Zacks: Eagle Bulk Shipping Inc (EGLE) Given Average Rating of “” by Analysts
Eagle Bulk Shipping Inc (NASDAQ:EGLE) has been given an average broker rating score of 0.00 () from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokers have set a 1-year consensus target price of $7.00 for the company and are expecting that the company will post ($0.26) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Eagle Bulk Shipping an industry rank of 159 out of 265 based on the ratings given to related companies.
Separately, Seaport Global Securities restated a “buy” rating and issued a $7.00 price objective on shares of Eagle Bulk Shipping in a research report on Thursday, March 9th.
Shares of Eagle Bulk Shipping (NASDAQ:EGLE) opened at 5.80 on Tuesday. The stock has a 50 day moving average price of $5.76 and a 200-day moving average price of $6.05. Eagle Bulk Shipping has a 52-week low of $4.06 and a 52-week high of $23.60.
In other news, major shareholder Oaktree Capital Group Holdings acquired 7,600,000 shares of Eagle Bulk Shipping stock in a transaction that occurred on Friday, January 20th. The stock was purchased at an average price of $4.50 per share, for a total transaction of $34,200,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by company insiders.
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About Eagle Bulk Shipping
Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels.
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