Euronav NV (NASDAQ:EURN) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday.

According to Zacks, “Euronav is a tanker company. It owns, operates and manages a fleet of vessels for the transportation and storage of crude oil and petroleum products. The company also offers ship management services. It operates primarily in Europe and Asia. Euronav is headquartered in Antwerp, Belgium. “

Other analysts have also issued reports about the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $8.00 target price on shares of Euronav NV in a research report on Friday, July 7th. BidaskClub lowered Euronav NV from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. TheStreet raised Euronav NV from a “d+” rating to a “c-” rating in a report on Tuesday, July 25th. Finally, ValuEngine raised Euronav NV from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Euronav NV currently has an average rating of “Hold” and a consensus price target of $9.63.

Shares of Euronav NV (NASDAQ EURN) traded up 0.63% during midday trading on Tuesday, reaching $8.05. The company’s stock had a trading volume of 303,516 shares. The firm’s 50 day moving average is $7.98 and its 200 day moving average is $7.98. The firm has a market capitalization of $1.27 billion and a price-to-earnings ratio of 21.24. Euronav NV has a 52 week low of $6.65 and a 52 week high of $8.55.

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Several large investors have recently bought and sold shares of the company. Prudential PLC grew its holdings in shares of Euronav NV by 89.1% during the second quarter. Prudential PLC now owns 6,735,343 shares of the shipping company’s stock valued at $53,209,000 after purchasing an additional 3,173,589 shares during the last quarter. FMR LLC grew its holdings in shares of Euronav NV by 17.2% during the second quarter. FMR LLC now owns 3,613,846 shares of the shipping company’s stock valued at $28,587,000 after purchasing an additional 530,831 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Euronav NV by 5.7% during the second quarter. Vanguard Group Inc. now owns 2,824,053 shares of the shipping company’s stock valued at $22,310,000 after purchasing an additional 152,480 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Euronav NV by 4.0% during 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 purchasing an additional 90,867 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Euronav NV by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,095,221 shares of the shipping company’s stock valued at $8,652,000 after purchasing an additional 102,970 shares during the last quarter.

Euronav NV Company Profile

Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.

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