Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Eagle Bulk Shipping (NYSE:EGLE) in the last three months.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 0 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 2 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Eagle Bulk Shipping, revealing an average target of $53.55, a high estimate of $55.00, and a low estimate of $52.00. A decline of 15.0% from the prior average price target is evident in the current average.
Breaking Down Analyst Ratings: A Detailed Examination
An in-depth analysis of recent analyst actions unveils how financial experts perceive Eagle Bulk Shipping. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Benjamin Nolan | Stifel | Raises | Hold | $55.00 | $54.00 |
| Poe Fratt | Noble Capital Markets | Announces | Market Perform | $52.00 | - |
| Liam Burke | B. Riley Securities | Lowers | Neutral | $52.20 | $72.00 |
| Omar Nokta | Jefferies | Maintains | Buy | $55.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Eagle Bulk Shipping. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Eagle Bulk Shipping compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Eagle Bulk Shipping's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Eagle Bulk Shipping's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Eagle Bulk Shipping analyst ratings.
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All You Need to Know About Eagle Bulk Shipping
Eagle Bulk Shipping Inc is a U.S.-based, fully integrated shipowner-operator, providing global transportation solutions to miners, producers, traders and end users. The company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership, charter and operation of drybulk vessels. The company focuses on the versatile midsize drybulk vessel segment. The Company's fleet is comprised of Supramax and Ultramax drybulk carriers.
Eagle Bulk Shipping's Economic Impact: An Analysis
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Negative Revenue Trend: Examining Eagle Bulk Shipping's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -55.42% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Eagle Bulk Shipping's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -6.24%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Eagle Bulk Shipping's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -0.85%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Eagle Bulk Shipping's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.44%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a high debt-to-equity ratio of 0.85, Eagle Bulk Shipping faces challenges in effectively managing its debt levels, indicating potential financial strain.
The Basics of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.