No changes

None of the analysts revised their recommendations and target prices for crude tanker companies in week 50 which ended on December 15, 2017.

Crude Tanker Companies: Analysts’ Recommendations in Week 50

Week 48 and week 49

In week 49, Deutsche Bank raised Frontline’s (FRO) target price to $5 from $3. In week 48, Tsakos Energy Navigation’s (TNP) target price was reduced by JPMorgan Chase to $6 from $7. Tsakos Energy Navigation’s target price was reduced by Evercore to $5 from $6.5.

Week 47

In week 47, Morgan Stanley reduced Frontline’s target price to $5 from $5.50.

Consensus ratings

  • Of the nine analysts covering Nordic American Tankers (NAT), none of them are bullish on the stock. About 55% of them are neutral, while 45% are bearish. The consensus target price is $4.02, which implies a potential upside of 49.4% from the market price of $2.69 on December 15, 2017.
  • Five analysts gave recommendations for Frontline. Of the analysts, 20% are bullish on the stock, ~60% are neutral, and 20.0% are bearish. The consensus 12-month target price is $5.75, which implies a potential upside of 22.3% from the market price of $4.7 on December 15, 2017.
  • Seven analysts gave recommendations for Gener8 Maritime Partners (GNRT). Of the analysts, 72% are bullish and 28% are bearish on the stock. The consensus 12-month target price is $6.08, which implies a potential upside of 35.7% from the market price of $4.48 on December 15, 2017.
  • Ten analysts gave recommendations on Teekay Tankers (TNK). Of the analysts, 30% are bullish, 50% are neutral, and 20% are bearish on the stock. The 12-month consensus target price is $2.10, which implies a potential upside of 41.9% from the market price of $1.48 on December 15, 2017.

Latest articles

This year, Pfizer (PFE) stock has fallen 0.34% and Bristol-Myers Squibb (BMY) stock has fallen 6.48%. Both companies are focused on strengthening their position in the high-growth oncology and immunology markets. Let's take a closer look at each.

Walt Disney’s (DIS) latest movie, Toy Story 4, has reportedly broken records in the opening weekend with $118 million in sales. However, the opening weekend collection was behind analysts’ expectations of at least $150 million in the first weekend.

24 Jun

Will Home Depot’s Upward Momentum to Continue?

WRITTEN BY Rajiv Nanjapla

As of June 21, Home Depot (HD) was trading at $209.39, which implies a rise of 9.7% since the announcement of its first-quarter earnings on May 21. Also, the company was trading at a premium of 32.4% from its 52-week low of $158.09 and a discount of 2.8% from its 52-week high of $215.43.

On June 21, Aurora Cannabis (ACB) made an announcement that indicated that it will move towards higher margin vape products. In addition, the company also believes concentrates and edibles will command higher margins. In anticipation of this development, the company announced the expansion of its facility to capitalize on growth related to these segments.

Shares of Mondelēz International (MDLZ) are scaling new heights thanks to its stellar gains so far this year. Mondelēz stock is up 38.0% on a YTD (year-to-date) basis, and it closed at $55.25—just a shade lower than its 52-week high of $55.71—on June 21.

24 Jun

How Long Will Facebook's Libra Fuel Bitcoin Rally?

WRITTEN BY Mayur Sontakke, CFA, FRM

Ever since the news about Facebook’s (FB) cryptocurrency project broke, Bitcoin has rallied on the hope that Facebook’s entry in the space will help make cryptocurrencies mainstream. Facebook’s cryptocurrency will be called Libra and will be governed by an association with 28 founding members across industries.

172.31.71.127