Cleaves Securities Thinks Nordic American Tanker’s Stock is Going to Recover

In a report issued on July 28, Joakim Hannisdahl from Cleaves Securities upgraded Nordic American Tanker (NATResearch Report) to Purchase, with a value 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, Hannisdahl is a 5-star analyst with a median return of 21.1% and a 59.6% success charge. Hannisdahl covers the Industrial Items sector, specializing in shares akin to Worldwide Seaways, Eagle Bulk Delivery, and Star Bulk Carriers.

Nordic American Tanker has an analyst consensus of Average Purchase, with a value goal consensus of $3.78.

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Nordic American Tanker’s market cap is at the moment $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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