Eagle Bulk Shipping Inc. engages in the ocean transportation of dry bulk cargoes worldwide.
Eagle Bulk Shipping stock last closed at $40.60, down 1.22% from the previous day, and has decreased 42.86% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.07 percentage points. Eagle Bulk Shipping stock is currently +1.17% from its 52-week low of $40.13, and -48.44% from its 52-week high of $78.75.
At the moment, there are 13.71M EGLE shares outstanding. The market cap of EGLE is $556.70M. In the last 24 hours, 255,673 EGLE shares were traded.
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After you have chosen the best place to buy Eagle Bulk Shipping stock, it's important to analyze their stock before you buy, so you can comprehend the risk and upside.
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You can see all of the due diligence checks on EGLE's stock page.
Investors use many financial metrics, analyses, models, and charts to gauge EGLE's intrinsic value.
Using relative valuations measures:
You can do additional valuation analysis on EGLE's stock here.
Out of 3 sell side analysts who monitor EGLE, the consensus analyst rating on EGLE is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Omar Nokta, a bottom 8% analyst from Jefferies maintains EGLE with a strong buy rating and lowers their EGLE price target from $68.00 to $60.00, on May 5, 2023.
Poe Fratt, a bottom 14% analyst from Alliance Global Partners maintains EGLE with a strong buy rating and lowers their EGLE price target from $85.00 to $75.00, on May 1, 2023.
Gregory Lewis, a top 6% analyst from BTIG maintains EGLE with a strong buy rating and raises their EGLE price target from $60.00 to $70.00, on Jan 23, 2023.
Lewis raised his price target on Eagle Bulk Shipping Inc. by 16.7%.
While the Baltic Dry Index* "limped to the finish line" in 2022, the analyst said he sees a significant "rebound" as activity picks up into the spring.
Although there have been in periods of weak freight rates, Eagle Bulk Shipping has had the flexibility to return cash to shareholders, Lewis noted.
* From here: The Baltic Dry Exchange Index measures the cost of shipping goods worldwide.
You can dive deeper into what analysts are saying on the Eagle Bulk Shipping stock forecast page.
Last year, EGLE earnings were $198.14M. In the last four year, EGLE's earnings have grown by 86.86% per year. This was faster than the Marine Shipping industry average of 39.33%.
Last year, EGLE revenue was $640.65M. In the last 5 year, EGLE's revenue has increased by 18.84% per year. This was faster than the Marine Shipping industry average of 16.48%.
Dig into EGLE's earnings and revenue performance here.
Over the last year, executives and large shareholders at EGLE have sold more shares than they have bought.
Justin A. Knowles, Director of EGLE, was the latest EGLE insider to buy. They bought $80,359.00 worth of EGLE stock on Mar 21, 2023.
Get more info about who owns EGLE stock here.
Eagle Bulk Shipping pays a dividend of 11.58%, compared to the Marine Shipping industry's average dividend yield of 18.39%. If you owned $1,000 of EGLE stock, you would have been paid $115.76 last year.
Eagle Bulk Shipping dividend payments have not consistently grown over the past decade and have not remained stable.
Find more data about Eagle Bulk Shipping dividend yield and history here.
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