Cleaves Securities Sticks to Their Sell Rating for Nordic American Tanker (NAT)
In a report issued on January 9, Joakim Hannisdahl from Cleaves Securities maintained a Sell rating on Nordic American Tanker (NAT), with a price target of $1.20. The company’s shares closed last Monday at $2.95, close to its 52-week low of $2.30.
According to TipRanks.com, Hannisdahl is a 4-star analyst with an average return of 8.2% and a 64.1% success rate. Hannisdahl covers the Industrial Goods sector, focusing on stocks such as International Seaways, Eagle Bulk Shipping, and Star Bulk Carriers.
Currently, the analyst consensus on Nordic American Tanker is a Hold with an average price target of $3.57.
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Nordic American Tanker’s market cap is currently $456.6M and has a P/E ratio of 4.90. The company has a Price to Book ratio of 0.72.
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Nordic American Tankers Ltd. is an international tanker company, which engages in owning and operating of Suezmax crude oil tankers. The company was founded by Herbjørn Hansson on June 12, 1995 and is headquartered in Hamilton, Bermuda.