Euronav (EURN) Downgraded by ValuEngine
Euronav (NYSE:EURN) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday.
Several other research firms have also recently commented on EURN. Zacks Investment Research cut Euronav from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. Pareto Securities raised Euronav from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Wells Fargo & Co dropped their price objective on Euronav from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 14th. JPMorgan Chase & Co. increased their price objective on Euronav from $9.00 to $9.50 and gave the company a “neutral” rating in a research report on Friday, August 10th. Finally, BTIG Research began coverage on Euronav in a research report on Thursday, September 27th. They set a “buy” rating and a $12.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $10.31.
Shares of NYSE:EURN opened at $8.20 on Monday. Euronav has a 1-year low of $7.50 and a 1-year high of $10.10. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.72. The firm has a market cap of $1.42 billion, a PE ratio of -91.11 and a beta of 0.35.
Euronav NV, together with its subsidiaries, engages in 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 March 19, 2018, it owned and operated a fleet of 53 vessels, including 28 very large crude carriers, 1 V-Plus vessel, 22 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 4 Suezmax vessels under construction.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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