Evercore ISI reaffirmed their buy rating on shares of Euronav (NYSE:EURN) in a report released on Monday, AnalystRatings.com reports. Evercore ISI currently has a $16.00 price target on the shipping company’s stock.
Several other brokerages also recently issued reports on EURN. TheStreet raised shares of Euronav from a d+ rating to a c- rating in a research report on Monday, April 15th. ValuEngine downgraded shares of Euronav from a buy rating to a hold rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of Euronav from a buy rating to a hold rating in a research report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Euronav presently has an average rating of Buy and an average price target of $11.83.
Shares of Euronav stock opened at $7.25 on Monday. Euronav has a 1 year low of $6.77 and a 1 year high of $10.22. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.29. The company has a market capitalization of $1.67 billion, a P/E ratio of -11.15 and a beta of 0.96. The company’s fifty day moving average is $8.66 and its two-hundred day moving average is $8.63.
Euronav NV, together with its subsidiaries, engages in the 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 December 12, 2018, it owned and operated a fleet of vessels, including 43 very large crude carriers, 2 ULCCs, 26 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 1 LR1s.
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