We already looked at what Wall Street analysts expect for Euronav’s revenue and EBITDA (earnings before interest, tax, depreciation, and amortization). Now, we’ll look at what analysts recommend for Euronav and its peers.
According to Reuters, the consensus rating for Euronav is a 2.15 (buy) on a scale of one (strong buy) to five (strong sell). The consensus ratings for its peers are as follows:
- Nordic American Tankers (NAT) – 3.33, which means a “hold”
- Teekay Tankers (TNK) – 2.8, which means a “hold”
- Tsakos Energy Navigation (TNP) – 2.17, which means a “buy”
- DHT Holdings (DHT) – 2.3, which means a “buy”
Out of the 13 analysts that gave recommendations on Euronav, two recommend a “strong buy,” seven recommend a “buy,” and four recommend a “hold.” None of the analysts rate the company as a “sell” or “strong sell.”
In 2017, only one analyst revised the recommendation on Euronav. Deutsche Bank upgraded Euronav to “buy.”
The average target price for Euronav is $9.9—compared to its current market price of $8.95. It implies a potential upside of 10.6%. In December, Credit Suisse cut the target price for Euronav to $10 from $12.