Noble Financial Keeps Their Buy Rating on Eagle Bulk Shipping (EGLE)


Noble Financial analyst Poe Fratt maintained a Buy rating on Eagle Bulk Shipping (EGLE) today and set a price target of $30.00. The company’s shares closed last Tuesday at $18.30.

According to TipRanks.com, Fratt is a 4-star analyst with an average return of 10.1% and a 50.5% success rate. Fratt covers the Industrial Goods sector, focusing on stocks such as Energy Services of America, Great Lakes Dredge & Dock, and Orion Group Holdings.

Eagle Bulk Shipping has an analyst consensus of Moderate Buy, with a price target consensus of $24.00.

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Based on the recent corporate insider activity of 12 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. The company was founded by Sophocles N. Zoullas on March 23, 2005 and is headquartered in Stamford, CT.

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