Citigroup Inc. Reaffirms “Buy” Rating for Euronav NV (EURN)
Euronav NV (NASDAQ:EURN)‘s stock had its “buy” rating reiterated by research analysts at Citigroup Inc. in a research report issued to clients and investors on Saturday. They presently have a $9.00 price objective on the stock, down from their prior price objective of $11.00. Citigroup Inc.’s price target suggests a potential upside of 9.62% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. Wells Fargo & Co. reiterated a “buy” rating on shares of Euronav NV in a research report on Tuesday, September 27th. Credit Suisse Group AG restated a “buy” rating and issued a $15.00 price target on shares of Euronav NV in a research report on Friday, August 26th. Morgan Stanley restated an “equal weight” rating and issued a $9.50 price target (down previously from $11.00) on shares of Euronav NV in a research report on Thursday, August 25th. Deutsche Bank AG restated a “hold” rating on shares of Euronav NV in a research report on Wednesday, July 6th. Finally, Zacks Investment Research upgraded Euronav NV from a “sell” rating to a “hold” rating in a research report on Monday, August 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Euronav NV presently has an average rating of “Buy” and an average target price of $11.17.
Shares of Euronav NV (NASDAQ:EURN) opened at 8.21 on Friday. The firm has a market cap of $1.30 billion and a P/E ratio of 3.95. Euronav NV has a 52 week low of $7.39 and a 52 week high of $16.23. The stock has a 50 day moving average of $8.52 and a 200 day moving average of $9.47.
Euronav NV (NASDAQ:EURN) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.13. Analysts anticipate that Euronav NV will post $1.88 earnings per share for the current fiscal year.
The firm also recently disclosed a special dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 21st were paid a $0.55 dividend. The ex-dividend date was Tuesday, September 20th.
A number of hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank raised its stake in Euronav NV by 6.0% in the second quarter. Swiss National Bank now owns 211,939 shares of the company’s stock valued at $1,940,000 after buying an additional 12,073 shares during the period. DekaBank Deutsche Girozentrale raised its stake 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 last quarter. Schroder Investment Management Group purchased a new stake in shares of Euronav NV during the second quarter worth approximately $105,000. AJO LP raised its stake 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 last quarter. Finally, AXA purchased a new stake in shares of Euronav NV during the second quarter worth approximately $3,631,000.
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