Wall Street Zen Downgrades Hafnia (NYSE:HAFN) to Buy

Key Points

• Wall Street Zen downgraded Hafnia from “strong buy” to “buy,” while other analysts maintain mostly “hold” ratings; MarketBeat’s consensus is “Moderate Buy.”
• Hafnia shares opened at $8.17, with a 12-month range of $5.17 to $9.53 and a market capitalization of approximately $4.19 billion.
• The company reported quarterly EPS of $0.36 on revenue of $688.87 million, alongside a 44.74% net margin and 19.20% return on equity.

Hafnia (NYSE:HAFN - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday.

A number of other research analysts have also weighed in on HAFN. Pareto Securities lowered shares of Hafnia to a "hold" rating in a research note on Wednesday, May 27th. Weiss Ratings restated a "hold (c)" rating on shares of Hafnia in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Hafnia Price Performance

Shares of NYSE:HAFN opened at $8.17 on Friday. Hafnia has a twelve month low of $5.17 and a twelve month high of $9.53. The stock's 50 day moving average is $7.41 and its 200-day moving average is $7.61. The company has a quick ratio of 1.48, a current ratio of 1.60 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 8.98 and a beta of 0.63.

Hafnia (NYSE:HAFN - Get Free Report) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.36 earnings per share (EPS) for the quarter. The business had revenue of $688.87 million during the quarter. Hafnia had a net margin of 44.74% and a return on equity of 19.20%.

Institutional Investors Weigh In On Hafnia

Large investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in shares of Hafnia during the 4th quarter worth $36,000. Royal Bank of Canada grew its position in Hafnia by 504.8% during the fourth quarter. Royal Bank of Canada now owns 7,185 shares of the company's stock valued at $38,000 after buying an additional 5,997 shares during the period. Smartleaf Asset Management LLC purchased a new stake in Hafnia during the fourth quarter worth about $47,000. Blue Trust Inc. purchased a new stake in Hafnia during the first quarter worth about $48,000. Finally, GC Wealth Management RIA LLC purchased a new stake in Hafnia during the fourth quarter worth about $53,000.

About Hafnia

Hafnia is a global shipping company listed on the New York Stock Exchange under the ticker HAFN. The firm specializes in the marine transportation of refined petroleum products, providing safe and reliable shipping solutions across key global trade lanes. Its core operations focus on the carriage of gasoline, diesel, jet fuel and other clean petroleum products, catering to the needs of oil majors, trading houses and independent refiners.

The company operates a modern fleet of double-hulled product tankers, managed to comply with stringent safety and environmental standards.

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