In a report released yesterday, Poe Fratt from Noble Financial maintained a Buy rating on Pangaea Logistics Solutions (NASDAQ: PANL), with a price target of $5.50. The company’s shares closed yesterday at $3.30.
Fratt has an average return of 6.5% when recommending Pangaea Logistics Solutions.
According to TipRanks.com, Fratt is ranked #1881 out of 4872 analysts.
Pangaea Logistics Solutions has an analyst consensus of Moderate Buy, with a price target consensus 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.
