Stifel Nicolaus analyst Benjamin Nolan maintained a Buy rating on Eagle Bulk Shipping (EGLE – Research Report) yesterday and set a price target of $64.00. The company’s shares closed yesterday at $53.35.
According to TipRanks, Nolan is a top 100 analyst with an average return of 21.2% and a 64.36% success rate. Nolan covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Canadian Pacific, and Cheniere Energy.
Currently, the analyst consensus on Eagle Bulk Shipping is a Strong Buy with an average price target of $68.17, representing a 27.78% upside. In a report released yesterday, Noble Financial also reiterated a Buy rating on the stock with a $84.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
EGLE market cap is currently $709.8M and has a P/E ratio of 2.70.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Eagle Bulk Shipping, Inc. is a holding company, which engages in the ocean transportation of a broad range of dry bulk cargoes worldwide through the ownership, charter, and operation of dry bulk vessels. It operates Supramax and Handymax vessels that transport minor and major bulk cargoes, including iron ore, coal, grain, cement, and fertilizer. The company was founded by Sophocles N. Zoullas on March 23, 2005 and is headquartered in Stamford, CT.
Read More on EGLE:
- Eagle Bulk Shipping Inc. Reports Results for the Third Quarter of 2022
- Eagle Bulk Shipping price target lowered to $72 from $82 at B. Riley
- Eagle Bulk Shipping management to meet with B. Riley
- Eagle Bulk Shipping Inc. to Issue Third Quarter 2022 Results and Hold Investor Conference Call
- 11 Shipping Stocks to Watch as Demand for Shipping Sinks