For its first fiscal quarter (ending March 31), Frontline plc (NYSE: FRO) has reported E.P.S. of $0.81 compared to $0.90 a year ago. For the latest four quarters through March 31, E.P.S. were $2.86 versus $2.92 for the same period a year ago.
Recent Price Action
Frontline plc (NYSE: FRO) stock closed at $27.96 on 5/30/24 after a decline of -2.6%. Moreover, trading volume in this decline was unusually high at 159% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.3% during the last week.
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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Frontline plc has a good Appreciation Score of 71 and a very high Power Rating of 94, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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