Poe Fratt, analyst at Noble Financial, reiterates coverage on Eagle Bulk Shipping (EGLE) in the Industrial Goods sector with a Buy rating. TipRanks.com has Fratt rated as a 5 star analyst with a 52.00% return on investment and a 60.00% success rate. Fratt has set a price target of $65.00.
TipRanks.com reports that EGLE currently has 6 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $57.00. The target pricing ranges from a high forecast of $65.00 down to a low forecast of $50.00.
EGLE’s last closing price was $46.05 which would put the average price target at 23.78% upside.
In addition, TradingView issued a Neutral rating for EGLE over the next month.
Remember, securities are volatile, so please do your own research on EGLE.
Other analysts covering EGLE include:
- Liam Burke of B Riley Financial issued a buy rate with the price target of $62 in May
- Espen Fjermestad of Fearnley Securities issued a buy rate with the price target of $55 in May
- Gregory Lewis of BTIG issued a buy rate with the price target of $55 in May
If you are interest in stocks like EGLE or stocks in the Industrial Goods sector, please click here.
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