Euronav (EURN) Stock Rating Reaffirmed by Stifel Nicolaus
Euronav (NYSE:EURN)‘s stock had its “hold” rating reiterated by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Wednesday. They presently have a $8.50 target price on the shipping company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 3.66% from the stock’s previous close.
A number of other research analysts have also weighed in on EURN. BidaskClub lowered Euronav from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. TheStreet lowered Euronav from a “c-” rating to a “d+” rating in a report on Tuesday, November 14th. ValuEngine raised Euronav from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research lowered Euronav from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $9.00.
Euronav (EURN) traded down $0.55 during mid-day trading on Wednesday, reaching $8.20. The company’s stock had a trading volume of 765,091 shares, compared to its average volume of 500,769. The company has a quick ratio of 1.64, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The stock has a market cap of $1,416.96, a price-to-earnings ratio of 127.14 and a beta of 0.78. Euronav has a 1-year low of $6.90 and a 1-year high of $9.00.
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.
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.