Frontline Ltd. (FRO)
NYSE: FRO · IEX Real-Time Price · USD
23.53
+0.08 (0.36%)
Apr 26, 2024, 9:36 AM EDT - Market open
Frontline Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Frontline stock have an average target of 26.1, with a low estimate of 22.3 and a high estimate of 30. The average target predicts an increase of 10.95% from the current stock price of 23.53.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 21, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 1 | 1 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 2 | 2 | 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 | Hold → Strong Buy Upgrades $22 → $30 | Hold → Strong Buy | Upgrades | $22 → $30 | +27.52% | Mar 21, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $23 → $22 | Hold | Maintains | $23 → $22 | -5.21% | Mar 1, 2024 |
| Jefferies | Jefferies | Hold Reiterates $22 | Hold | Reiterates | $22 | -6.48% | Feb 29, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $24 → $23 | Hold | Maintains | $24 → $23 | -2.23% | Feb 1, 2024 |
| Deutsche Bank | Deutsche Bank | Hold → Strong Buy Upgrades $26 | Hold → Strong Buy | Upgrades | $26 | +10.52% | Jan 9, 2024 |
Financial Forecast
Revenue This Year
1.22B
from 1.44B
Decreased by -15.31%
Revenue Next Year
1.11B
from 1.22B
Decreased by -8.70%
EPS This Year
2.69
from 2.22
Increased by 20.97%
EPS Next Year
2.52
from 2.69
Decreased by -6.31%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 1.6B | 1.3B | 2.7B | 2.3B |
| Avg | 1.1B | 1.1B | 1.9B | 2.3B |
| Low | 787.5M | 807.3M | 1.5B | 2.2B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 8.5% | 14.6% | 144.4% | 22.9% |
| Avg | -22.7% | -2.2% | 75.6% | 18.2% |
| Low | -45.2% | -27.4% | 34.1% | 14.7% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 3.82 | 3.56 | 6.49 | 6.70 |
| Avg | 2.52 | 2.71 | 3.80 | 6.44 |
| Low | 1.72 | 1.89 | 2.21 | 6.25 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 72.2% | 41.5% | 139.5% | 76.3% |
| Avg | 13.3% | 7.7% | 40.2% | 69.6% |
| Low | -22.3% | -24.8% | -18.3% | 64.6% |
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.