International Seaways (INSW) Gets a Buy from Cleaves Securities

In a report released on September 18, Peter Christensen from Cleaves Securities maintained a Buy rating on International Seaways (INSWResearch Report), with a price target of $65.00. The company’s shares opened today at $35.92.

According to TipRanks, Christensen is a 5-star analyst with an average return of 24.8% and a 63.64% success rate. Christensen covers the Industrial Goods sector, focusing on stocks such as DHT Holdings, Frontline, and Nordic American Tanker.

Currently, the analyst consensus on International Seaways is a Strong Buy with an average price target of $43.00, a 19.71% upside from current levels. In a report released on September 6, Jefferies also maintained a Buy rating on the stock with a $45.00 price target.

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INSW market cap is currently $1.79B and has a P/E ratio of -36.37.

Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of INSW in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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