CMB.TECH (NYSE:CMBT) Stock Rating Upgraded by Wall Street Zen

CMB.TECH (NYSE:CMBT) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Separately, Weiss Ratings raised CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

CMB.TECH Price Performance

Shares of NYSE CMBT opened at $12.66 on Friday. The business’s 50 day moving average price is $13.03 and its two-hundred day moving average price is $11.16. The company has a market cap of $2.48 billion, a PE ratio of 19.47 and a beta of -0.03. The company has a quick ratio of 0.79, a current ratio of 0.86 and a debt-to-equity ratio of 1.80. CMB.TECH has a twelve month low of $7.78 and a twelve month high of $14.93.

CMB.TECH (NYSE:CMBT) last announced its quarterly earnings results on Friday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The business had revenue of $589.12 million for the quarter, compared to analyst estimates of $449.43 million. CMB.TECH had a return on equity of 6.25% and a net margin of 9.70%.

Hedge Funds Weigh In On CMB.TECH

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of CMB.TECH in the third quarter valued at approximately $1,485,000. Folketrygdfondet bought a new stake in shares of CMB.TECH in the third quarter valued at approximately $51,651,000. Graham Capital Wealth Management LLC boosted its stake in shares of CMB.TECH by 36.3% in the fourth quarter. Graham Capital Wealth Management LLC now owns 437,222 shares of the company’s stock valued at $4,219,000 after buying an additional 116,500 shares during the period. Quantbot Technologies LP bought a new stake in shares of CMB.TECH in the third quarter valued at approximately $494,000. Finally, AdvisorShares Investments LLC bought a new stake in shares of CMB.TECH in the third quarter valued at approximately $511,000.

About CMB.TECH

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.