CMB.TECH (NYSE:CMBT) Stock Rating Upgraded by Berenberg Bank

CMB.TECH (NYSE:CMBT) was upgraded by equities research analysts at Berenberg Bank to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities analysts have also commented on CMBT. Weiss Ratings upgraded shares of CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 14th. Wall Street Zen upgraded shares of CMB.TECH from a “sell” rating to a “hold” rating in a research report on Sunday, April 12th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

CMB.TECH Price Performance

CMBT stock opened at $12.88 on Wednesday. The firm has a 50 day moving average of $13.10 and a 200-day moving average of $11.33. The company has a current ratio of 0.86, a quick ratio of 0.79 and a debt-to-equity ratio of 1.80. CMB.TECH has a 12 month low of $7.78 and a 12 month high of $14.93. The firm has a market capitalization of $2.59 billion, a P/E ratio of 19.82 and a beta of -0.03.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Mcguire Capital Advisors Inc. purchased a new position in shares of CMB.TECH during the fourth quarter worth approximately $26,000. Raymond James Financial Inc. purchased a new position in shares of CMB.TECH during the second quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of CMB.TECH during the fourth quarter worth approximately $29,000. Public Employees Retirement System of Ohio purchased a new position in shares of CMB.TECH during the third quarter worth approximately $45,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of CMB.TECH during the third quarter worth approximately $56,000.

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.