Frontline Ltd. (FRO) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now down 25.91% over the past one-month time frame.
This shipping stock witnessed two positive estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Frontline. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Frontline carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
However, some better-ranked stocks in the same industry include Ship Finance International Limited (SFL), Star Bulk Carriers Corp. (SBLK) and China COSCO Holdings Company Limited (CICOY). While Ship Finance International Limited and Star Bulk Carriers sport a Zacks Rank #1 (Strong Buy), China COSCO Holdings Company Limited carries a Zacks Rank #2 (Buy).
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