CMB.TECH (NYSE:CMBT) Upgraded at Wall Street Zen
by Renee Jackson · The Cerbat GemWall Street Zen upgraded shares of CMB.TECH (NYSE:CMBT – Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.
Separately, Weiss Ratings upgraded CMB.TECH from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.
Read Our Latest Report on CMBT
CMB.TECH Price Performance
Shares of NYSE CMBT opened at $16.59 on Friday. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 5.86 and a beta of 0.21. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.97 and a current ratio of 1.12. CMB.TECH has a fifty-two week low of $9.37 and a fifty-two week high of $21.19. The firm’s 50-day simple moving average is $18.86 and its 200 day simple moving average is $15.56.
CMB.TECH (NYSE:CMBT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $1.26 EPS for the quarter. The firm had revenue of $703.94 million during the quarter. CMB.TECH had a return on equity of 30.02% and a net margin of 37.19%.
CMB.TECH Announces Dividend
The company also recently declared a special dividend, which was paid on Thursday, October 22nd. Investors of record on Friday, October 16th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, October 16th. CMB.TECH’s dividend payout ratio (DPR) is presently 16.84%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMBT. Valley Wealth Managers Inc. purchased a new stake in CMB.TECH in the 1st quarter valued at about $33,000. Integrated Wealth Concepts LLC purchased a new position in shares of CMB.TECH in the 2nd quarter worth approximately $46,000. Harbour Investments Inc. boosted its stake in shares of CMB.TECH by 45.5% in the 3rd quarter. Harbour Investments Inc. now owns 2,538 shares of the company’s stock worth $48,000 after buying an additional 794 shares during the last quarter. Optiver Holding B.V. grew its holdings in shares of CMB.TECH by 145.7% in the first quarter. Optiver Holding B.V. now owns 12,473 shares of the company’s stock valued at $158,000 after acquiring an additional 7,397 shares in the last quarter. Finally, Amundi bought a new position in shares of CMB.TECH in the first quarter valued at approximately $246,000.
CMB.TECH Company Profile
CMB.TECH is a Belgian maritime group that owns and operates vessels and provides shipping and marine services worldwide. Its activities span the transport of crude oil, dry bulk commodities, chemicals and containers, as well as offshore wind support services.
The group’s businesses include tanker operator Euronav, dry bulk operator Bocimar and offshore wind services provider Windcat. CMB.TECH also develops and deploys lower-emission maritime technologies, including hydrogen- and ammonia-powered engines and related fuel solutions.
The company adopted the CMB.TECH name in 2024, following the integration of Compagnie Maritime Belge with Euronav.