Scorpio Tankers (STNG) Investors: Credit Suisse Maintains Outperform Rating, Sees $4/Share; 6 Bullish Analysts Covering Seacoast Banking of Florida (SBCF)

February 15, 2018 - By Migdalia James

Among 9 analysts covering Scorpio Tankers Inc. (NYSE:STNG), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Scorpio Tankers Inc. has $13.5 highest and $3.5 lowest target. $7.44’s average target is 206.17% above currents $2.43 stock price. Scorpio Tankers Inc. had 33 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Scorpio Tankers Inc. (NYSE:STNG) earned “Buy” rating by Stifel Nicolaus on Monday, August 28. The rating was maintained by Jefferies with “Buy” on Tuesday, May 30. The firm earned “Buy” rating on Monday, September 18 by Jefferies. Jefferies maintained the stock with “Buy” rating in Monday, July 3 report. The firm has “Buy” rating by Bank of America given on Tuesday, July 21. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, October 27. ABN Amro upgraded the stock to “Hold” rating in Friday, July 1 report. The firm has “Buy” rating given on Thursday, February 18 by Deutsche Bank. The firm earned “Buy” rating on Friday, July 21 by Jefferies. Morgan Stanley upgraded the shares of STNG in report on Tuesday, February 14 to “Overweight” rating.

Among 9 analysts covering Seacoast Banking Co. of Florida (NASDAQ:SBCF), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Seacoast Banking Co. of Florida had 23 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has “Sell” rating by Zacks on Wednesday, August 12. The stock of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) earned “Hold” rating by Guggenheim on Tuesday, January 30. The firm has “Outperform” rating by Raymond James given on Wednesday, November 30. The rating was maintained by FBR Capital with “Buy” on Friday, January 26. On Tuesday, September 6 the stock rating was downgraded by Hovde Group to “Market Perform”. The firm has “Buy” rating by SunTrust given on Monday, February 13. SunTrust initiated the shares of SBCF in report on Monday, April 11 with “Neutral” rating. The stock has “Sell” rating by Zacks on Thursday, August 27. As per Tuesday, March 29, the company rating was upgraded by FBR Capital. The company was upgraded on Thursday, September 1 by Keefe Bruyette & Woods. See Seacoast Banking Corporation of Florida (NASDAQ:SBCF) latest ratings:

07/02/2018 Broker: Hovde Group Old Rating: Market Perform New Rating: Outperform Upgrade
30/01/2018 Broker: Guggenheim Rating: Hold New Target: $28.0 Maintain
26/01/2018 Broker: FBR Capital Rating: Buy Maintain
12/01/2018 Broker: Hovde Group Rating: Hold New Target: $30.0 Maintain
11/01/2018 Broker: Sandler O’Neill Rating: Buy Upgrade
08/01/2018 Broker: SunTrust Rating: Buy New Target: $30.0 Maintain
04/01/2018 Broker: Sandler O’Neill Rating: Hold New Target: $27.0 Maintain
03/01/2018 Broker: Hovde Group Rating: Hold New Target: $27.0 Maintain
28/11/2017 Broker: SunTrust Rating: Buy New Target: $29.0 Maintain
05/09/2017 Broker: FBR Capital Rating: Buy New Target: $27.0

Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide. The company has market cap of $766.90 million. As of March 15, 2017, it owned 78 tankers comprising 22 LR2 tankers, 14 Handymax tankers, and 42 MR tankers with an average age of approximately 2.3 years; and 19 time chartered-in tankers, including 9 Handymax, 8 MR, 1 LR1, and 1 LR2 tankers. It currently has negative earnings.

The stock increased 1.25% or $0.03 during the last trading session, reaching $2.43. About 2.05M shares traded. Scorpio Tankers Inc. (NYSE:STNG) has declined 23.80% since February 15, 2017 and is downtrending. It has underperformed by 40.50% the S&P500.

Investors sentiment decreased to 1.6 in 2017 Q3. Its down 0.57, from 2.17 in 2017Q2. It dropped, as 13 investors sold Seacoast Banking Corporation of Florida shares while 29 reduced holdings. 22 funds opened positions while 45 raised stakes. 33.14 million shares or 2.65% more from 32.28 million shares in 2017Q2 were reported. Rmb Mngmt Ltd reported 442,892 shares. Nationwide Fund Advsr accumulated 56,538 shares or 0.01% of the stock. First Quadrant L P Ca holds 3,160 shares. Employees Retirement System Of Texas reported 53,000 shares or 0.02% of all its holdings. Moreover, Manufacturers Life The has 0% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Jpmorgan Chase & holds 0% or 198,620 shares. Moreover, Ubs Asset Mngmt Americas has 0% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Virginia Retirement Et Al holds 0.03% or 87,100 shares. Palisades Hudson Asset Mgmt Limited Partnership has 10,386 shares. Ontario – Canada-based Td Asset Mngmt Inc has invested 0% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Goldman Sachs Grp owns 110,580 shares. Hbk Invests L P, a Texas-based fund reported 15,450 shares. New York-based Tower Cap Limited Liability (Trc) has invested 0.03% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). 156,139 were reported by D E Shaw And Inc. Kennedy Cap Management Inc holds 196,171 shares.

Seacoast Banking Corporation of Florida operates as the bank holding firm for Seacoast National Bank that provides community banking services to the commercial, small business, and retail clients in Florida. The company has market cap of $1.27 billion. It offers various transaction and savings deposit products; secured and unsecured loan products, including revolving credit facilities, letters of credit and related financial guarantees, and asset based financing; and securities and annuity products. It has a 27.39 P/E ratio. The firm also provides trust and asset management services to retirement plans, firms, and individuals; treasury management services; brokerage services; and Internet and mobile banking services.

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