In a report released today, James Jang from Maxim Group maintained a Buy rating on EuroDry Ltd (EDRY), with a price target of $11. The company’s shares closed yesterday at $7.73.
Jang observed:
“EuroDry (EDRY) continues to report solid earnings with 4Q18 revenues, EBITDA and operating EPS all ahead of expectations.”
According to TipRanks.com, Jang is a 3-star analyst with an average return of 2.5% and a 33.1% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Eagle Bulk Shipping Inc, and Nordic American Tanker.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EuroDry Ltd with a $11 average price target.
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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 15.99K.
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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.