Nordic American Tankers Limited (NAT) : Analyst Rating Update

Nordic American Tankers Limited (NAT) has an average broker rating of 2.8, which is interpreted as a Hold, as rated by 5 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Nordic American Tankers Limited (NAT) : Currently there are 5 street experts covering Nordic American Tankers Limited (NAT) stock. The most bullish and bearish price target for the stock is $17 and $10 respectively for the short term. The average price target of all the analysts comes to $13.2. The estimated standard deviation from the target is $3.11.

Nordic American Tankers Limited (NYSE:NAT): The stock opened at $13.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $13.81 for the day. The stock traded down to $13.51 during the day, due to lack of any buying support eventually closed down at $13.65 with a loss of -1.52% for the day. The stock had closed at $13.86 on the previous day. The total traded volume was 1,534,439 shares.

Also, Equity Analysts at the Jefferies downgrades the rating on Nordic American Tankers Limited (NYSE:NAT). The brokerage firm has issued a Underperform rating on the shares. The shares were previously rated Hold. The Analysts at the ratings agency lowers the price target from $12 per share to $10 per share. The rating by the firm was issued on May 10, 2016. The company shares have dropped -4.94% from its 1 Year high price. On Jul 22, 2015, the shares registered one year high at $17.45 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $14.60 and the 200 Day Moving Average price is recorded at $14.11.

Nordic American Tankers Limited (NAT) is an international tanker company. The Company owns approximately 24 Suezmax crude oil tankers, two of which are newbuildings averaging approximately 156,000 deadweight tonnage (dwt) each. The Companys subsidiaries include Scandic American Shipping Ltd. (Scandic) and Orion Tankers Ltd (Orion). The Companys Suezmax tankers are interchangeable assets within the Orion Tankers pool. NATs vessels include Nordic Harrier, Nordic Hawk, Nordic Hunter, Nordic Voyager, Nordic Fighter, Nordic Freedom, Nordic Discovery, Nordic Saturn, Nordic Jupiter, Nordic Moon, Nordic Apollo, Nordic Vega, Nordic Breeze, Nordic Aurora, Nordic Zenith and Nordic Sprinter. The Companys vessels were built in the yards of various companies, such as Samsung Heavy Industries Co., Ltd, Hyundai Heavy Industries Co., Ltd., Daewoo Shipbuilding and Marine Engineering S.A., Dalian Shipbuilding Industry Co. Ltd. and Bohai Shipbuilding Heavy Industry Co. Ltd.

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