Euronav’s (EURN) “Hold” Rating Reaffirmed at Jefferies Financial Group

Euronav (NYSE:EURN)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Financial Group in a note issued to investors on Wednesday, Benzinga reports. They presently have a $18.00 price objective on the shipping company’s stock. Jefferies Financial Group’s price objective would suggest a potential downside of 0.33% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Euronav from a “buy” rating to a “hold” rating and set a $17.86 target price for the company. in a research report on Tuesday, February 6th. JPMorgan Chase & Co. raised their price target on Euronav from $17.86 to $21.70 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Finally, StockNews.com upgraded Euronav from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Euronav presently has an average rating of “Hold” and an average price target of $19.18.

Euronav Stock Up 4.0 %

Shares of Euronav stock opened at $18.06 on Wednesday. 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 1 year low of $14.10 and a 1 year high of $18.50. The stock has a 50-day moving average price of $16.77 and a 200 day moving average price of $17.43.

Institutional Investors Weigh In On Euronav

A number of hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in Euronav during the 4th quarter valued at approximately $91,459,000. PSquared Asset Management AG bought a new position in Euronav during the fourth quarter worth $43,207,000. Goldman Sachs Group Inc. raised its stake in Euronav by 26.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,274,351 shares of the shipping company’s stock valued at $40,006,000 after purchasing an additional 472,916 shares during the last quarter. Alpine Associates Management Inc. acquired a new stake in Euronav in the 4th quarter worth $34,391,000. Finally, Water Island Capital LLC bought a new position in shares of Euronav during 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.