Maxim Group analyst Tate Sullivan maintained a Buy rating on EuroDry (EDRY – Research Report) yesterday and set a price target of $57.00. The company’s shares closed last Tuesday at $20.17, close to its 52-week low of $15.75.
According to TipRanks.com, Sullivan is a 5-star analyst with an average return of 15.9% and a 42.6% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Natural Gas Services Group, Seanergy Maritime, and Globus Maritime.
EuroDry has an analyst consensus of Moderate Buy, with a price target consensus of $51.00.
Based on EuroDry’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $22.32 million and net profit of $16.01 million. In comparison, last year the company earned revenue of $8.57 million and had a net profit of $864.5K.
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.
Eurodry Ltd. engages in the provision of ocean-going transportation services. It owns and operates drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks , which includes bauxite, phosphate, and fertilizers. The company was founded on January 8, 2018 and is headquartered in Athens, Greece.
Read More on EDRY: