Euronav NV (EURN) Given a $12.00 Price Target by Credit Suisse Group AG Analysts
Euronav NV (NASDAQ:EURN) has been assigned a $12.00 target price by equities research analysts at Credit Suisse Group AG in a report issued on Monday. The brokerage presently has a a “buy” rating on the stock. Credit Suisse Group AG’s price objective indicates a potential upside of 53.35% from the company’s current price.
EURN has been the subject of several other research reports. Wells Fargo & Co. reiterated an “outperform” rating on shares of Euronav NV in a research note on Friday, August 26th. Citigroup Inc. dropped their price objective on shares of Euronav NV from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Zacks Investment Research cut shares of Euronav NV from a “hold” rating to a “sell” rating in a research note on Friday. Morgan Stanley reiterated an “equal weight” rating and issued a $9.50 price objective (down previously from $11.00) on shares of Euronav NV in a research note on Thursday, August 25th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Euronav NV in a research note on Wednesday, July 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $10.17.
Shares of Euronav NV (NASDAQ:EURN) traded down 0.63% during trading on Monday, hitting $7.85. 280,444 shares of the stock were exchanged. Euronav NV has a 52 week low of $7.39 and a 52 week high of $16.23. The firm has a market capitalization of $1.24 billion and a P/E ratio of 3.77. The firm has a 50 day moving average price of $8.35 and a 200 day moving average price of $9.40.
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Euronav NV (NASDAQ:EURN) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.13. Analysts forecast that Euronav NV will post $1.88 EPS for the current fiscal year.
The company also recently announced a special dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, September 20th.
A number of institutional investors have recently added to or reduced their stakes in the stock. Stevens Capital Management LP raised its position in Euronav NV by 0.5% in the second quarter. Stevens Capital Management LP now owns 12,025 shares of the company’s stock valued at $110,000 after buying an additional 61 shares in the last quarter. Bremer Trust National Association raised its stake 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 valued at $118,000 after buying an additional 495 shares during the period. Parametric Portfolio Associates LLC raised its stake 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 valued at $135,000 after buying an additional 3,152 shares during the period. A.R.T. Advisors LLC raised its stake in shares of Euronav NV by 12.3% in the second quarter. A.R.T. Advisors LLC now owns 108,977 shares of the company’s stock valued at $999,000 after buying an additional 11,930 shares during the period. Finally, Swiss National Bank raised its stake in shares of Euronav NV by 6.0% in the second quarter. Swiss National Bank now owns 211,939 shares of the company’s stock valued at $1,940,000 after buying an additional 12,073 shares during the period.
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