Euronav NV (EURN) Given Consensus Rating of “Hold” by Analysts
Shares of Euronav NV (NASDAQ:EURN) have received an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $9.00.
EURN has been the subject of a number of research reports. Zacks Investment Research upgraded Euronav NV from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Tuesday, July 11th. TheStreet raised Euronav NV from a “d+” rating to a “c-” rating in a report on Tuesday, July 25th. BidaskClub raised Euronav NV from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Stifel Nicolaus reissued a “hold” rating and issued a $8.00 target price on shares of Euronav NV in a research report on Friday, July 7th. Finally, ValuEngine upgraded Euronav NV from a “sell” rating to a “hold” rating in a research note on Monday.
Euronav NV (EURN) opened at 8.05 on Wednesday. The stock has a market cap of $1.27 billion and a P/E ratio of 21.24. The stock has a 50 day moving average of $7.96 and a 200 day moving average of $7.96. Euronav NV has a 1-year low of $6.65 and a 1-year high of $8.55.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, October 5th. Stockholders of record on Tuesday, September 26th will be given a dividend of $0.06 per share. This represents a dividend yield of 1.61%. The ex-dividend date is Monday, September 25th.
Several large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC raised its holdings in Euronav NV by 41.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,218 shares of the shipping company’s stock worth $104,000 after purchasing an additional 3,895 shares during the period. Prudential PLC lifted its position in Euronav NV by 89.1% during the second quarter. Prudential PLC now owns 6,735,343 shares of the shipping company’s stock valued at $53,209,000 after purchasing an additional 3,173,589 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Euronav NV by 169.2% during the second quarter. Dimensional Fund Advisors LP now owns 79,312 shares of the shipping company’s stock valued at $627,000 after purchasing an additional 49,846 shares in the last quarter. Virtu KCG Holdings LLC purchased a new position in Euronav NV during the second quarter valued at $138,000. Finally, FMR LLC lifted its position in Euronav NV by 17.2% during the second quarter. FMR LLC now owns 3,613,846 shares of the shipping company’s stock valued at $28,587,000 after purchasing an additional 530,831 shares in the last quarter.
COPYRIGHT VIOLATION WARNING: “Euronav NV (EURN) Given Consensus Rating of “Hold” by Analysts” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.thecerbatgem.com/2017/10/04/euronav-nv-eurn-given-consensus-rating-of-hold-by-analysts.html.
About Euronav NV
Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.
Receive News & Stock Ratings for Euronav NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronav NV and related stocks with our FREE daily email newsletter.