Euronav NV (EURN) Given a $12.00 Price Target by Credit Suisse Group AG Analysts
Euronav NV (NASDAQ:EURN) has been given a $12.00 price target by equities researchers at Credit Suisse Group AG in a research report issued on Monday. The firm currently has a a “buy” rating on the stock. Credit Suisse Group AG’s target price indicates a potential upside of 53.35% from the company’s current price.
A number of other equities analysts also recently commented on EURN. Deutsche Bank AG reaffirmed a “hold” rating on shares of Euronav NV in a research note on Wednesday, July 6th. Zacks Investment Research downgraded shares of Euronav NV from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 12th. Citigroup Inc. reaffirmed a “buy” rating and set a $14.00 target price on shares of Euronav NV in a research note on Friday, July 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $9.50 target price (down from $11.00) on shares of Euronav NV in a research note on Thursday, August 25th. Finally, Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Euronav NV in a research note on Friday, August 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $10.17.
Euronav NV (NASDAQ:EURN) traded down 1.27% during trading on Monday, hitting $7.80. 279,944 shares of the stock were exchanged. The stock’s 50 day moving average price is $8.35 and its 200 day moving average price is $9.40. Euronav NV has a 12 month low of $7.39 and a 12 month high of $16.23. The stock has a market cap of $1.23 billion and a P/E ratio of 3.75.
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Euronav NV (NASDAQ:EURN) last issued its earnings results on Thursday, July 28th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.13. Analysts forecast that Euronav NV will post $1.88 EPS for the current fiscal year.
The business also recently declared a special dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 21st were paid a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, September 20th.
Several large investors have recently added to or reduced their stakes in EURN. Bremer Trust National Association increased its stake in Euronav NV by 3.3% in the third quarter. Bremer Trust National Association now owns 15,499 shares of the company’s stock worth $118,000 after buying an additional 495 shares during the period. Royal Bank of Canada increased its stake in Euronav NV by 733.3% in the second quarter. Royal Bank of Canada now owns 176,093 shares of the company’s stock worth $1,614,000 after buying an additional 154,961 shares during the period. M Holdings Securities Inc. bought a new stake in Euronav NV during the second quarter worth about $963,000. Stifel Financial Corp bought a new stake in Euronav NV during the second quarter worth about $552,000. Finally, American Century Companies Inc. increased its stake in Euronav NV by 4.7% in the second quarter. American Century Companies Inc. now owns 432,845 shares of the company’s stock worth $3,969,000 after buying an additional 19,532 shares during the period.
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