Euronav (NYSE:EURN) received a $9.00 price objective from investment analysts at Stifel Nicolaus in a research note issued to investors on Friday, December 22nd. The firm currently has a “hold” rating on the shipping company’s stock. Stifel Nicolaus’ target price points to a potential upside of 0.56% from the stock’s previous close.
Other equities analysts also recently issued research reports about the stock. Deutsche Bank set a $10.00 price objective on shares of Euronav and gave the company a “buy” rating in a research note on Thursday, December 21st. TheStreet downgraded shares of Euronav from a “c-” rating to a “d+” rating in a research note on Tuesday, November 14th. Zacks Investment Research raised shares of Euronav from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. BidaskClub raised shares of Euronav from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Finally, ValuEngine raised shares of Euronav from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.17.
Shares of Euronav (NYSE EURN) remained flat at $$8.95 on Friday. 550,098 shares of the company traded hands, compared to its average volume of 732,722. The firm has a market cap of $1,420.00 and a PE ratio of 127.86. Euronav has a 12-month low of $6.90 and a 12-month high of $9.65.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in Euronav by 20.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 95,432 shares of the shipping company’s stock valued at $773,000 after purchasing an additional 16,120 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Euronav by 5.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 200,574 shares of the shipping company’s stock valued at $1,649,000 after purchasing an additional 10,072 shares in the last quarter. Finally, Lasry Marc acquired a new stake in Euronav during the 3rd quarter valued at $14,203,000. 22.69% of the stock is owned by institutional investors and hedge funds.
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Euronav 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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