Euronav NV (NYSE:EURN) Given Consensus Rating of “Hold” by Brokerages

Shares of Euronav NV (NYSE:EURN) have received a consensus rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $19.18.

Several equities analysts recently issued reports on EURN shares. JPMorgan Chase & Co. boosted their price target on Euronav from $17.86 to $21.70 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft downgraded Euronav from a “buy” rating to a “hold” rating and set a $17.86 price target for the company. in a report on Tuesday, February 6th. Jefferies Financial Group reissued a “hold” rating and issued a $18.00 price objective (down from $21.00) on shares of Euronav in a research note on Wednesday, January 31st. Finally, StockNews.com upgraded shares of Euronav from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th.

Institutional Trading of Euronav

A number of institutional investors have recently added to or reduced their stakes in EURN. Mackenzie Financial Corp grew its holdings in shares of Euronav by 11.1% in the 3rd quarter. Mackenzie Financial Corp now owns 23,566 shares of the shipping company’s stock worth $359,000 after acquiring an additional 2,355 shares during the period. CQS US LLC acquired a new stake in Euronav in the third quarter valued at $1,292,000. Qsemble Capital Management LP increased its position in shares of Euronav by 204.5% in the third quarter. Qsemble Capital Management LP now owns 54,200 shares of the shipping company’s stock valued at $891,000 after buying an additional 36,400 shares in the last quarter. Huntington National Bank acquired a new position in shares of Euronav during the 3rd quarter worth $33,000. Finally, Campbell & CO Investment Adviser LLC boosted its position in shares of Euronav by 86.0% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 143,311 shares of the shipping company’s stock worth $2,338,000 after buying an additional 66,273 shares in the last quarter.

Euronav Price Performance

Euronav stock opened at $16.85 on Monday. The stock has a 50-day simple moving average of $16.89 and a 200-day simple moving average of $17.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.84 and a quick ratio of 3.79. Euronav has a fifty-two week low of $14.10 and a fifty-two week high of $18.50.

Euronav (NYSE:EURN) last announced its earnings results on Thursday, February 1st. The shipping company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.24. The business had revenue of $233.62 million for the quarter, compared to analyst estimates of $266.87 million. Euronav had a net margin of 69.69% and a return on equity of 25.45%. As a group, research analysts forecast that Euronav will post 1.91 EPS for the current year.

Euronav Company Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.