Frontline Ltd. (FRO)
NYSE: FRO · IEX Real-Time Price · USD
23.96
+0.38 (1.61%)
At close: Jul 19, 2024, 4:00 PM
24.44
+0.48 (2.00%)
Pre-market: Jul 22, 2024, 7:41 AM EDT
Frontline Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Frontline stock have an average target of 24.15, with a low estimate of 22.3 and a high estimate of 26. The average target predicts an increase of 0.79% from the current stock price of 23.96.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 1, 2024.
Analyst Ratings
The average analyst rating for Frontline stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Maintains n/a | Strong Buy | Maintains | n/a | n/a | May 30, 2024 |
| Jefferies | Jefferies | Hold → Strong Buy Upgrades $22 → $30 | Hold → Strong Buy | Upgrades | $22 → $30 | +25.21% | Mar 21, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $23 → $22 | Hold | Maintains | $23 → $22 | -6.93% | Mar 1, 2024 |
| Jefferies | Jefferies | Hold Reiterates $22 | Hold | Reiterates | $22 | -8.18% | Feb 29, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $24 → $23 | Hold | Maintains | $24 → $23 | -4.01% | Feb 1, 2024 |
Financial Forecast
Revenue This Year
1.81B
from 1.83B
Decreased by -0.84%
Revenue Next Year
1.09B
from 1.81B
Decreased by -39.98%
EPS This Year
3.43
from 2.95
Increased by 16.11%
EPS Next Year
2.71
from 3.43
Decreased by -20.89%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.3B | 1.3B | 2.3B | 1.8B |
| Avg | 1.1B | 1.2B | 2.3B | 1.7B |
| Low | 807.3M | 1.2B | 2.2B | 1.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -30.2% | 16.7% | 92.3% | -21.3% |
| Avg | -40.5% | 12.2% | 84.9% | -24.3% |
| Low | -55.8% | 8.9% | 79.4% | -26.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 3.56 | 4.67 | 6.70 | 3.99 |
| Avg | 2.71 | 3.54 | 6.44 | 3.84 |
| Low | 1.89 | 2.77 | 6.25 | 3.72 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 20.7% | 72.4% | 89.4% | -38.1% |
| Avg | -8.1% | 30.5% | 82.2% | -40.4% |
| Low | -35.9% | 2.4% | 76.8% | -42.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.