Hafnia (NYSE:HAFN) Given New $8.00 Price Target at Jefferies Financial Group

Hafnia (NYSE:HAFN) had its price objective decreased by equities research analysts at Jefferies Financial Group from $9.00 to $8.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 48.42% from the company’s current price.

Hafnia Stock Performance

Hafnia stock traded up $0.16 during midday trading on Thursday, hitting $5.39. The stock had a trading volume of 1,384,349 shares, compared to its average volume of 602,680. The company has a current ratio of 1.49, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. Hafnia has a 52-week low of $5.13 and a 52-week high of $8.99. The company has a market capitalization of $2.73 billion and a PE ratio of 3.44. The firm’s fifty day moving average is $6.74 and its two-hundred day moving average is $7.56.

Hafnia (NYSE:HAFN) last announced its quarterly earnings data on Friday, August 23rd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.42 by $0.09. Hafnia had a net margin of 47.30% and a return on equity of 34.28%. The firm had revenue of $417.36 million for the quarter, compared to the consensus estimate of $387.14 million. On average, research analysts forecast that Hafnia will post 1.59 EPS for the current year.

Institutional Investors Weigh In On Hafnia

Several institutional investors and hedge funds have recently modified their holdings of HAFN. Mondrian Investment Partners LTD purchased a new position in Hafnia during the second quarter valued at $43,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Hafnia during the second quarter valued at about $60,000. Prudential PLC bought a new stake in shares of Hafnia in the second quarter worth about $100,000. Infrastructure Capital Advisors LLC purchased a new stake in shares of Hafnia in the third quarter worth about $119,000. Finally, TD Asset Management Inc bought a new position in Hafnia during the second quarter valued at approximately $148,000.

About Hafnia

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.