Shares of Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price objective of $4.55 for the company and are anticipating that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also assigned Pangaea Logistics Solutions an industry rank of 233 out of 265 based on the ratings given to related companies.

A number of equities research analysts recently weighed in on PANL shares. Fearnley Fonds started coverage on Pangaea Logistics Solutions in a report on Tuesday, October 10th. They set a “buy” rating and a $3.60 price target for the company. Deutsche Bank started coverage on Pangaea Logistics Solutions in a report on Wednesday, August 30th. They set a “buy” rating and a $111.10 price target for the company. ValuEngine raised Pangaea Logistics Solutions from a “hold” rating to a “buy” rating in a report on Friday. Noble Financial started coverage on Pangaea Logistics Solutions in a report on Tuesday, December 12th. They set a “buy” rating for the company. Finally, TheStreet raised Pangaea Logistics Solutions from a “d+” rating to a “c-” rating in a report on Monday, November 27th.

Pangaea Logistics Solutions (PANL) traded up $0.60 during mid-day trading on Friday, reaching $4.50. The company had a trading volume of 40,953 shares, compared to its average volume of 50,280. Pangaea Logistics Solutions has a 12-month low of $2.14 and a 12-month high of $8.40. The firm has a market cap of $197.08, a PE ratio of 13.24 and a beta of 0.98. 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 (NASDAQ:PANL) last released its quarterly earnings results on Thursday, November 9th. The shipping company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.09. Pangaea Logistics Solutions had a return on equity of 6.90% and a net margin of 1.10%. The firm had revenue of $107.02 million during the quarter. equities research analysts forecast that Pangaea Logistics Solutions will post 0.21 earnings per share for the current year.

In other news, Director Anthony Laura sold 13,000 shares of Pangaea Logistics Solutions stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $4.50, for a total value of $58,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 86.15% of the stock is currently owned by company insiders.

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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.

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