Trade Report: Today, Euronav NV (EURN) Given a $12.00 Price Target at Credit Suisse Group AG

Today, Euronav NV (EURN) Given a $12.00 Price Target at Credit Suisse Group AG

Credit Suisse Group AG set a $12.00 price target on Euronav NV (NASDAQ:EURN) in a research report sent to investors on Monday morning. The firm currently has a a buy rating on the stock.

A number of other research firms have also commented on EURN. Morgan Stanley restated an equal weight rating and issued a $9.50 price objective (down from $11.00) on shares of Euronav NV in a research report on Thursday, August 25th. Deutsche Bank AG reiterated a hold rating on shares of Euronav NV in a research report on Wednesday, July 6th. Zacks Investment Research lowered shares of Euronav NV from a hold rating to a strong sell rating in a research report on Tuesday, July 12th. Citigroup Inc. reiterated a buy rating and set a $14.00 target price on shares of Euronav NV in a research report on Friday, July 15th. Finally, Wells Fargo & Co. reiterated an outperform rating on shares of Euronav NV in a research report on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $10.17.

Shares of Euronav NV (NASDAQ:EURN) traded up 1.27% during trading on Monday, hitting $7.95. 118,598 shares of the stock traded hands. Euronav NV has a 1-year low of $7.39 and a 1-year high of $16.23. The company has a market cap of $1.26 billion and a P/E ratio of 3.82. The stock has a 50-day moving average of $8.33 and a 200 day moving average of $9.37.

Euronav NV (NASDAQ:EURN) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.13. On average, equities research analysts predict that Euronav NV will post $1.88 EPS for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 21st were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, September 20th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Schroder Investment Management Group acquired a new position in Euronav NV during the second quarter valued at approximately $105,000. Stevens Capital Management LP increased its position in Euronav NV by 0.5% in the second quarter. Stevens Capital Management LP now owns 12,025 shares of the company’s stock valued at $110,000 after buying an additional 61 shares during the period. Bremer Trust National Association increased 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 valued at $118,000 after buying an additional 495 shares during the period. Parametric Portfolio Associates LLC increased its position in Euronav NV by 27.2% in the second quarter. Parametric Portfolio Associates LLC now owns 14,724 shares of the company’s stock valued at $135,000 after buying an additional 3,152 shares during the period. Finally, KCG Holdings Inc. increased its position in Euronav NV by 166.5% in the second quarter. KCG Holdings Inc. now owns 27,611 shares of the company’s stock valued at $253,000 after buying an additional 17,249 shares during the period.

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