Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Euronav (NYSE: EURN) weakened in the last week. EURN’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Euronav (NYSE: EURN) stock closed at $17.75 on 8/1/24 after a decline of -3.4%. Moreover, above average trading volume at 132% of normal accompanied the decline. The stock has risen 7.2% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
EURN is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Euronav has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Euronav has a neutral Appreciation Score of 48 and a slightly negative Power Rating of 35, and the Negative Value Trend Rating results.
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