Pangaea Logistics Solutions Ltd (PANL) Given Consensus Rating of “Strong Buy” by Analysts

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

Analysts have set a 12-month consensus price objective of $4.55 for the company and are expecting that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also given Pangaea Logistics Solutions an industry rank of 243 out of 265 based on the ratings given to its competitors.

Several equities research analysts recently commented on PANL shares. Noble Financial started coverage on Pangaea Logistics Solutions in a research report on Tuesday, December 12th. They set a “buy” rating on the stock. TheStreet upgraded Pangaea Logistics Solutions from a “d+” rating to a “c-” rating in a research report on Monday, November 27th. Fearnley Fonds started coverage on Pangaea Logistics Solutions in a research report on Tuesday, October 10th. They set a “buy” rating and a $3.60 target price on the stock. Finally, ValuEngine upgraded Pangaea Logistics Solutions from a “hold” rating to a “buy” rating in a research report on Friday, December 15th.

Shares of Pangaea Logistics Solutions (NASDAQ PANL) traded up $0.06 during trading on Friday, hitting $2.71. The company had a trading volume of 16,400 shares, compared to its average volume of 34,308. Pangaea Logistics Solutions has a 52 week low of $2.14 and a 52 week high of $8.40. The company has a current ratio of 1.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.68. The company has a market cap of $116.06, a price-to-earnings ratio of 33.88 and a beta of 0.97.

Pangaea Logistics Solutions (NASDAQ:PANL) last announced its earnings results on Thursday, November 9th. The shipping company reported $0.17 EPS for the quarter, beating the 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 company had revenue of $107.02 million for the quarter. analysts predict 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 that occurred on Wednesday, November 15th. The stock was sold at an average price of $4.50, for a total value of $58,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 86.15% of the stock is currently owned by corporate 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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