UBS Group Boosts Euronav (EURN) Price Target to $9.25

Euronav (NYSE:EURN) had its price target boosted by UBS Group from $8.75 to $9.25 in a research report issued to clients and investors on Friday, www.benzinga.com reports. The firm currently has a “neutral” rating on the shipping company’s stock. UBS Group’s price target indicates a potential upside of 2.21% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered Euronav from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Deutsche Bank set a $10.00 target price on Euronav and gave the company a “buy” rating in a research report on Thursday, December 21st. Stifel Nicolaus set a $9.00 target price on Euronav and gave the company a “hold” rating in a research report on Friday, December 22nd. BidaskClub raised Euronav from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Finally, TheStreet lowered Euronav from a “c-” rating to a “d+” rating in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.19.

Shares of Euronav (NYSE:EURN) opened at $9.05 on Friday. Euronav has a 12-month low of $6.90 and a 12-month high of $9.65. The company has a market capitalization of $1,450.00 and a price-to-earnings ratio of 130.00.

Euronav (NYSE:EURN) last announced its earnings results on Tuesday, October 31st. The shipping company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.07. Euronav had a return on equity of 0.49% and a net margin of 5.90%. analysts anticipate that Euronav will post -0.15 EPS for the current year.

Several institutional investors have recently made changes to their positions in EURN. Dimensional Fund Advisors LP increased its position in shares of 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 during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Euronav by 5.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 200,574 shares of the shipping company’s stock worth $1,649,000 after acquiring an additional 10,072 shares during the period. Lasry Marc bought a new position in shares of Euronav during the 3rd quarter worth $14,203,000. Finally, FNY Partners Fund LP grew its stake in shares of Euronav by 6.3% during the 4th quarter. FNY Partners Fund LP now owns 251,894 shares of the shipping company’s stock worth $2,330,000 after acquiring an additional 15,000 shares during the period. 22.69% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This story was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.com-unik.info/2018/01/28/ubs-group-boosts-euronav-eurn-price-target-to-9-25.html.

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.

Receive News & Ratings for Euronav Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronav and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit