Jefferies Financial Group Lowers Hafnia (NYSE:HAFN) Price Target to $8.00

Hafnia (NYSE:HAFN) had its price objective cut by equities research analysts at Jefferies Financial Group from $9.00 to $8.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 52.09% from the stock’s current price.

Hafnia Price Performance

Shares of NYSE HAFN opened at $5.26 on Thursday. The firm has a market cap of $2.67 billion and a P/E ratio of 3.35. The business’s 50 day moving average is $6.71 and its 200-day moving average is $7.55. 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 1-year low of $5.13 and a 1-year high of $8.99.

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

Institutional Investors Weigh In On Hafnia

A number of large investors have recently added to or reduced their stakes in the stock. Mondrian Investment Partners LTD bought a new position in Hafnia in the 2nd quarter valued at about $43,000. Allspring Global Investments Holdings LLC bought a new position in Hafnia in the second quarter valued at approximately $60,000. Prudential PLC acquired a new position in Hafnia during the second quarter valued at approximately $100,000. Infrastructure Capital Advisors LLC bought a new stake in Hafnia during the third quarter worth $119,000. Finally, TD Asset Management Inc acquired a new stake in shares of Hafnia in the 2nd quarter valued at $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.