Euronav (NYSE:EURN) Given “Buy” Rating at Evercore ISI
Evercore ISI reiterated their buy rating on shares of Euronav (NYSE:EURN) in a research report sent to investors on Monday, AnalystRatings.com reports. The brokerage currently has a $16.00 price target on the shipping company’s stock.
A number of other brokerages also recently issued reports on EURN. ValuEngine downgraded Euronav from a buy rating to a hold rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded Euronav from a buy rating to a hold rating in a research report on Tuesday, July 23rd. Finally, TheStreet raised Euronav from a d+ rating to a c- rating in a research report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $11.86.
NYSE:EURN traded up $0.23 during trading hours on Monday, reaching $7.70. 5,887 shares of the company were exchanged, compared to its average volume of 317,183. The firm has a market capitalization of $1.71 billion, a P/E ratio of -11.85 and a beta of 0.96. Euronav has a 1-year low of $6.77 and a 1-year high of $10.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.29 and a quick ratio of 1.19. The firm has a 50 day moving average of $8.76.
Euronav Company Profile
Euronav NV, together with its subsidiaries, engages in the 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 December 12, 2018, it owned and operated a fleet of vessels, including 43 very large crude carriers, 2 ULCCs, 26 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 1 LR1s.
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