Today Morgan Stanley Reconfirms a Overweight Rating on Scorpio Tankers (NYSE:STNG) and a $3.5 Target Price

February 13, 2018 - By Darrin Black

 Today Morgan Stanley Reconfirms a Overweight Rating on Scorpio Tankers (NYSE:STNG) and a $3.5 Target Price

Scorpio Tankers (NYSE:STNG) Rating Reaffirmed

Research professionals at Morgan Stanley now has a $3.5 TP on Scorpio Tankers (NYSE:STNG). Morgan Stanley and their recent TP means a potential upside of 49.57 % from the company’s previous close. The rating has been shown in a research report on Monday morning.

Scorpio Tankers Inc. (NYSE:STNG) Ratings Coverage

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 218.63% above currents $2.335 stock price. Scorpio Tankers Inc. had 33 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by Jefferies with “Buy” on Monday, December 18. On Wednesday, July 27 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, November 28. The stock of Scorpio Tankers Inc. (NYSE:STNG) has “Buy” rating given on Friday, May 26 by Stifel Nicolaus. The stock of Scorpio Tankers Inc. (NYSE:STNG) has “Overweight” rating given on Friday, November 17 by Morgan Stanley. The stock of Scorpio Tankers Inc. (NYSE:STNG) earned “Buy” rating by UBS on Monday, November 13. The stock of Scorpio Tankers Inc. (NYSE:STNG) earned “Buy” rating by Jefferies on Monday, July 3. The rating was maintained by Jefferies with “Buy” on Monday, September 18. The stock has “Buy” rating by Deutsche Bank on Thursday, February 18. Jefferies maintained Scorpio Tankers Inc. (NYSE:STNG) rating on Friday, July 21. Jefferies has “Buy” rating and $5.5000 target.

The stock decreased 1.06% or $0.025 during the last trading session, reaching $2.335. About 1.88M shares traded. Scorpio Tankers Inc. (NYSE:STNG) has declined 23.80% since February 13, 2017 and is downtrending. It has underperformed by 40.50% the S&P500.

Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide. The company has market cap of $736.92 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.

Another recent and important Scorpio Tankers Inc. (NYSE:STNG) news was published by Globenewswire.com which published an article titled: “Scorpio Tankers Inc. Announces Fourth Quarter 2017 Earnings Release and …” on January 29, 2018.

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