Entering text into the input field will update the search result below

Eagle Bulk Shipping pops after B. Riley starts with Buy rating

Oct. 04, 2018 8:04 AM ETEagle Bulk Shipping Inc. (EGLE) StockEGLEBy: Carl Surran, SA News Editor1 Comment
  • Eagle Bulk Shipping (NASDAQ:EGLE) +2.6% pre-marekt after B. Riley FBR initiates coverage with a Buy recommendation and $8.50 price target, saying shares remain attractively priced even after a solid YTD run.
  • Riley says EGLE's concentrated strategy of operating within a tight segment of the bulk shipping market, supported by its fleet of supramax and ultramax vessels, enables the company to capture a wide range of commodity shipments while managing an increasingly efficient and cost-effective fleet as it continues to reduce its fleet age and vessel size.
  • The firm believes EGLE is well positioned in an environment of increasing rates supported by steadily growing global GDP and lower shipyard output.

Recommended For You

About EGLE Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
EGLE--
Eagle Bulk Shipping Inc.