Euronav NV [EURN] stock is trading at $16.23, up 1.56%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EURN shares have gain 4.84% over the last week, with a monthly amount drifted -8.56%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Euronav NV [NYSE: EURN] stock has seen the most recent analyst activity on February 06, 2024, when Deutsche Bank downgraded its rating to a Hold. Previously, Jefferies downgraded its rating to Hold on January 31, 2024, and dropped its price target to $18. On October 31, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $18.43 on the stock. Evercore ISI downgraded its rating to a In-line but stick to its price target of $19 on October 24, 2023. JP Morgan initiated its recommendation with a Overweight and recommended $21.50 as its price target on August 15, 2023. Deutsche Bank upgraded its rating to Buy for this stock on May 12, 2023, but kept the price target unchanged to $20. In a note dated April 25, 2023, Stifel upgraded an Buy rating on this stock and boosted its target price from $17 to $22.
Euronav NV [EURN] stock has fluctuated between $14.07 and $18.50 over the past year. Currently, Wall Street analysts expect the stock to reach $21 within the next 12 months. Euronav NV [NYSE: EURN] shares were valued at $16.23 at the most recent close of the market. An investor can expect a potential return of 29.39% based on the average EURN price forecast.
Analyzing the EURN fundamentals
Euronav NV [NYSE:EURN] reported sales of 1.24B for the trailing twelve months, which represents a drop of -26.40%. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.52%, Pretax Profit Margin comes in at 0.71%, and Net Profit Margin reading is 0.7%. To continue investigating profitability, this company’s Return on Assets is posted at 0.26, Equity is 0.39 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.00 points at the first support level, and at 15.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.40, and for the 2nd resistance point, it is at 16.56.
Euronav NV [EURN] reported earnings per share of $2.03 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.54/share, meaning a difference of $1.49 and a surprise factor of 275.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.57 per share as compared to estimates of $0.42 per share, a difference of $0.15 representing a surprise of 35.70%.
Ratios To Look Out For
For context, Euronav NV’s Current Ratio is 1.94. As well, the Quick Ratio is 1.88, while the Cash Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 2.65, the price to book ratio is 1.51 and price to earnings (TTM) ratio is 4.77.
