CMB.TECH (NYSE:CMBT) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of CMB.TECH (NYSE:CMBT) from a sell rating to a hold rating in a research note published on Saturday.

Other analysts have also issued reports about the stock. Weiss Ratings raised shares of CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Pareto Securities raised shares of CMB.TECH to a “strong-buy” rating in a research report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, CMB.TECH presently has a consensus rating of “Buy”.

CMB.TECH Stock Performance

CMBT opened at $11.50 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.96. The stock’s 50 day moving average price is $10.19 and its 200-day moving average price is $9.55. CMB.TECH has a one year low of $7.65 and a one year high of $11.85.

CMB.TECH (NYSE:CMBT) last posted its quarterly earnings data on Wednesday, November 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The business had revenue of $460.80 million for the quarter, compared to analysts’ expectations of $393.37 million. CMB.TECH had a net margin of 12.64% and a return on equity of 4.28%.

CMB.TECH Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, January 7th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, January 7th. CMB.TECH’s dividend payout ratio is 8.54%.

Institutional Investors Weigh In On CMB.TECH

Several large investors have recently modified their holdings of CMBT. JPMorgan Chase & Co. lifted its position in shares of CMB.TECH by 41.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,449 shares of the company’s stock worth $408,000 after purchasing an additional 12,697 shares during the period. Mirabella Financial Services LLP bought a new position in CMB.TECH in the third quarter worth approximately $22,386,000. Sunbelt Securities Inc. purchased a new stake in CMB.TECH during the third quarter worth $56,000. Verition Fund Management LLC purchased a new stake in CMB.TECH during the third quarter worth $4,970,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in CMB.TECH during the 3rd quarter valued at $481,000.

CMB.TECH Company Profile

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. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.