Noble Financial analyst Poe Fratt maintained a Buy rating on Euroseas (NASDAQ: ESEA) yesterday. The company’s shares opened today at $1.89.
Fratt has an average return of 24.1% when recommending Euroseas.
According to TipRanks.com, Fratt is ranked #465 out of 4895 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Euroseas with a $3 average price target.
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Based on Euroseas’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $2.66 million. In comparison, last year the company had a GAAP net loss of $4.82 million.
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Euroseas Ltd. is a holding company, which engages in the provision of ocean-going transportation services. It operates containerships that transport dry and refrigerated containerized cargoes, mainly including manufactured products, and perishables.
