Analyst Recommendations for Euronav before Earnings Release
Market Realist By Sue Goodridge
18 hours ago
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Euronav's 1Q16 Results Are Coming: Watch for Changing Estimates
(Continued from Prior Part)
Article overview
We’ve already looked at what Wall Street analysts are estimating for Euronav’s revenue and EBITDA. Let’s look now at what analysts are recommending for Euronav and its peers.
Analyst recommendations
Of the 21 analysts covering Euronav (EURN), 81% have given it a “buy” recommendation, 14% have given it a “hold” recommendation, and 5% have recommended a “sell” for the stock.
The average target price for EURN is $14.87 compared to its current market price of $11.16. This implies a potential upside of 33.2%. Credit Suisse and Clarkson Platou Securities have issued the highest target price of $20. The lowest target price of $10 came from Fearnley Securities.
Recent downgrade and target price cut for Euronav
In April, Fearnley Securities downgraded Euronav from “accumulate” to “reduce.” Its target price has been reduced from $12.50 to $10. This was the only change in recommendations in the past two months. But below are a few target prices that have been cut:
UBS lowered its 12-month price target for Euronav from $16 to $12.
DNB Markets reduced its 12-month target price from $17 to $12.70.
SEB Equities lowered its target price from $15.70 to $12.50 but maintained its “buy” rating on the stock.
Recommendations for Euronav’s peers
Nordic American Tankers (NAT) is covered by six analysts. About 33% of them gave the company a “buy” recommendation, and 67% give it a “sell.”
Teekay Tankers (TNK) is covered by 14 analysts. About 64% of them gave the company a “buy” recommendation, and 36% give it a “sell.”
Of the 17 analysts covering DHT Holdings (DHT), 70% give it a buy recommendation, 24% gave it a “hold,” and 6% give it a “sell.”
Of the 18 analysts covering Frontline (FRO), 44% gave it a “buy” recommendation, 50% gave it a “hold,” and 6% gave it “sell.”
General Maritime (GNRT) is covered by nine analysts. Of these, 78% give the company a “buy” recommendation, 11% gave it a “hold,” and 11% gave it a “sell.”
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