Pangaea Logistics Solutions (PANL) Upgraded to “Buy” by ValuEngine

Pangaea Logistics Solutions (NASDAQ:PANL) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Several other equities analysts also recently commented on the stock. Noble Financial assumed coverage on shares of Pangaea Logistics Solutions in a research note on Tuesday. They issued a “buy” rating on the stock. TheStreet upgraded shares of Pangaea Logistics Solutions from a “d+” rating to a “c-” rating in a research note on Monday, November 27th. Fearnley Fonds assumed coverage on shares of Pangaea Logistics Solutions in a research note on Tuesday, October 10th. They issued a “buy” rating and a $3.60 price target on the stock. Finally, Deutsche Bank assumed coverage on shares of Pangaea Logistics Solutions in a research note on Wednesday, August 30th. They issued a “buy” rating and a $111.10 price target on the stock. Four research analysts have rated the stock with a buy rating, Pangaea Logistics Solutions currently has an average rating of “Buy” and an average target price of $57.35.

Pangaea Logistics Solutions (NASDAQ PANL) traded up $0.60 during mid-day trading on Friday, hitting $4.50. 40,953 shares of the company traded hands, compared to its average volume of 50,280. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.31 and a quick ratio of 1.08. Pangaea Logistics Solutions has a fifty-two week low of $2.14 and a fifty-two week high of $8.40. The firm has a market capitalization of $170.80, a P/E ratio of 11.47 and a beta of 0.98.

Pangaea Logistics Solutions (NASDAQ:PANL) last released its quarterly earnings results on Thursday, November 9th. The shipping company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.09. Pangaea Logistics Solutions had a net margin of 1.10% and a return on equity of 6.90%. The business had revenue of $107.02 million for the quarter. equities research analysts anticipate that Pangaea Logistics Solutions will post 0.21 earnings per share for the current fiscal year.

In other Pangaea Logistics Solutions news, Director Anthony Laura sold 13,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $4.50, for a total transaction of $58,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 86.15% of the company’s stock.

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About Pangaea Logistics Solutions

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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