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.
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.
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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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