Recent changes by analysts
On January 3, 2017, Deutsche Bank upgraded Euronav to “buy” from “hold,” and raised the target price to $10 from $8.50. After the upgrade, ten analysts were bullish on the stock, compared with nine previously.
Currently, 16 analysts give recommendations on Euronav (EURN). Of these analysts, only one analyst has given a “sell” recommendation on the stock, and none have given it a “strong sell.” Ten analysts, or 62%, are bullish on the stock—four have given a “strong buy” recommendation, and six have given a “buy.” Peers Frontline (FRO) and DHT Holdings (DHT) have not received a single “strong sell” rating, while Nordic American Tankers (NAT) and Teekay Tankers (TNK) have. Five analysts suggest to “hold” for Euronav. The consensus target price is $10.60, which implies an upside of 22%.
Revenue and earnings estimates
Wall Street analysts estimate that Euronav’s revenue will be ~$135 million in the fourth quarter, compared with $133 million in 3Q16 and ~$225 million in 4Q15. Year-over-year, EBITDA (earnings before interest, tax, depreciation, and amortization) are expected to fall. Analysts expect Euronav’s 4Q16 EBITDA to be $76 million, higher than the previous quarter’s $68 million but lower than 4Q15’s EBITDA of $160 million.