CMB.TECH (NYSE:CMBT) Stock Bumped Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of CMB.TECH (NYSE:CMBT) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of CMB.TECH from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

CMB.TECH Stock Performance

NYSE CMBT opened at $16.64 on Friday. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 5.72 and a beta of 0.21. The company has a quick ratio of 0.97, a current ratio of 1.12 and a debt-to-equity ratio of 1.56. The business has a 50-day moving average price of $18.90 and a 200-day moving average price of $15.54. CMB.TECH has a twelve month low of $9.27 and a twelve month high of $21.19.

CMB.TECH (NYSE:CMBT) last released its earnings results on Tuesday, August 11th. The company reported $1.26 earnings per share (EPS) for the quarter. The firm had revenue of $703.94 million during the quarter. CMB.TECH had a return on equity of 30.02% and a net margin of 37.19%.

CMB.TECH Dividend Announcement

The business also recently declared a special dividend, which was paid on Thursday, October 22nd. Shareholders of record on Friday, October 16th were paid a $0.43 dividend. The ex-dividend date was Friday, October 16th. CMB.TECH’s payout ratio is presently 16.84%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CMBT. Valley Wealth Managers Inc. bought a new stake in shares of CMB.TECH in the first quarter worth about $33,000. Integrated Wealth Concepts LLC bought a new position in CMB.TECH during the second quarter valued at approximately $46,000. Optiver Holding B.V. grew its holdings in CMB.TECH by 145.7% during the 1st quarter. Optiver Holding B.V. now owns 12,473 shares of the company’s stock valued at $158,000 after buying an additional 7,397 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in CMB.TECH by 41.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 15,693 shares of the company’s stock valued at $297,000 after buying an additional 4,616 shares in the last quarter. Finally, Amundi bought a new stake in CMB.TECH in the 1st quarter worth approximately $246,000.

CMB.TECH Company Profile

CMB.TECH is a diversified maritime and clean-technology company headquartered in Antwerp, Belgium. The company owns and operates a fleet of commercial vessels serving international trade, with activities spanning dry bulk shipping, container shipping, chemical tankers and other specialized maritime segments.

In addition to conventional shipping, CMB.TECH develops and deploys low-carbon technologies for maritime and industrial applications. Its portfolio includes vessels and equipment designed to operate on alternative fuels such as hydrogen and ammonia, as well as related hydrogen-fueled trucks, locomotives and marine applications.