Market Overview

Vetr Upgrades, Urges Buy On Nordic American Tanker After Series Of Price Drops

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The Vetr crowd on Tuesday upgraded its rating for Nordic American Tanker Ltd (NYSE: NAT) from the stock's previous standing of 4 stars (Buy) issued three days ago, to 5 stars (Strong Buy). Crowd sentiment for Nordic American at the time of the upgrade was mostly positive, with 85 percent of Vetr user ratings bullish.

Despite a rough 2016 that saw the tanker company's share price drop by more than 45 percent, Nordic American seemed to find support at the $8 level through the first few months of 2017. However, the stock has experienced downward pressure that caused it to fall below $6. It ended trading on Tuesday at $5.65 in a downward trend.

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Currently, the Vetr crowd's average target price for Nordic American is up at $7.08, which is still below the average analyst target price of $9.42. Less than 2 percent of Vetr users are holding Nordic American in their watch-lists.

Latest Ratings for NAT

DateFirmActionFromTo
May 2020Evercore ISI GroupDowngradesIn-LineUnderperform
Oct 2019Evercore ISI GroupUpgradesUnderperformIn-Line
Oct 2019BTIGUpgradesNeutralBuy

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View the Latest Analyst Ratings

 

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Posted-In: VetrUpgrades Price Target Crowdsourcing Markets Analyst Ratings

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