Euronav NV (NASDAQ:EURN) was upgraded by research analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued on Tuesday.

Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Euronav NV from a “hold” rating to a “strong sell” rating in a research note on Friday, April 21st. ValuEngine cut shares of Euronav NV from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Euronav NV from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $8.00 target price on shares of Euronav NV in a research note on Friday, July 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $9.50.

Euronav NV (EURN) traded down 0.63% on Tuesday, reaching $7.90. The company’s stock had a trading volume of 499,586 shares. Euronav NV has a 52 week low of $6.65 and a 52 week high of $9.51. The firm has a 50 day moving average price of $7.62 and a 200 day moving average price of $7.87. The stock has a market capitalization of $1.25 billion and a P/E ratio of 10.01.

Euronav NV (NASDAQ:EURN) last released its earnings results on Wednesday, April 26th. The shipping company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. The firm had revenue of $164.16 million during the quarter, compared to analysts’ expectations of $153.13 million. On average, equities analysts anticipate that Euronav NV will post $1.88 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Euronav NV (NASDAQ:EURN) Upgraded to “C-” by TheStreet” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/07/26/euronav-nv-nasdaqeurn-upgraded-to-c-by-thestreet.html.

Hedge funds have recently made changes to their positions in the stock. M&T Bank Corp boosted its position in Euronav NV by 78.0% in the first quarter. M&T Bank Corp now owns 22,003 shares of the shipping company’s stock valued at $174,000 after buying an additional 9,642 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Euronav NV by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 2,345,108 shares of the shipping company’s stock valued at $18,526,000 after buying an additional 90,867 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Euronav NV by 1.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 117,620 shares of the shipping company’s stock valued at $943,000 after buying an additional 2,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Euronav NV by 121.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,501 shares of the shipping company’s stock valued at $188,000 after buying an additional 12,895 shares during the last quarter. Finally, Doheny Asset Management CA boosted its stake in shares of Euronav NV by 161.3% in the first quarter. Doheny Asset Management CA now owns 1,118,320 shares of the shipping company’s stock valued at $8,835,000 after buying an additional 690,370 shares during the last quarter.

Analyst Recommendations for Euronav NV (NASDAQ:EURN)

Receive News & Ratings for Euronav NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronav NV and related companies with MarketBeat.com's FREE daily email newsletter.