Euronav NV (NYSE:EURN) Receives $19.18 Consensus Target Price from Analysts

Euronav NV (NYSE:EURN) has been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $19.18.

A number of research firms have recently commented on EURN. Jefferies Financial Group reaffirmed a “hold” rating and set a $18.00 price objective (down from $21.00) on shares of Euronav in a report on Wednesday, January 31st. JPMorgan Chase & Co. raised their price target on shares of Euronav from $17.86 to $21.70 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Deutsche Bank Aktiengesellschaft downgraded Euronav from a “buy” rating to a “hold” rating and set a $17.86 price objective on the stock. in a report on Tuesday, February 6th. Finally, StockNews.com raised Euronav from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th.

Institutional Trading of Euronav

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new stake in shares of Euronav during the 3rd quarter worth approximately $4,220,000. Penserra Capital Management LLC acquired a new stake in Euronav during the 3rd quarter worth $407,000. Covestor Ltd raised its position in shares of Euronav by 177.1% during the 3rd quarter. Covestor Ltd now owns 2,505 shares of the shipping company’s stock valued at $41,000 after acquiring an additional 1,601 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of Euronav during the 4th quarter valued at $29,000. Finally, Significant Wealth Partners LLC acquired a new position in shares of Euronav in the 4th quarter valued at $356,000.

Euronav Trading Down 0.1 %

Shares of EURN stock opened at $16.67 on Monday. The company has a current ratio of 3.84, a quick ratio of 3.79 and a debt-to-equity ratio of 0.27. Euronav has a 12 month low of $14.10 and a 12 month high of $18.50. The stock has a 50 day moving average of $16.82 and a two-hundred day moving average of $17.45.

Euronav (NYSE:EURN) last issued its earnings results on Thursday, February 1st. The shipping company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.53 by $0.24. The firm had revenue of $233.62 million during the quarter, compared to analysts’ expectations of $266.87 million. Euronav had a return on equity of 25.45% and a net margin of 69.69%. On average, research analysts expect that Euronav will post 1.91 EPS for the current year.

Euronav 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.