Frontline (NYSE: FRO) Upgraded to Strong Buy as Analysts Predict Rising Earnings

WallStreetZen03-22

Jefferies's Omar Nokta upgraded their rating on Frontline (NYSE: FRO) from Hold to Strong Buy on 2024/03/21. The analyst also raised their price target by 36.4% from $22 to $30.In a recent analysis of...

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The analyst also raised their price target by 36.4% from $22 to $30.In a recent analysis of...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/frontline-nyse-fro-upgraded-to-strong-buy-as-analysts-predict-rising-earnings\">Source Link</a>\n\n</div>\n","source":"wallstreetzen_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Frontline (NYSE: FRO) Upgraded to Strong Buy as Analysts Predict Rising Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFrontline (NYSE: FRO) Upgraded to Strong Buy as Analysts Predict Rising Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-22 15:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wallstreetzen.com/news/frontline-nyse-fro-upgraded-to-strong-buy-as-analysts-predict-rising-earnings><strong>WallStreetZen</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Jefferies's Omar Nokta upgraded their rating on Frontline (NYSE: FRO) from Hold to Strong Buy on 2024/03/21. The analyst also raised their price target by 36.4% from $22 to $30.In a recent analysis of...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/frontline-nyse-fro-upgraded-to-strong-buy-as-analysts-predict-rising-earnings\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FRO","symbol_name":"FRONTLINE PLC","start_time":0,"source_url":"https://www.wallstreetzen.com/news/frontline-nyse-fro-upgraded-to-strong-buy-as-analysts-predict-rising-earnings","article_id":"2421478865","we_media_id":null,"thumbnails":["https://images.unsplash.com/photo-1575969368775-47be100e4ce1?crop=entropy&cs=tinysrgb&fit=crop&fm=jpg&ixid=M3w0NDY2OTN8MHwxfGFsbHx8fHx8fHx8fDE3MTEwOTE4MTl8&ixlib=rb-4.0.3&q=80&w=260&utm_source=wallstreetzen&utm_medium=referral&utm_campaign=api-credit&h=180"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2421478865","pubTimestamp":1711091760,"sourceInfo":{"source_id":"wallstreetzen_highlight","name":"WallStreetZen"},"weMediaInfo":null,"summary":"Jefferies's Omar Nokta upgraded their rating on Frontline (NYSE: FRO) from Hold to Strong Buy on 2024/03/21. The analyst also raised their price target by 36.4% from $22 to $30.In a recent analysis of","collect":0,"end_time":0,"defaultTopTitle":"wallstreetzen.com","property":["rate","earning"],"viewcount":null,"language":"en","relate_stocks":{"FRO":"FRONTLINE PLC","NYSE":"纽交所"},"translate_title":"Frontline（纽约证券交易所代码：FRO）评级上调至强烈买入，分析师预测收益将上升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FRO":1,"NYSE":1},"content_text":"Jefferies's Omar Nokta upgraded their rating on Frontline (NYSE: FRO) from Hold to Strong Buy on 2024/03/21. The analyst also raised their price target by 36.4% from $22 to $30.In a recent analysis of their Marine Shipping portfolio, Nokta highlighted the positive outlook for tanker stocks. According to Nokta, names in the Tankers group are entering a third year of strong earnings, and the oil market balance is shifting further in their favor. This assessment aligns with Jefferies' expectation of \"continued compelling value\" in tanker stocks. Nokta emphasized that these stocks trade at just 0.8x net asset value and offer a sizable 22.5% free cash flow yield.In addition to the upgrade on Frontline, Nokta also made changes to other names in their portfolio. The price target for Dht Holdings Inc was raised by 27.3%, from $11 to $14, and the stock was upgraded from Hold to Strong Buy. Similarly, the price target for Tsakos Energy Navigation Ltd was increased by 7.1%, from $28 to $30, while maintaining the Strong Buy rating.Frontline Ltd. is an oil tanker shipping company that specializes in the transportation of crude oil. The company operates in various geographical areas, including the Arabian Gulf, West Africa, the North Sea, and the Caribbean. With one of the world's largest tanker fleets consisting of VLCC, Suezmax, and Suezmax OBO carriers, Frontline Ltd. has established itself as a prominent player in the industry. Originally known as Frontline AB, the company was founded in 1985 and is headquartered in Hamilton, Bermuda.It is worth noting that 100% of the top-rated analysts currently rate Frontline (NYSE: FRO) as a Strong Buy or Buy. No analysts consider it a Hold, and there are no recommendations to sell the stock. This positive sentiment reflects the confidence in the company's performance and potential.Examining Frontline's stock performance, it has shown significant growth since its last quarterly report on 2023/09/30. The stock price has increased by 24.8%, outpacing the S&P 500's growth of 30.9% during the same period. Furthermore, on a year-over-year basis, Frontline's stock is up by 34.1%. These figures highlight the company's ability to deliver value to its shareholders and position itself favorably in the market.Jefferies analyst Omar Nokta, who upgraded Frontline's rating, is highly regarded among Wall Street analysts. Nokta is ranked in the top 9% out of 4,518 analysts by WallStreetZen. With an average return of 9.5% and a win rate of 65.4%, Nokta specializes in analyzing companies in the Energy and Industrials sectors. This expertise lends credibility to Nokta's assessment of Frontline's potential and further bolsters the confidence in the analyst's rating upgrade.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2421478865"}