Nordic American Tankers Limited (NAT)
NYSE: NAT · IEX Real-Time Price · USD
3.740
+0.050 (1.36%)
At close: Jul 19, 2024, 4:00 PM
3.730
-0.010 (-0.27%)
Pre-market: Jul 22, 2024, 4:16 AM EDT
Nordic American Tankers Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for NAT stock have an average target of 5.17, with a low estimate of 4.50 and a high estimate of 6.00. The average target predicts an increase of 38.24% from the current stock price of 3.74.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 29, 2024.
Analyst Ratings
The average analyst rating for NAT stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Maintains $5.5 → $5 | Strong Buy | Maintains | $5.5 → $5 | +33.69% | May 29, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $5 → $4.5 | Hold | Maintains | $5 → $4.5 | +20.32% | Feb 29, 2024 |
| Jefferies | Jefferies | Strong Buy Reiterates $5.5 | Strong Buy | Reiterates | $5.5 | +47.06% | Feb 29, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $5.5 → $6 | Strong Buy | Maintains | $5.5 → $6 | +60.43% | Aug 29, 2023 |
| Jefferies | Jefferies | Strong Buy Reiterates $5 | Strong Buy | Reiterates | $5 | +33.69% | May 22, 2023 |
Financial Forecast
Revenue This Year
286.29M
from 391.69M
Decreased by -26.91%
Revenue Next Year
311.63M
from 286.29M
Increased by 8.85%
EPS This Year
0.51
from 0.47
Increased by 9.06%
EPS Next Year
0.67
from 0.51
Increased by 30.05%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 318.2M | 368.6M | 368.6M | 277.2M |
| Avg | 286.3M | 311.6M | 327.9M | 266.6M |
| Low | 258.8M | 272.0M | 292.3M | 258.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -18.8% | 28.7% | 18.3% | -15.5% |
| Avg | -26.9% | 8.9% | 5.2% | -18.7% |
| Low | -33.9% | -5.0% | -6.2% | -21.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 0.68 | 0.93 | 0.95 | 0.49 |
| Avg | 0.51 | 0.67 | 0.78 | 0.47 |
| Low | 0.38 | 0.46 | 0.63 | 0.46 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 45.2% | 82.3% | 41.8% | -36.5% |
| Avg | 9.1% | 30.0% | 16.7% | -39.0% |
| Low | -18.7% | -10.1% | -5.9% | -40.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.