Eagle Bulk Shipping (EGLE) Upgraded by ValuEngine to “Hold”
Eagle Bulk Shipping (NASDAQ:EGLE) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
A number of other equities analysts also recently commented on the stock. Maxim Group reaffirmed a “hold” rating and set a $4.50 target price on shares of Eagle Bulk Shipping in a research note on Thursday, November 2nd. Zacks Investment Research downgraded shares of Eagle Bulk Shipping from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Eagle Bulk Shipping presently has a consensus rating of “Hold” and a consensus target price of $5.67.
Shares of Eagle Bulk Shipping (NASDAQ EGLE) traded down $0.09 during mid-day trading on Friday, reaching $4.28. 1,450,000 shares of the company’s stock were exchanged, compared to its average volume of 310,663. 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 one year low of $4.18 and a one year high of $7.61.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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