Euronav NV (NYSE:EURN) Receives Average Recommendation of “Hold” from Brokerages

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

EURN has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Euronav from $17.86 to $21.70 and gave the company a “neutral” rating in a report on Friday, February 23rd. 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 note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft lowered Euronav from a “buy” rating to a “hold” rating and set a $17.86 price target on the stock. in a research report on Tuesday, February 6th. Finally, StockNews.com upgraded Euronav from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EURN. Highland Capital Management LLC raised its holdings in Euronav by 2.4% during the 4th quarter. Highland Capital Management LLC now owns 52,200 shares of the shipping company’s stock worth $918,000 after purchasing an additional 1,200 shares during the last quarter. Covestor Ltd grew 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 worth $41,000 after buying an additional 1,601 shares during the period. Blue Trust Inc. bought a new stake in shares of Euronav during the fourth quarter worth approximately $29,000. Huntington National Bank acquired a new position in Euronav in the third quarter valued at approximately $33,000. Finally, Mackenzie Financial Corp boosted its stake in Euronav by 11.1% in the third quarter. Mackenzie Financial Corp now owns 23,566 shares of the shipping company’s stock valued at $359,000 after acquiring an additional 2,355 shares during the last quarter.

Euronav Stock Up 2.6 %

Shares of EURN opened at $16.85 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.84 and a quick ratio of 3.79. Euronav has a 1 year low of $14.10 and a 1 year high of $18.50. The stock has a 50 day simple moving average of $16.89 and a 200-day simple moving average of $17.47.

Euronav (NYSE:EURN) last released its quarterly earnings data on Thursday, February 1st. The shipping company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.24. Euronav had a return on equity of 25.45% and a net margin of 69.69%. The firm had revenue of $233.62 million during the quarter, compared to analyst estimates of $266.87 million. As a group, equities research analysts expect that Euronav will post 1.91 earnings per share for the current fiscal 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.