Blurbs

Eagle Bulk Shipping (EGLE) Receives a Rating Update from a Top Analyst

Stifel Nicolaus analyst Benjamin Nolan maintained a Buy rating on Eagle Bulk Shipping (EGLEResearch 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.

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EGLE market cap is currently $709.8M and has a P/E ratio of 2.70.

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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.

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