X
<

Euronav's 2Q17 Results: What You Need to Know

PART:
1 2 3 4 5 6 7
Part 7
Euronav's 2Q17 Results: What You Need to Know PART 7 OF 7

Euronav on the Street: Analyst Recommendations after the 2Q17 Results

Changes in ratings

On August 8, 2017, KBC Securities reduced its target price for Euronav (EURN) stock to $7.3 from $8.0 and gave it a rating of “accumulate.” Now let’s see consensus recommendations for Euronav and its peers.

Euronav on the Street: Analyst Recommendations after the 2Q17 Results

Interested in EURN? Don't miss the next report.

Receive e-mail alerts for new research on EURN

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

Analysts’ recommendations

According to Reuters, Euronav’s consensus rating is 2.17, which means “buy.” Of the 12 analysts covering Euronav, two analysts have given the stock “strong buy” recommendations, while six analysts have given “buy” recommendations, and four analysts have given “hold” recommendations. None has given a “sell” or “strong sell” recommendation.

The consensus 12-month target price for Euronav stock is now $9.57, compared with its market price of $7.17 on August 14, 2017. This implies a potential upside of 32.9%.

Over the past year, the number of analysts covering the stock has fallen. In August 2016, eighteen analysts gave recommendations on Euronav, but the number has dropped to 12 in August 2017.

Upgrades and Euronav’s peers

Since the start of 2017, only Deutsche Bank has upgraded Euronav to “buy.” None of the other analysts have revised their recommendations on the stock.

For Nordic American Tankers (NAT), no analyst has a “strong buy” or “buy” recommendation on the stock, while five have given it a “hold.” Two have given it a “sell,” and two have given it a “strong sell.”

For Teekay Tankers (TNK), three analysts have given the stock a “buy,” while five have given it a “hold,” and two have given it a “sell.”

For Frontline (FRO), only one analyst has rated the stock FRO “buy,” while three analysts have given it a “hold,” and one has given it a “sell.”

For Navios Maritime Partners (NAP), only four analysts are covering the stock, of which three have rated it a “hold,” and one has rated it a “sell.”

X

Please select a profession that best describes you: