Noble Financial analyst Poe Fratt maintained a Buy rating on Pangaea Logistics Solutions (NASDAQ: PANL) yesterday and set a price target of $5.50. The company’s shares closed yesterday at $3.53.
Fratt has an average return of 13.9% when recommending Pangaea Logistics Solutions.
According to TipRanks.com, Fratt is ranked #1701 out of 4872 analysts.
Currently, the analyst consensus on Pangaea Logistics Solutions is a Moderate Buy with an average price target of $5.50.
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Based on Pangaea Logistics Solutions’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $5.77 million. In comparison, last year the company had a GAAP net loss of $4.74 million.
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Pangaea Logistics Solutions Ltd. engages in the provision of seaborne drybulk transportation services. It provides logistics services for dry bulk cargoes including grains, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone.
