In a report issued on July 28, Joakim Hannisdahl from Cleaves Securities upgraded Nordic American Tanker (NAT – Analysis Report) to Purchase, with a worth goal of $3.10. The corporate’s shares closed final Tuesday at $2.53, near its 52-week low of $2.46.
In keeping with TipRanks.com, Hannisdahl is a 5-star analyst with a mean return of 21.1% and a 59.6% success charge. Hannisdahl covers the Industrial Items sector, specializing in shares reminiscent of Worldwide Seaways, Eagle Bulk Delivery, and Star Bulk Carriers.
Nordic American Tanker has an analyst consensus of Reasonable Purchase, with a worth goal consensus of $3.78.
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Nordic American Tanker’s market cap is at present $394.8M and has a P/E ratio of -28.30. The corporate has a Value to E-book ratio of 0.69.
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Nordic American Tankers Ltd. is a world tanker firm, which engages in proudly owning and working of Suezmax crude oil tankers. The corporate was based by Herbjørn Hansson on June 12, 1995 and is headquartered in Hamilton, Bermuda.
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