Euronav (NYSE:EURN) had its target price raised by UBS Group from $8.75 to $9.25 in a report released on Friday morning, www.benzinga.com reports. They currently have a neutral rating on the shipping company’s stock.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Euronav from a hold rating to a sell rating in a report on Tuesday, January 23rd. Deutsche Bank set a $10.00 price target on shares of Euronav and gave the company a buy rating in a report on Thursday, December 21st. Stifel Nicolaus set a $9.00 price target on shares of Euronav and gave the company a hold rating in a report on Friday, December 22nd. BidaskClub upgraded shares of Euronav from a sell rating to a hold rating in a report on Friday, October 13th. Finally, TheStreet cut shares of Euronav from a c- rating to a d+ rating in a 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. Euronav presently has a consensus rating of Hold and a consensus target price of $9.19.

Euronav (NYSE EURN) opened at $9.05 on Friday. The stock has a market cap of $1,440.00 and a P/E ratio of 130.00. Euronav has a 1-year low of $6.90 and a 1-year high of $9.65.

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

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Euronav by 20.3% in the third quarter. Dimensional Fund Advisors LP now owns 95,432 shares of the shipping company’s stock valued at $773,000 after buying an additional 16,120 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Euronav by 5.3% in the third quarter. Allianz Asset Management GmbH now owns 200,574 shares of the shipping company’s stock valued at $1,649,000 after buying an additional 10,072 shares during the period. FNY Partners Fund LP boosted its holdings in shares of Euronav by 6.3% in the fourth quarter. FNY Partners Fund LP now owns 251,894 shares of the shipping company’s stock valued at $2,330,000 after buying an additional 15,000 shares during the period. Finally, Lasry Marc acquired a new position in shares of Euronav in the third quarter valued at approximately $14,203,000. Institutional investors own 22.69% of the company’s stock.

WARNING: “Euronav (EURN) PT Raised to $9.25 at UBS Group” was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.watchlistnews.com/euronav-eurn-pt-raised-to-9-25-at-ubs-group/1830114.html.

About Euronav

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.