CMB.TECH (NYSE:CMBT) Stock Rating Upgraded by Wall Street Zen

CMB.TECH (NYSE:CMBT) was upgraded by equities research analysts at Wall Street Zen 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 shares of CMB.TECH from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

CMB.TECH Stock Up 0.0%

Shares of NYSE:CMBT opened at $16.64 on Friday. CMB.TECH has a one year low of $9.27 and a one year high of $21.19. The company has a 50 day moving average of $18.90 and a 200-day moving average of $15.54. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.12 and a quick ratio of 0.97. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 5.72 and a beta of 0.21.

CMB.TECH (NYSE:CMBT) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $1.26 earnings per share for the quarter. CMB.TECH had a net margin of 37.19% and a return on equity of 30.02%. The business had revenue of $703.94 million for the quarter.

Institutional Investors Weigh In On CMB.TECH

Several large investors have recently made changes to their positions in CMBT. Commonwealth Equity Services LLC raised its holdings in shares of CMB.TECH by 41.7% during the third quarter. Commonwealth Equity Services LLC now owns 15,693 shares of the company’s stock worth $297,000 after acquiring an additional 4,616 shares during the period. State of Wyoming acquired a new position in CMB.TECH in the 3rd quarter worth $407,000. WINTON GROUP Ltd boosted its position in shares of CMB.TECH by 31.7% during the second quarter. WINTON GROUP Ltd now owns 69,800 shares of the company’s stock worth $977,000 after buying an additional 16,800 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of CMB.TECH during the second quarter worth about $46,000. Finally, BTG Pactual Asset Management US LLC grew its holdings in shares of CMB.TECH by 528.9% during the second quarter. BTG Pactual Asset Management US LLC now owns 559,729 shares of the company’s stock worth $7,831,000 after buying an additional 470,726 shares in the last quarter.

About CMB.TECH

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.