Maxim Group analyst James Jang maintained a Buy rating on EuroDry Ltd (EDRY) today and set a price target of $13. The company’s shares opened today at $12.99, close to its 52-week high of $14.50.
Jang observed:
“EuroDry (EDRY) reported another solid quarter of earnings, with 3Q18 results ahead of of expectations. Reported net revenues of $7.2M, EBITDA of $3.8M, and operating EPS of $0.62 were all ahead of our, and consensus expectations.”
According to TipRanks.com, Jang is a 4-star analyst with an average return of 12.0% and a 40.5% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Nordic American Tanker, and Eagle Bulk Shipping.
Currently, the analyst consensus on EuroDry Ltd is a Moderate Buy with an average price target of $12.50, which is a -3.8% downside from current levels. In a report issued on November 13, Noble Financial also assigned a Buy rating to the stock with a $12 price target.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $14.50 and a one-year low of $0. Currently, EuroDry Ltd has an average volume of 57.59K.
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.
