Euroseas (ESEA) Receives a Buy from Univest Securities

Univest Securities analyst James Jang maintained a Buy rating on Euroseas (ESEAResearch Report) yesterday and set a price target of $50.00. The company’s shares closed yesterday at $23.34.

According to TipRanks, Jang is an analyst with an average return of -8.7% and a 33.33% success rate.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Euroseas with a $51.00 average price target, implying an 118.51% upside from current levels. In a report released on August 12, Noble Financial also reiterated a Buy rating on the stock with a $49.00 price target.

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ESEA market cap is currently $170.3M and has a P/E ratio of 1.84.

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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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