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What Do Analysts Recommend for Tsakos Energy Navigation?

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Analysts’ recommendations for Tsakos Energy Navigation

All of the 13 analysts covering Tsakos Energy Navigation (TNP) have given the stock a “buy” recommendation.

The average target price for Tsakos is $9.64 compared to its current market price of $6.09 as of June 2, 2016. This implies a potential upside of 58.3%. Drewery Financial Services issued the highest price target for Tsakos at $14.5. TNP’s lowest target prices of $7.4 and $7.5 come from DNB Markets and UBS, respectively.

After the first quarter results were released, analysts decreased their target prices on Tsakos Energy Navigation.

  • Morgan Stanley decreased the 12-month target price to $8 from $8.5.
  • JP Morgan decreased the target price to $10 from $11. It maintained its “overweight” recommendation.
  • Jefferies decreased its 12-month target price to $9 from $10 and maintained its “buy” rating.
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Wall Street recommendations for industry peers

  • Seven analysts cover Nordic American Tankers (NAT). About 27% of them gave the company a “buy” recommendation, 57% gave it a “hold,” and 14% give it a “sell.”
  • 15 analysts cover Teekay Tankers (TNK). About 47% of them gave the company a “buy” recommendation, 40% gave it a “hold,” and 13% gave it a “sell.”
  • Of the 17 analysts covering DHT Holdings (DHT), 65% gave it a buy recommendation, 24% gave it a “hold,” and 11% gave it a “sell.”
  • Nine analysts cover General Maritime (GNRT). Of these, 78% gave the company a “buy” recommendation, 11% gave it a “hold,” and 11% gave it a “sell.”

Investors interested in broad exposure to industrials can invest in the SPDR Dow Jones Industrial Average ETF (DIA).

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