Euronav NV (NASDAQ:EURN) has been given a $12.00 target price by research analysts at Credit Suisse Group AG in a research note issued on Monday. The brokerage presently has a a “buy” rating on the stock. Credit Suisse Group AG’s price target suggests a potential upside of 53.35% from the stock’s previous close.

Several other analysts have also recently issued reports on EURN. Zacks Investment Research cut shares of Euronav NV from a “hold” rating to a “sell” rating in a research report on Friday. Morgan Stanley restated an “equal weight” rating and set a $9.50 target price (down from $11.00) on shares of Euronav NV in a research report on Thursday, August 25th. Citigroup Inc. restated a “buy” rating and set a $9.00 target price (down from $11.00) on shares of Euronav NV in a research report on Saturday, October 8th. Deutsche Bank AG restated a “hold” rating on shares of Euronav NV in a research report on Wednesday, July 6th. Finally, Wells Fargo & Co. restated an “outperform” rating on shares of Euronav NV in a research report on Friday, August 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Euronav NV presently has an average rating of “Hold” and a consensus target price of $10.17.

Analyst Recommendations for Euronav NV (NASDAQ:EURN)

Euronav NV (NASDAQ:EURN) traded down 1.27% during trading on Monday, hitting $7.80. 279,944 shares of the stock traded hands. The firm has a 50-day moving average price of $8.35 and a 200 day moving average price of $9.40. The firm has a market cap of $1.23 billion and a PE ratio of 3.75. Euronav NV has a 12 month low of $7.39 and a 12 month high of $16.23.

Euronav NV (NASDAQ:EURN) last announced its earnings results on Thursday, July 28th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.13. On average, equities analysts forecast that Euronav NV will post $1.88 EPS for the current fiscal year.

The business also recently announced a special dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st were paid a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, September 20th.

A number of institutional investors have recently modified their holdings of EURN. Schroder Investment Management Group bought a new position in shares of Euronav NV during the second quarter worth approximately $105,000. Stevens Capital Management LP increased its position in shares of Euronav NV by 0.5% in the second quarter. Stevens Capital Management LP now owns 12,025 shares of the company’s stock worth $110,000 after buying an additional 61 shares in the last quarter. Bremer Trust National Association increased its position in shares of Euronav NV by 3.3% in the third quarter. Bremer Trust National Association now owns 15,499 shares of the company’s stock worth $118,000 after buying an additional 495 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Euronav NV by 27.2% in the second quarter. Parametric Portfolio Associates LLC now owns 14,724 shares of the company’s stock worth $135,000 after buying an additional 3,152 shares in the last quarter. Finally, KCG Holdings Inc. increased its position in shares of Euronav NV by 166.5% in the second quarter. KCG Holdings Inc. now owns 27,611 shares of the company’s stock worth $253,000 after buying an additional 17,249 shares in the last quarter.

5 Day Chart for NASDAQ:EURN

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