Paragon Shipping Given Consensus Rating of “Buy” by Analysts (NASDAQ:PRGN)
Paragon Shipping (NASDAQ:PRGN) has been given an average rating of “Buy” by the seven brokerages that are presently covering the stock, AmericanBankingNews.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $9.45.
Shares of Paragon Shipping (NASDAQ:PRGN) traded up 0.81% during mid-day trading on Friday, hitting $4.99. The stock had a trading volume of 9,948 shares. Paragon Shipping has a 52 week low of $3.90 and a 52 week high of $9.40. The stock has a 50-day moving average of $5.51 and a 200-day moving average of $6.17. The company’s market cap is $122.9 million.
Paragon Shipping (NASDAQ:PRGN) last released its earnings data on Monday, May 19th. The company reported ($0.26) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.10) by $0.16. The company had revenue of $13.45 million for the quarter, compared to the consensus estimate of $13.90 million. During the same quarter in the prior year, the company posted ($0.28) earnings per share. Analysts expect that Paragon Shipping will post $-0.63 EPS for the current fiscal year.
A number of research firms have recently commented on PRGN. Analysts at Zacks downgraded shares of Paragon Shipping from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $4.80 price target on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Paragon Shipping in a research note on Tuesday, June 10th. They set a “buy” rating and a $12.00 price target on the stock. Finally, analysts at MLV & Co
initiated coverage on shares of Paragon Shipping in a research note on Wednesday, May 28th. They set a “hold” rating on the stock.
Paragon Shipping Inc is a holding Company. The Company is a global provider of shipping transportation services.
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