Pangaea Logistics Solutions Ltd. (PANL) Now Covered by Analysts at Fearnley Fonds
Investment analysts at Fearnley Fonds assumed coverage on shares of Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating and a $3.60 price target on the shipping company’s stock. Fearnley Fonds’ price objective indicates a potential upside of 52.54% from the stock’s previous close.
Separately, Deutsche Bank AG started coverage on Pangaea Logistics Solutions in a research report on Wednesday, August 30th. They set a “buy” rating and a $111.10 target price for the company.
Shares of Pangaea Logistics Solutions (NASDAQ:PANL) traded down 1.26% on Tuesday, reaching $2.36. The company had a trading volume of 26,433 shares. Pangaea Logistics Solutions has a one year low of $2.14 and a one year high of $4.44. The company has a 50-day moving average price of $2.45 and a 200-day moving average price of $2.88. The firm has a market cap of $103.36 million, a P/E ratio of 33.71 and a beta of 0.39.
TRADEMARK VIOLATION NOTICE: “Pangaea Logistics Solutions Ltd. (PANL) Now Covered by Analysts at Fearnley Fonds” was first published by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/10/pangaea-logistics-solutions-ltd-panl-now-covered-by-analysts-at-fearnley-fonds.html.
An institutional investor recently raised its position in Pangaea Logistics Solutions stock. RBF Capital LLC boosted its stake in Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) by 16.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,179 shares of the shipping company’s stock after purchasing an additional 16,630 shares during the quarter. RBF Capital LLC owned about 0.33% of Pangaea Logistics Solutions worth $400,000 as of its most recent SEC filing. 28.65% of the stock is owned by institutional investors and hedge funds.
Pangaea Logistics Solutions Company Profile
Pangaea Logistics Solutions, Ltd. is a holding company. The Company is a provider of seaborne drybulk transportation services. The Company services a range of industrial customers who require the transportation of a range of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone.
Receive News & Ratings for Pangaea Logistics Solutions Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pangaea Logistics Solutions Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.