Euronav (NYSE:EURN) Given Hold Rating at Jefferies Financial Group

Euronav (NYSE:EURN)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, May 8th, Benzinga reports. They currently have a $18.00 target price on the shipping company’s stock. Jefferies Financial Group’s price target indicates a potential upside of 12.43% from the company’s previous close.

Other equities analysts also recently issued reports about the company. StockNews.com upgraded Euronav from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price objective on Euronav from $17.86 to $21.70 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft cut Euronav from a “buy” rating to a “hold” rating and set a $17.86 price objective on the stock. in a research note on Tuesday, February 6th. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.18.

Euronav Stock Down 0.4 %

Shares of EURN traded down $0.07 on Wednesday, reaching $16.01. The stock had a trading volume of 199,985 shares, compared to its average volume of 1,116,151. The company has a current ratio of 1.46, a quick ratio of 1.41 and a debt-to-equity ratio of 0.60. The company has a 50-day simple moving average of $17.21 and a 200-day simple moving average of $17.57. Euronav has a 12-month low of $14.10 and a 12-month high of $21.26.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp raised its holdings in Euronav by 11.1% during the 3rd quarter. Mackenzie Financial Corp now owns 23,566 shares of the shipping company’s stock worth $359,000 after buying an additional 2,355 shares during the period. CQS US LLC acquired a new stake in shares of Euronav in the third quarter valued at approximately $1,292,000. Qsemble Capital Management LP raised its holdings in shares of Euronav by 204.5% in the third quarter. Qsemble Capital Management LP now owns 54,200 shares of the shipping company’s stock valued at $891,000 after purchasing an additional 36,400 shares during the last quarter. Huntington National Bank acquired a new stake in shares of Euronav in the third quarter valued at approximately $33,000. Finally, Campbell & CO Investment Adviser LLC raised its holdings in shares of Euronav by 86.0% in the third quarter. Campbell & CO Investment Adviser LLC now owns 143,311 shares of the shipping company’s stock valued at $2,338,000 after purchasing an additional 66,273 shares during the last quarter.

About Euronav

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.