Noble Financial Sticks to Their Buy Rating for Eagle Bulk Shipping (EGLE)


Noble Financial analyst Poe Fratt maintained a Buy rating on Eagle Bulk Shipping (EGLE) on January 28. The company’s shares closed yesterday at $4.14, close to its 52-week low of $4.03.

According to TipRanks.com, Fratt is ranked #4333 out of 5129 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eagle Bulk Shipping with a $6.70 average price target, representing a 61.8% upside. In a report issued on January 23, Maxim Group also maintained a Buy rating on the stock with a $7 price target.

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The company has a one-year high of $6.14 and a one-year low of $4.03. Currently, Eagle Bulk Shipping has an average volume of 362.6K.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EGLE in relation to earlier this year.

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.

Eagle Bulk Shipping, Inc. is a holding company, which engages in the ocean transportation of a broad range of dry bulk cargoes worldwide through the ownership, charter, and operation of dry bulk vessels. It operates Supramax and Handymax vessels that transport minor and major bulk cargoes, including iron ore, coal, grain, cement, and fertilizer.

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