Alert: Negative Investment/Fundamental Signals (10/14/24)-Frontline plc (NYSE: FRO)

out_logo_500#72889.jpg

Recent significant negative changes in fundamentals have impacted Frontline plc (NYSE: FRO): the stock’s power rating fell below 50, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.

Frontline plc (NYSE: FRO) suffers from notable negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

out_mm#72889.jpg

Current PriceTarget Research Rating

FRO’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Frontline plc has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Frontline plc has a good Appreciation Score of 73 but a neutral Power Rating of 48, triggering the High Neutral Value Trend Rating.

Recent Price Action

Frontline plc (NYSE: FRO) stock closed at $23.20 on 10/14/24 after a decline of -4.4%. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -5.3% during the last week.

Be the first to comment

Leave a Reply

Your email address will not be published.


*