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Analysts’ Recommendations for Euronav after Its 1Q17 Results

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Analysts’ recommendations

According to Reuters, Euronav’s (EURN) consensus rating is 2.21, which means “buy.” Currently, of the 14 analysts covering Euronav, two analysts gave “strong buy” recommendations, seven analysts gave “buy” recommendations, and five analysts gave “hold” recommendations. None of the analysts gave “sell” or “strong sell” recommendations. Euronav’s average target price is $9.89—compared to its market price of $7.8 on April 26, 2017. It implies a potential upside of 26%.

The number of analysts covering the stock fell in past year. In April 2016, 17 analysts gave recommendations on the stock—compared to 14 analysts give recommendations right now.

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Upgrades and downgrades

Since the beginning of 2017, only two analysts changed their recommendations for Euronav. In January 2017, ABN Amro downgraded Euronav (from a “buy” to a “hold.” It also reduced its target price to $8 from $10. In the same month, Deutsche Bank upgraded Euronav from a “hold” to a “buy.” It also raised the target price to $10 from $8.50.

Euronav’s peers

  • Nordic American Tankers (NAT) – none of the analysts gave the company a “buy” recommendation, six gave it a “hold,” one gave it a “sell,” and two gave it a “strong sell.”
  • Teekay Tankers (TNK) – Four analysts gave it a “buy,” six gave it a “hold,” and two gave it a “sell.”
  • Frontline (FRO) – six analysts cover Frontline and all of them recommended a “hold.”
  • Navios Maritime Partners (NAP) – five analysts cover Navios and all of them recommended a “hold.”
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