In a report released yesterday, Joakim Hannisdahl from Cleaves Securities maintained a Hold rating on International Seaways (INSW), with a price target of $16.00. The company’s shares closed last Wednesday at $15.99, close to its 52-week low of $14.89.
According to TipRanks.com, Hannisdahl is a 2-star analyst with an average return of -0.4% and a 52.8% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Nordic American Tanker, Eagle Bulk Shipping, and Star Bulk Carriers.
The word on The Street in general, suggests a Hold analyst consensus rating for International Seaways with a $24.60 average price target.
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International Seaways’ market cap is currently $453.4M and has a P/E ratio of 23.30. The company has a Price to Book ratio of 0.46.
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International Seaways, Inc. engages in the transportation of crude oil and petroleum products. It operates through the following segments: Crude Tankers, Product Carriers, and Other. The Crude Tankers consists of a fleet of vessels that transport unrefined petroleum. The Product Carriers focuses on crude and refined petroleum products. The Other segment includes joint ventures from liquefied natural gas carriers. The company was founded on December 6, 1999 and is headquartered in New York, NY.
