Frontline (FRO) Stock Forecast, Price Target & Predictions
FRO Stock Forecast
Frontline stock forecast is as follows: an average price target of $27.50 (represents a 91.64% upside from FRO’s last price of $14.35) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
FRO Price Target
The average price target for Frontline (FRO) is $27.50 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $30.00 to $25.00. This represents a potential 91.64% upside from FRO's last price of $14.35.
FRO Analyst Ratings
According to 6 Wall Street analysts, Frontline's rating consensus is 'Buy'. The analyst rating breakdown for FRO stock is 0 'Strong Buy' (0.00%), 4 'Buy' (66.67%), 2 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Frontline Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 27, 2024 | Jonathan Chappell | Evercore ISI | $25.00 | $16.98 | 47.23% | 74.22% |
| Oct 07, 2024 | Gregory Lewis | BTIG | $30.00 | $25.68 | 16.82% | 109.06% |
| Mar 21, 2024 | Omar Nokta | Jefferies | $30.00 | $23.44 | 27.99% | 109.06% |
| Jan 09, 2024 | Amit Mehrotra | Deutsche Bank | $26.00 | $21.68 | 19.95% | 81.18% |
| Jun 29, 2023 | Amit Mehrotra | Deutsche Bank | $17.00 | $13.92 | 22.13% | 18.47% |
The latest Frontline stock forecast, released on Nov 27, 2024 by Jonathan Chappell from Evercore ISI, set a price target of $25.00, which represents a 47.23% increase from the stock price at the time of the forecast ($16.98), and a 74.22% increase from FRO last price ($14.35).
Frontline Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 4 |
| Avg Price Target | $25.00 | $27.50 | $27.75 |
| Last Closing Price | $14.35 | $14.35 | $14.35 |
| Upside/Downside | 74.22% | 91.64% | 93.38% |
In the current month, the average price target of Frontline stock is $25.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 74.22% increase as opposed to Frontline's last price of $14.35. This month's average price target is down -9.09% compared to last quarter, and down -9.91% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 27, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Oct 07, 2024 | BTIG | Buy | Upgrade | |
| Aug 30, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Aug 30, 2024 | Jefferies | Buy | Buy | Hold |
| May 30, 2024 | Jefferies | Buy | Buy | Hold |
| Mar 01, 2024 | J.P. Morgan | Buy | Buy | Hold |
| Oct 10, 2023 | Jefferies | Hold | Hold | Hold |
| Sep 06, 2022 | Deutsche Bank | Hold | Hold | Hold |
| Sep 06, 2022 | Jefferies | Hold | Buy | Upgrade |
| Apr 26, 2022 | Zacks Investment Research | Hold | Upgrade | |
| Feb 18, 2022 | Jefferies | Hold | Hold | Hold |
Frontline's last stock rating was published by Evercore ISI on Nov 27, 2024. The company gave FRO a "Outperform" rating, the same as its previous rate.
Frontline Financial Forecast
Frontline Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $497.33M | $530.14M | $382.19M | $300.44M | $217.44M | $213.55M | $171.82M | $170.02M | $193.99M | $174.87M | $247.41M |
| Avg Forecast | $1.05B | $991.30M | $934.82M | $881.56M | $416.90M | $416.90M | $412.37M | $407.83M | $476.82M | $331.08M | $343.12M | $361.73M | $278.37M | $309.11M | $383.88M | $380.73M | $280.36M | $252.35M | $356.21M | $371.37M | $223.30M | $167.35M | $105.40M | $117.30M | $74.49M | $89.04M | $102.53M | $105.78M | $181.19M | $326.05M |
| High Forecast | $1.13B | $1.06B | $1.00B | $946.57M | $447.64M | $447.64M | $442.78M | $437.91M | $511.99M | $355.50M | $368.42M | $379.74M | $298.90M | $331.91M | $386.36M | $381.54M | $288.81M | $253.26M | $382.48M | $398.76M | $239.77M | $167.35M | $105.40M | $117.30M | $74.49M | $89.04M | $102.53M | $105.78M | $181.19M | $326.05M |
| Low Forecast | $991.00M | $934.54M | $881.29M | $831.08M | $393.03M | $393.03M | $388.75M | $384.48M | $449.52M | $312.12M | $323.47M | $343.19M | $262.43M | $291.41M | $381.40M | $379.92M | $271.91M | $251.44M | $335.82M | $350.10M | $210.52M | $167.35M | $105.40M | $117.30M | $74.49M | $89.04M | $102.53M | $105.78M | $181.19M | $326.05M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 7 | 13 | 13 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.34% | 2.37% | 2.28% | 2.85% | 1.85% | 2.87% | 1.93% | 1.66% | 1.83% | 0.97% | 0.76% |
Frontline's average Quarter revenue forecast for Jun 23 based on 2 analysts is $356.21M, with a low forecast of $335.82M, and a high forecast of $382.48M. FRO's average Quarter revenue forecast represents a -28.38% decrease compared to the company's last Quarter revenue of $497.33M (Mar 23).
Frontline EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 7 | 13 | 13 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $303.05M | $290.96M | $156.50M | $106.71M | $16.48M | $76.36M | $19.35M | $25.33M | $61.78M | $-5.65M | $106.90M |
| Avg Forecast | $478.30M | $451.05M | $425.35M | $401.12M | $189.69M | $189.69M | $187.63M | $185.57M | $216.96M | $150.65M | $156.12M | $164.59M | $126.66M | $140.65M | $174.67M | $89.56M | $127.57M | $114.82M | $162.08M | $95.78M | $205.23M | $70.72M | $44.54M | $87.08M | $31.48M | $37.63M | $43.33M | $44.70M | $76.57M | $137.78M |
| High Forecast | $513.58M | $484.32M | $456.72M | $430.70M | $203.68M | $203.68M | $201.47M | $199.26M | $232.96M | $161.76M | $167.64M | $172.79M | $136.01M | $151.02M | $175.80M | $107.47M | $131.41M | $115.24M | $174.03M | $114.94M | $246.28M | $70.72M | $44.54M | $104.49M | $31.48M | $37.63M | $43.33M | $44.70M | $76.57M | $137.78M |
| Low Forecast | $450.92M | $425.23M | $401.00M | $378.15M | $178.83M | $178.83M | $176.89M | $174.94M | $204.54M | $142.02M | $147.18M | $156.15M | $119.41M | $132.60M | $173.54M | $71.65M | $123.72M | $114.41M | $152.80M | $76.63M | $164.19M | $70.72M | $44.54M | $69.66M | $31.48M | $37.63M | $43.33M | $44.70M | $76.57M | $137.78M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.16% | 1.42% | 2.21% | 2.40% | 0.19% | 2.43% | 0.51% | 0.58% | 1.38% | -0.07% | 0.78% |
2 analysts predict FRO's average Quarter EBITDA for Jun 23 to be $162.08M, with a high of $174.03M and a low of $152.80M. This is -46.52% lower than Frontline's previous annual EBITDA (Mar 23) of $303.05M.
Frontline Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 7 | 13 | 13 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $199.63M | $240.03M | $154.44M | $47.10M | $31.15M | $19.78M | $-33.21M | $-26.63M | $28.89M | $-9.18M | $57.07M |
| Avg Forecast | $166.98M | $165.37M | $160.51M | $155.04M | $160.33M | $158.06M | $153.61M | $149.16M | $192.78M | $87.40M | $151.20M | $153.73M | $63.33M | $80.43M | $170.14M | $32.04M | $113.27M | $103.53M | $188.11M | $34.26M | $49.94M | $55.94M | $-2.14M | $31.15M | $-37.97M | $-23.13M | $-18.59M | $117.02M | $77.68M | $237.35M |
| High Forecast | $182.99M | $181.22M | $175.90M | $169.91M | $175.70M | $173.22M | $168.34M | $163.46M | $211.26M | $95.78M | $165.69M | $168.47M | $69.40M | $88.14M | $171.34M | $38.44M | $128.52M | $104.65M | $206.14M | $41.12M | $59.93M | $55.94M | $-2.14M | $37.38M | $-37.97M | $-23.13M | $-18.59M | $140.43M | $77.68M | $237.35M |
| Low Forecast | $154.55M | $153.06M | $148.56M | $143.50M | $148.40M | $146.30M | $142.18M | $138.06M | $178.43M | $80.90M | $139.94M | $142.29M | $58.61M | $74.44M | $168.94M | $25.63M | $98.02M | $102.41M | $174.10M | $27.41M | $39.95M | $55.94M | $-2.14M | $24.92M | $-37.97M | $-23.13M | $-18.59M | $93.62M | $77.68M | $237.35M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.83% | 4.81% | 2.76% | -22.05% | 1.00% | -0.52% | 1.44% | 1.43% | 0.25% | -0.12% | 0.24% |
Frontline's average Quarter net income forecast for Jun 23 is $188.11M, with a range of $174.10M to $206.14M. FRO's average Quarter net income forecast represents a -5.77% decrease compared to the company's last Quarter net income of $199.63M (Mar 23).
Frontline SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 7 | 13 | 13 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $12.64M | $18.39M | $13.67M | $9.10M | $7.14M | $7.11M | $6.45M | $7.95M | $6.38M | $15.65M | $14.28M |
| Avg Forecast | $41.18M | $38.83M | $36.62M | $34.53M | $16.33M | $16.33M | $16.15M | $15.98M | $18.68M | $12.97M | $13.44M | $14.17M | $10.91M | $12.11M | $15.04M | $7.35M | $10.98M | $9.89M | $13.95M | $7.86M | $17.94M | $6.57M | $4.14M | $7.14M | $2.93M | $3.50M | $4.03M | $25.86M | $7.12M | $12.81M |
| High Forecast | $44.22M | $41.70M | $39.32M | $37.08M | $17.54M | $17.54M | $17.35M | $17.16M | $20.06M | $13.93M | $14.43M | $14.88M | $11.71M | $13.00M | $15.14M | $8.81M | $11.31M | $9.92M | $14.98M | $9.43M | $21.53M | $6.57M | $4.14M | $8.57M | $2.93M | $3.50M | $4.03M | $31.03M | $7.12M | $12.81M |
| Low Forecast | $38.82M | $36.61M | $34.52M | $32.56M | $15.40M | $15.40M | $15.23M | $15.06M | $17.61M | $12.23M | $12.67M | $13.44M | $10.28M | $11.42M | $14.94M | $5.88M | $10.65M | $9.85M | $13.16M | $6.28M | $14.35M | $6.57M | $4.14M | $5.71M | $2.93M | $3.50M | $4.03M | $20.68M | $7.12M | $12.81M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.61% | 1.03% | 2.08% | 2.20% | 1.00% | 2.43% | 1.84% | 1.97% | 0.25% | 2.20% | 1.12% |
Frontline's average Quarter SG&A projection for Jun 23 is $13.95M, based on 2 Wall Street analysts, with a range of $13.16M to $14.98M. The forecast indicates a 10.42% rise compared to FRO last annual SG&A of $12.64M (Mar 23).
Frontline EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 3 | 3 | 3 | 4 | 4 | 7 | 13 | 13 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.90 | $1.08 | $0.69 | $0.23 | $0.15 | $0.10 | $-0.17 | $-0.13 | $0.15 | $-0.05 | $0.29 |
| Avg Forecast | $0.75 | $0.74 | $0.72 | $0.70 | $0.72 | $0.71 | $0.69 | $0.67 | $0.87 | $0.39 | $0.68 | $0.69 | $0.28 | $0.36 | $0.76 | $0.86 | $0.51 | $0.47 | $0.84 | $0.95 | $0.47 | $0.25 | $-0.01 | $0.02 | $-0.17 | $-0.10 | $-0.08 | $-0.02 | $0.35 | $1.07 |
| High Forecast | $0.82 | $0.81 | $0.79 | $0.76 | $0.79 | $0.78 | $0.76 | $0.73 | $0.95 | $0.43 | $0.74 | $0.76 | $0.31 | $0.40 | $0.77 | $0.87 | $0.58 | $0.47 | $0.93 | $1.04 | $0.52 | $0.25 | $-0.01 | $0.02 | $-0.17 | $-0.10 | $-0.08 | $-0.02 | $0.35 | $1.07 |
| Low Forecast | $0.69 | $0.69 | $0.67 | $0.64 | $0.67 | $0.66 | $0.64 | $0.62 | $0.80 | $0.36 | $0.63 | $0.64 | $0.26 | $0.33 | $0.76 | $0.85 | $0.44 | $0.46 | $0.78 | $0.88 | $0.44 | $0.25 | $-0.01 | $0.02 | $-0.17 | $-0.10 | $-0.08 | $-0.02 | $0.35 | $1.07 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 2.28% | 2.75% | -23.98% | 6.15% | -0.59% | 1.64% | 1.56% | -6.99% | -0.13% | 0.27% |
According to 2 Wall Street analysts, Frontline's projected average Quarter EPS for Jun 23 is $0.84, with a low estimate of $0.78 and a high estimate of $0.93. This represents a -6.12% decrease compared to FRO previous annual EPS of $0.90 (Mar 23).