Euronav NV (NYSE:EURN) Receives $19.18 Consensus Price Target from Brokerages

Euronav NV (NYSE:EURN) has received an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is $19.18.

A number of brokerages recently weighed in on EURN. Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 price target (down from $21.00) on shares of Euronav in a research report on Wednesday, January 31st. StockNews.com upgraded shares of Euronav from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft lowered shares of 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of Euronav from $17.86 to $21.70 and gave the stock a “neutral” rating in a research report on Friday, February 23rd.

Euronav Stock Performance

EURN stock opened at $17.00 on Monday. The business has a fifty day moving average of $16.79 and a 200-day moving average of $17.44. Euronav has a twelve month low of $14.10 and a twelve month high of $18.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.79 and a current ratio of 3.84.

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

Hedge Funds Weigh In On Euronav

A number of large investors have recently made changes to their positions in EURN. Norges Bank bought a new stake in Euronav during the fourth quarter worth $91,459,000. PSquared Asset Management AG bought a new stake in Euronav in the fourth quarter valued at $43,207,000. Goldman Sachs Group Inc. increased its position in shares of Euronav by 26.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,274,351 shares of the shipping company’s stock worth $40,006,000 after acquiring an additional 472,916 shares in the last quarter. Alpine Associates Management Inc. purchased a new position in Euronav during the fourth quarter worth about $34,391,000. Finally, Water Island Capital LLC purchased a new position in shares of Euronav in the 4th quarter worth about $27,123,000.

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.