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.
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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.
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