CMB.TECH (NYSE:CMBT) Rating Lowered to “Hold” at Wall Street Zen

CMB.TECH (NYSE:CMBT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of CMB.TECH in a report on Tuesday, August 25th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

CMB.TECH Price Performance

NYSE CMBT opened at $19.49 on Friday. The firm has a market cap of $3.89 billion, a PE ratio of 6.70 and a beta of 0.14. CMB.TECH has a one year low of $8.88 and a one year high of $19.61. The stock’s 50 day simple moving average is $16.36 and its 200 day simple moving average is $14.86. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.12 and a quick ratio of 0.97.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CMBT. Vanguard Group Inc. lifted its holdings in CMB.TECH by 3,042.0% during the 3rd quarter. Vanguard Group Inc. now owns 4,242,670 shares of the company’s stock worth $40,701,000 after buying an additional 4,107,637 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of CMB.TECH in the 1st quarter valued at $28,965,000. Norges Bank acquired a new stake in shares of CMB.TECH in the 4th quarter valued at $21,956,000. Marshall Wace LLP bought a new stake in shares of CMB.TECH during the third quarter worth $17,428,000. Finally, Millennium Management LLC bought a new stake in shares of CMB.TECH during the fourth quarter worth $15,792,000.

CMB.TECH Company Profile

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.