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Bank of America Securities Sticks to Its Sell Rating for Scorpio Tankers (STNG)

Tipranks - Tipranks - Sat Feb 14, 7:46AM CST

Bank of America Securities analyst Ken Hoexter reiterated a Sell rating on Scorpio Tankers today and set a price target of $61.00.

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According to TipRanks, Hoexter is a 3-star analyst with an average return of 1.7% and a 49.70% success rate. Hoexter covers the Industrials sector, focusing on stocks such as FedEx, Union Pacific, and XPO.

Currently, the analyst consensus on Scorpio Tankers is a Moderate Buy with an average price target of $78.67.

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Based on Scorpio Tankers’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $241.36 million and a net profit of $84.45 million. In comparison, last year the company earned a revenue of $267.99 million and had a net profit of $158.71 million

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