Analysts Set Euronav NV (NYSE:EURN) Price Target at $11.20

Euronav NV (NYSE:EURN) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.00.

Several research analysts have recently issued reports on the company. Zacks Investment Research raised Euronav from a “sell” rating to a “hold” rating in a research note on Tuesday. Evercore ISI reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Euronav in a research note on Monday, August 12th. Finally, ValuEngine downgraded Euronav from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.

Shares of EURN stock traded up $0.31 on Friday, reaching $7.56. The company had a trading volume of 431,700 shares, compared to its average volume of 366,902. The stock has a market capitalization of $1.69 billion, a PE ratio of -11.63 and a beta of 0.96. The company has a quick ratio of 1.19, a current ratio of 1.53 and a debt-to-equity ratio of 0.69. Euronav has a one year low of $6.77 and a one year high of $10.22. The business’s 50-day moving average is $8.63 and its 200 day moving average is $8.62.

Institutional investors have recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC acquired a new position in shares of Euronav in the first quarter valued at approximately $133,000. Bank of America Corp DE increased its position in Euronav by 3,965.8% during the 4th quarter. Bank of America Corp DE now owns 475,576 shares of the shipping company’s stock valued at $3,296,000 after purchasing an additional 463,879 shares during the period. Deutsche Bank AG increased its position in Euronav by 29.8% during the 4th quarter. Deutsche Bank AG now owns 1,987,696 shares of the shipping company’s stock valued at $13,773,000 after purchasing an additional 456,406 shares during the period. Deprince Race & Zollo Inc. increased its position in Euronav by 25.7% during the 1st quarter. Deprince Race & Zollo Inc. now owns 2,141,638 shares of the shipping company’s stock valued at $17,454,000 after purchasing an additional 438,133 shares during the period. Finally, Norges Bank acquired a new stake in Euronav during the 4th quarter valued at approximately $30,706,000. 29.93% of the stock is owned by institutional investors.

About Euronav

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.

Recommended Story: Why do companies issue convertible shares?

Analyst Recommendations for Euronav (NYSE:EURN)

Receive News & Ratings for Euronav Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronav and related companies with MarketBeat.com's FREE daily email newsletter.