Euronav NV (NYSE:EURN) Receives $19.18 Average Price Target from Brokerages

Euronav NV (NYSE:EURN) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $19.18.

A number of research analysts have weighed in on EURN shares. StockNews.com raised shares of Euronav from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. raised their price target on shares of Euronav from $17.86 to $21.70 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Jefferies Financial Group reissued 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. Finally, Deutsche Bank Aktiengesellschaft lowered Euronav from a “buy” rating to a “hold” rating and set a $17.86 target price on the stock. in a report on Tuesday, February 6th.

Euronav Trading Down 0.1 %

NYSE EURN opened at $16.67 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.79 and a current ratio of 3.84. Euronav has a 52 week low of $14.10 and a 52 week high of $18.50. The business has a 50 day moving average price of $16.82 and a 200-day moving average price of $17.45.

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

Hedge Funds Weigh In On Euronav

A number of hedge funds and other institutional investors have recently modified their holdings of EURN. Highland Capital Management LLC grew its position in Euronav by 2.4% during the fourth quarter. Highland Capital Management LLC now owns 52,200 shares of the shipping company’s stock valued at $918,000 after buying an additional 1,200 shares during the period. Covestor Ltd boosted its stake in Euronav by 177.1% in the third 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 position in shares of Euronav during the 4th quarter valued at approximately $29,000. Huntington National Bank purchased a new stake in shares of Euronav during the 3rd quarter worth approximately $33,000. Finally, Mackenzie Financial Corp raised its holdings in shares of Euronav by 11.1% in the 3rd quarter. Mackenzie Financial Corp now owns 23,566 shares of the shipping company’s stock worth $359,000 after purchasing an additional 2,355 shares during the period.

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.