Headlines about Eagle Bulk Shipping (NASDAQ:EGLE) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Eagle Bulk Shipping earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 47.9330769095896 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern’s scoring:
- Eagle Bulk Shipping (EGLE) Coverage Initiated by Analysts at Noble Financial (americanbankingnews.com)
- UPDATE: Noble Financial Starts Eagle Bulk Shipping (EGLE) at Buy Citing Potential for Strong Growth – StreetInsider.com (streetinsider.com)
- Eagle Bulk Shipping Inc (EGLE) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Zacks: Eagle Bulk Shipping Inc (EGLE) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Eagle Bulk Shipping Inc Testing Breakout Point (investing.com)
EGLE has been the subject of a number of recent research reports. Maxim Group reiterated a “hold” rating and issued a $4.50 target price on shares of Eagle Bulk Shipping in a report on Thursday, November 2nd. Zacks Investment Research upgraded Eagle Bulk Shipping from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a report on Thursday, November 9th. ValuEngine cut Eagle Bulk Shipping from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, Noble Financial initiated coverage on Eagle Bulk Shipping in a report on Friday. They issued a “buy” rating and a $6.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $5.75.
Eagle Bulk Shipping (EGLE) opened at $4.90 on Friday. The company has a market capitalization of $354.22, a P/E ratio of -1.46 and a beta of 3.36. The company has a quick ratio of 3.75, a current ratio of 4.25 and a debt-to-equity ratio of 0.66. Eagle Bulk Shipping has a 1-year low of $4.18 and a 1-year high of $7.61.
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Eagle Bulk Shipping Company Profile
Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels.
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