Euronav NV (NASDAQ:EURN)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup Inc. in a report issued on Saturday. They currently have a $9.00 price objective on the stock, down from their prior price objective of $11.00. Citigroup Inc.’s price objective suggests a potential upside of 9.62% from the company’s current price.
Other equities research analysts have also recently issued research reports about the company. Morgan Stanley reiterated an “equal weight” rating and issued a $9.50 price objective (down previously from $11.00) on shares of Euronav NV in a report on Thursday, August 25th. Zacks Investment Research upgraded Euronav NV from a “sell” rating to a “hold” rating in a report on Monday, August 29th. Deutsche Bank AG reiterated a “hold” rating on shares of Euronav NV in a report on Wednesday, July 6th. Credit Suisse Group AG reiterated a “buy” rating and issued a $15.00 price objective on shares of Euronav NV in a report on Friday, August 26th. Finally, Wells Fargo & Co. reiterated an “outperform” rating on shares of Euronav NV in a report on Friday, August 26th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $11.17.
Shares of Euronav NV (NASDAQ:EURN) opened at 8.21 on Friday. The company has a market capitalization of $1.30 billion and a P/E ratio of 3.95. The firm has a 50-day moving average price of $8.52 and a 200-day moving average price of $9.47. Euronav NV has a one year low of $7.39 and a one year high of $16.23.
Euronav NV (NASDAQ:EURN) last issued its earnings results on Thursday, July 28th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.13. Equities analysts forecast that Euronav NV will post $1.88 earnings per share for the current year.
The company also recently announced a special dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 21st were paid a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, September 20th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EURN. Bremer Trust National Association boosted its position in Euronav NV by 3.3% in the third quarter. Bremer Trust National Association now owns 15,499 shares of the company’s stock worth $118,000 after buying an additional 495 shares during the last quarter. Royal Bank of Canada raised its stake in Euronav NV by 733.3% in the second quarter. Royal Bank of Canada now owns 176,093 shares of the company’s stock worth $1,614,000 after buying an additional 154,961 shares during the last quarter. M Holdings Securities Inc. acquired a new stake in Euronav NV during the second quarter worth approximately $963,000. Stifel Financial Corp acquired a new stake in Euronav NV during the second quarter worth approximately $552,000. Finally, American Century Companies Inc. raised its stake in Euronav NV by 4.7% in the second quarter. American Century Companies Inc. now owns 432,845 shares of the company’s stock worth $3,969,000 after buying an additional 19,532 shares during the last quarter.