At the time of writing, Scorpio Tankers Inc [STNG] stock is trading at $54.85, up 4.70%. An important factor to consider is whether the stock is rising or falling in short-term value. The STNG shares have gain 9.63% over the last week, with a monthly amount glided 12.24%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Scorpio Tankers Inc [NYSE: STNG] stock has seen the most recent analyst activity on October 23, 2024, when Stifel downgraded its rating to a Hold and also revised its price target to $65 from $90. Previously, BofA Securities downgraded its rating to Neutral on July 21, 2023, and dropped its price target to $45. On June 30, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $55 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $87 on March 08, 2023. Deutsche Bank upgraded its rating to a Hold and raised its price target to $38 on October 11, 2022. Jefferies started tracking with a Buy rating for this stock on July 21, 2022, and assigned it a price target of $47.
For the past year, the stock price of Scorpio Tankers Inc fluctuated between $45.94 and $84.67. Currently, Wall Street analysts expect the stock to reach $72.75 within the next 12 months. Scorpio Tankers Inc [NYSE: STNG] shares were valued at $54.85 at the most recent close of the market. An investor can expect a potential return of 32.63% based on the average STNG price forecast.
Analyzing the STNG fundamentals
According to Scorpio Tankers Inc [NYSE:STNG], the company’s sales were 1.38B for trailing twelve months, which represents an -7.97% plunge. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.57%, Pretax Profit Margin comes in at 0.52%, and Net Profit Margin reading is 0.52%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is 0.26 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.29.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 53.87 points at the first support level, and at 52.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.84, and for the 2nd resistance point, it is at 56.84.
Ratios To Look Out For
It is important to note that Scorpio Tankers Inc [NYSE:STNG] has a current ratio of 2.21. On the other hand, the Quick Ratio is 2.18, and the Cash Ratio is 0.83. Considering the valuation of this stock, the price to sales ratio is 2.12, the price to book ratio is 0.98 and price to earnings (TTM) ratio is 3.93.
Transactions by insiders
Recent insider trading involved Avella Christopher John, Officer, that happened on Nov 26 ’24 when 24667.0 shares were purchased. Officer, Lauro Filippo completed a deal on Oct 04 ’24 to buy 0.25 million shares.
