Eagle Bulk Shipping Inc (EGLE) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Eagle Bulk Shipping Inc (NASDAQ:EGLE) have received a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company.
Analysts have set a twelve-month consensus price objective of $6.25 for the company and are expecting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Eagle Bulk Shipping an industry rank of 235 out of 265 based on the ratings given to related companies.
A number of equities analysts have weighed in on the company. ValuEngine downgraded Eagle Bulk Shipping from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Noble Financial assumed coverage on Eagle Bulk Shipping in a research report on Friday. They set a “buy” rating and a $6.00 price target on the stock. Zacks Investment Research downgraded Eagle Bulk Shipping from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Finally, Maxim Group reissued a “hold” rating and set a $4.50 price target on shares of Eagle Bulk Shipping in a research report on Thursday, November 2nd.
Shares of Eagle Bulk Shipping (EGLE) traded up $0.12 during midday trading on Thursday, reaching $4.90. The company’s stock had a trading volume of 467,744 shares, compared to its average volume of 324,075. The firm has a market capitalization of $363.11, a P/E ratio of -1.46 and a beta of 3.36. The company has a current ratio of 4.25, a quick ratio of 3.75 and a debt-to-equity ratio of 0.66. Eagle Bulk Shipping has a 1 year low of $4.18 and a 1 year high of $7.61.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2018/01/14/eagle-bulk-shipping-inc-egle-receives-consensus-recommendation-of-buy-from-brokerages.html.
Eagle Bulk Shipping Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Eagle Bulk Shipping Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Bulk Shipping and related stocks with our FREE daily email newsletter.