FRO) estimates and forecasts
Data shows that the Frontline Plc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -10.85% over the past 6 months, a -0.38% in annual growth rate that is considerably higher than the industry average of -2.10%. Year-over-year growth is forecast to reach -0.20% down from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 375.08M. 9 analysts are of the opinion that Frontline Plc’s revenue for the current quarter will be 510.23M. The company’s revenue for the corresponding quarters a year ago was 377.08M and 415M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -0.50%. The estimates for the next quarter sales put growth at 22.90%.
The 2024 estimates are for Frontline Plc earnings to decrease by -0.22%.
FRO Dividends
Frontline Plc is expected to release its next quarterly earnings report on 2024-Nov-29. The 9.43% annual yield figure for the share gives it an annual dividend of 1.91. It is important to note, however, that the 9.43% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 11.48 per year.
Frontline Plc (NYSE:FRO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 35.79% of Frontline Plc shares while 29.59% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 46.08%. There are 29.59% institutions holding the Frontline Plc stock share, with ARROWSTREET CAPITAL, LIMITED PARTNERSHIP the top institutional holder. As of 2024-06-30, the company held 3.0103% of the shares, roughly 6.7 million FRO shares worth $173.72 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 2.4155% or 5.38 million shares worth $138.52 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jul 31, 2024 were Vanguard International Stock Index-Total Intl Stock Indx and Fidelity Advisor Multi-Asset Income Fund. With 1.99 shares estimated at $40.65 million under it, the former controlled 0.89% of total outstanding shares. On the other hand, Fidelity Advisor Multi-Asset Income Fund held about 0.65% of the shares, roughly 1.45 shares worth around $29.56 million.
