Euronav (EURN) PT Raised to $9.25 at UBS Group
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.
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.
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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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