Noble Financial Reaffirms Their Buy Rating on Eagle Bulk Shipping (EGLE)

By Carrie Williams

In a report released yesterday, Poe Fratt from Noble Financial maintained a Buy rating on Eagle Bulk Shipping (EGLEResearch Report), with a price target of $32.50. The company’s shares closed last Tuesday at $17.37.

According to TipRanks.com, Fratt has 0 stars on 0-5 stars ranking scale with an average return of -15.5% and a 31.8% success rate. Fratt covers the Industrial Goods sector, focusing on stocks such as Energy Services of America, Grindrod Shipping Holdings, and Great Lakes Dredge & Dock.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Eagle Bulk Shipping with a $18.50 average price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $34.13 and a one-year low of $8.89. Currently, Eagle Bulk Shipping has an average volume of 57.35K.

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.