Euronav NV (NASDAQ:EURN) Receives $11.83 Average PT from Brokerages
Shares of Euronav NV (NASDAQ:EURN) have earned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.83.
A number of analysts have issued reports on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $9.50 target price (down from $11.00) on shares of Euronav NV in a research note on Thursday, August 25th. Zacks Investment Research raised shares of Euronav NV from a “sell” rating to a “hold” rating in a research report on Monday, August 29th. Credit Suisse Group AG reissued a “buy” rating and issued a $15.00 price target on shares of Euronav NV in a research report on Friday, August 26th. Deutsche Bank AG reissued a “hold” rating on shares of Euronav NV in a research report on Wednesday, July 6th. Finally, Citigroup Inc. dropped their price target on shares of Euronav NV from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, July 29th.
A number of institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of Euronav NV by 446.0% in the second quarter. Bank of New York Mellon Corp now owns 2,652,679 shares of the company’s stock worth $24,295,000 after buying an additional 2,166,814 shares during the period. AJO LP raised its position in shares of Euronav NV by 236.9% in the second quarter. AJO LP now owns 1,704,643 shares of the company’s stock worth $15,632,000 after buying an additional 1,198,652 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of Euronav NV by 2,634.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 696,843 shares of the company’s stock worth $6,382,000 after buying an additional 671,363 shares during the period. Marshall Wace LLP raised its position in shares of Euronav NV by 914.3% in the second quarter. Marshall Wace LLP now owns 693,504 shares of the company’s stock worth $6,359,000 after buying an additional 625,130 shares during the period. Finally, AXA bought a new position in shares of Euronav NV during the second quarter worth about $3,631,000.
Euronav NV (NASDAQ:EURN) opened at 7.47 on Thursday. The company has a market capitalization of $1.18 billion and a P/E ratio of 3.59. The stock has a 50 day moving average of $8.65 and a 200-day moving average of $9.52. Euronav NV has a 52-week low of $7.39 and a 52-week high of $16.23.
Euronav NV (NASDAQ:EURN) last posted its earnings results on Thursday, July 28th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.13. On average, equities analysts forecast that Euronav NV will post $1.88 earnings per share for the current year.
The company also recently declared a special dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 21st were given a $0.55 dividend. The ex-dividend date was Tuesday, September 20th.
About Euronav NV
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