Pangaea Logistics Solutions (PANL) Gets a Buy Rating from Noble Financial

By Austin Angelo

In a report released yesterday, Poe Fratt from Noble Financial maintained a Buy rating on Pangaea Logistics Solutions (PANLResearch Report), with a price target of $5.50. The company’s shares closed yesterday at $3.22.

Fratt has an average return of 0.9% when recommending Pangaea Logistics Solutions.

According to, Fratt is ranked #4230 out of 5250 analysts.

Pangaea Logistics Solutions has an analyst consensus of Moderate Buy, with a price target consensus of $5.50.

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The company has a one-year high of $3.90 and a one-year low of $2.35. Currently, Pangaea Logistics Solutions has an average volume of 17.29K.

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Pangaea Logistics Solutions Ltd. engages in the provision of seaborne drybulk logistics and transportation services. It operates a fleet of Supramax, Panamax, and Handymax vessels. The company was founded by Edward Coll, Carl Claus Boggild, and Anthony Laura on April 29, 2014 and is headquartered in Newport, RI.