Euronav (NYSE:EURN) Receives Hold Rating from Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of Euronav (NYSE:EURN) in a report published on Wednesday morning, Benzinga reports. They currently have a $18.00 target price on the shipping company’s stock.

EURN has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft lowered shares of Euronav from a buy rating to a hold rating and set a $17.86 target price on the stock. in a report on Tuesday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Euronav from $17.86 to $21.70 and gave the company a neutral rating in a report on Friday, February 23rd. Finally, StockNews.com upgraded shares of Euronav from a hold rating to a buy rating in a research report on Wednesday, February 28th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $19.18.

Euronav Stock Up 1.6 %

Shares of NYSE:EURN traded up $0.30 during trading on Wednesday, hitting $18.90. 104,617 shares of the company were exchanged, compared to its average volume of 1,180,901. The company has a current ratio of 3.84, a quick ratio of 3.79 and a debt-to-equity ratio of 0.27. Euronav has a fifty-two week low of $14.10 and a fifty-two week high of $19.03. The firm has a fifty day moving average price of $16.79 and a two-hundred day moving average price of $17.44. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 4.43, a P/E/G ratio of 0.50 and a beta of 0.04.

Institutional Trading of Euronav

Several hedge funds have recently modified their holdings of the company. Blue Trust Inc. bought a new position in shares of Euronav during the fourth quarter valued at approximately $29,000. Huntington National Bank acquired a new position in shares of Euronav during the 3rd quarter worth about $33,000. Headlands Technologies LLC grew its stake in Euronav by 117.2% during the 1st quarter. Headlands Technologies LLC now owns 2,352 shares of the shipping company’s stock valued at $39,000 after acquiring an additional 1,269 shares in the last quarter. Covestor Ltd grew its stake in shares of Euronav by 177.1% in the 3rd quarter. Covestor Ltd now owns 2,505 shares of the shipping company’s stock valued at $41,000 after buying an additional 1,601 shares during the period. Finally, Tucker Asset Management LLC purchased a new position in shares of Euronav during the 4th quarter worth approximately $79,000.

About Euronav

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.