Frontline Ltd. (NYSE: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 continues the recent uptrend for the company—as the stock is now up 42.7% in the past one-month time frame.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, 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 this recent jump can turn into more strength down the road.
Frontline currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 100.00%.
Investors interested in the Transportation - Shipping industry may consider a better-ranked stock like Costamare Inc. (NYSE:CMRE) , which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is FRO going up? Or down? Predict to see what others think:Up or Down
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Frontline Ltd. (FRO): Free Stock Analysis Report
Costamare Inc. (CMRE): Free Stock Analysis Report
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Zacks Investment Research