Brokerages Set Euronav NV (EURN) Price Target at $9.00
Euronav NV (NASDAQ:EURN) has earned an average rating of “Hold” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $9.00.
Several analysts have recently commented on EURN shares. ValuEngine lowered shares of Euronav NV from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub lowered shares of Euronav NV from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Euronav NV from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research report on Monday, June 26th. TheStreet upgraded shares of Euronav NV from a “d+” rating to a “c-” rating in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus restated a “hold” rating and set a $8.00 target price on shares of Euronav NV in a research report on Friday, July 7th.
Euronav NV (EURN) remained flat at $7.95 on Friday. The company had a trading volume of 445,294 shares. The firm has a market cap of $1.26 billion and a P/E ratio of 20.98. Euronav NV has a one year low of $6.65 and a one year high of $8.93. The firm’s 50-day moving average price is $7.95 and its 200 day moving average price is $8.09.
The company also recently announced a semiannual dividend, which will be paid on Thursday, October 5th. Investors of record on Tuesday, September 26th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, September 25th. This represents a yield of 1.61%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC boosted its position in Euronav NV by 41.8% during the second quarter. Cubist Systematic Strategies LLC now owns 13,218 shares of the shipping company’s stock worth $104,000 after acquiring an additional 3,895 shares during the last quarter. Virtu KCG Holdings LLC acquired a new stake in Euronav NV during the second quarter worth approximately $138,000. M&T Bank Corp boosted its position in Euronav NV by 78.0% during the first quarter. M&T Bank Corp now owns 22,003 shares of the shipping company’s stock worth $174,000 after acquiring an additional 9,642 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Euronav NV by 121.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,501 shares of the shipping company’s stock worth $188,000 after acquiring an additional 12,895 shares during the last quarter. Finally, Yorktown Management & Research Co Inc acquired a new stake in Euronav NV during the first quarter worth approximately $198,000.
About Euronav NV
Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.
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