Euroseas (ESEA) Receives a Buy from Maxim Group

Maxim Group analyst Tate Sullivan maintained a Buy rating on Euroseas (ESEAResearch Report) yesterday and set a price target of $54.00. The company’s shares closed last Wednesday at $29.24.

According to TipRanks.com, Sullivan is a 5-star analyst with an average return of 19.7% and a 46.7% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Seanergy Maritime, Globus Maritime, and NV5 Holdings.

Euroseas has an analyst consensus of Moderate Buy, with a price target consensus of $51.50, a 67.1% upside from current levels. In a report issued on February 2, Noble Financial also maintained a Buy rating on the stock with a $49.00 price target.

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The company has a one-year high of $39.17 and a one-year low of $6.51. Currently, Euroseas has an average volume of 120.2K.

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Euroseas Ltd. is a holding company, which engages in the provision of ocean-going transportation services. It operates containerships that transport dry and refrigerated containerized cargoes, mainly including manufactured products, and perishables. The firm also owns drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. The company was founded on May 5, 2005 and is headquartered in Athens, Greece.

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