Eagle Bulk Shipping Inc (EGLE) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Eagle Bulk Shipping Inc (NASDAQ:EGLE) have earned an average rating of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $6.25.

EGLE has been the topic of several research analyst reports. Noble Financial initiated coverage on Eagle Bulk Shipping in a research note on Friday, January 12th. They set a “buy” rating and a $6.00 price objective on the stock. Maxim Group restated a “hold” rating and set a $4.50 price objective on shares of Eagle Bulk Shipping in a research note on Thursday, November 2nd. Zacks Investment Research upgraded Eagle Bulk Shipping from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Thursday, November 9th. Deutsche Bank initiated coverage on Eagle Bulk Shipping in a research note on Thursday, January 25th. They set a “buy” rating and a $7.00 price objective on the stock. Finally, ValuEngine cut Eagle Bulk Shipping from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th.

Eagle Bulk Shipping (EGLE) opened at $4.42 on Tuesday. Eagle Bulk Shipping has a one year low of $4.18 and a one year high of $6.70. The stock has a market capitalization of $343.84, a price-to-earnings ratio of -1.32 and a beta of 3.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.75 and a current ratio of 4.25.

Hedge funds have recently bought and sold shares of the business. Nationwide Fund Advisors lifted its stake in Eagle Bulk Shipping by 1,097.4% in the second quarter. Nationwide Fund Advisors now owns 23,338 shares of the shipping company’s stock valued at $110,000 after buying an additional 21,389 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Eagle Bulk Shipping by 5,708.4% in the second quarter. The Manufacturers Life Insurance Company now owns 34,386 shares of the shipping company’s stock valued at $162,000 after buying an additional 33,794 shares during the last quarter. SG Americas Securities LLC bought a new stake in Eagle Bulk Shipping in the fourth quarter valued at $171,000. Virtu KCG Holdings LLC bought a new stake in Eagle Bulk Shipping in the second quarter valued at $174,000. Finally, Rhumbline Advisers bought a new stake in Eagle Bulk Shipping in the second quarter valued at $206,000. Institutional investors own 26.27% of the company’s stock.

WARNING: “Eagle Bulk Shipping Inc (EGLE) Receives Consensus Recommendation of “Hold” from Analysts” was published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/06/eagle-bulk-shipping-inc-egle-receives-consensus-recommendation-of-hold-from-analysts.html.

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.

Receive News & Ratings for Eagle Bulk Shipping Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Bulk Shipping and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply