Does Euronav NV (EURN) Stock have plenty of room for growth?

Deutsche Bank raised the price target for the Euronav NV (NYSE:EURN) stock from “a Buy” to “a Hold”. The rating was released on February 06, 2024, according to finviz. We previously noted in another research note published on January 31, 2024 by Jefferies that downgraded the stock from a Buy to a Hold with a price target of $18 for EURN stock. The research report from JP Morgan has downgraded the stock from Overweight to Neutral, with a price target set at $18.43. The stock was downgraded by Evercore ISI, who disclosed in a research note on October 24, 2023, from Outperform to In-line and set the price objective to $19. In their research brief published August 15, 2023, JP Morgan analysts initiated the Euronav NV stock to Overweight with a price target of $21.50.

The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated 3.38% within the last five trades and 23.92% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 17.04% in the last 6 months and 18.76% was added to its value over the previous 3 months. EURN stock is trading at a margin of 4.84%, 17.26% and 19.70% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.


As of the close of trading, EURN deals in the Energy domain. The stock is trading -4.62 percent below its 52-week high and 49.41 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -0.71. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Euronav NV’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 43.65 percent and the profit margin is 103.93 percent, and the company has reported a gross margin of 49.25 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $3.22 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Euronav NV (NYSE:EURN) is 2.82. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 9.13. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.83 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.66, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 92.25 percent of Euronav NV shares are owned by insiders, and 18.15 percent are held by financial institutions.

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