Euronav NV (NYSE:EURN) Given Consensus Rating of “Hold” by Brokerages

Shares of Euronav NV (NYSE:EURNGet Free Report) have received a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $19.72.

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

Get Our Latest Analysis on EURN

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EURN. Blue Trust Inc. acquired a new position in Euronav in the 4th quarter valued at $29,000. Huntington National Bank acquired a new position in Euronav in the 3rd quarter valued at $33,000. Covestor Ltd raised its stake in Euronav by 177.1% in the 3rd quarter. Covestor Ltd now owns 2,505 shares of the shipping company’s stock valued at $41,000 after purchasing an additional 1,601 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Euronav in the 3rd quarter valued at $62,000. Finally, Advisor Group Holdings Inc. raised its stake in Euronav by 240.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 4,580 shares of the shipping company’s stock valued at $78,000 after purchasing an additional 3,234 shares during the last quarter.

Euronav Stock Performance

EURN opened at $16.87 on Thursday. Euronav has a 52-week low of $14.10 and a 52-week high of $18.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.88 and a current ratio of 1.94. The firm’s 50-day moving average price is $17.30 and its 200-day moving average price is $17.51.

Euronav (NYSE:EURNGet Free Report) last posted its quarterly earnings data 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 25.44%. The firm had revenue of $233.62 million for the quarter, compared to the consensus estimate of $266.87 million. Analysts predict that Euronav will post 1.87 earnings per share for the current year.

About Euronav

(Get Free Report

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.

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Analyst Recommendations for Euronav (NYSE:EURN)

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