Streetbeat News

EGLE

Eagle Bulk Shipping Inc

https://www.eagleships.com/

CEO

Gary Vogel

Employees

134

Industry

Deep Sea Freight Transportation

eagle bulk shipping inc. (nasdaq: egle) is a us-based owner and operator of dry bulk vessels, providing its customers with reliable and responsible global transportation services for the carriage of bulk commodities including: coal, grain, iron ore, steel, cement, and forest products, among others.

Open

62.73

Mkt cap

693M

Volume

710K

High

62.85

P/E Ratio

31.95

52-wk high

65.09

Low

61.39

Div yield

0.01

52-wk low

39.15

Eagle Bulk Shipping (NYSE:EGLE) has received mixed analyst ratings over the past three months, with 2 bullish and 2 indifferent ratings. The average 12-month price target is now $53.3, down from $64.00, indicating a 16.72% decrease. Analysts from Noble Capital Markets, B. Riley Securities, Jefferies, and Stifel have provided recent evaluations, with some maintaining and others lowering their price targets. Eagle Bulk Shipping's financial health shows challenges, with a -55.42% revenue decline, below-average net margin, ROE, and ROA, and a high debt-to-equity ratio of 0.85.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 4:01 pm

BTIG analyst Gregory Lewis has downgraded Eagle Bulk Shipping (NYSE:EGLE) from Buy to Neutral, indicating a shift in the firm's outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:15 pm

Johnson Controls International plc (NYSE:JCI) shares dropped over 6% due to weaker-than-expected quarterly results, with sales of $6.91 billion missing the $7.09 billion consensus and adjusted EPS of $1.05 below the $1.09 consensus. Other stocks experienced significant movements, with notable gainers including Aditxt, Inc. (ADTX), C4 Therapeutics, Inc. (CCCC), and Icosavax, Inc. (ICVX), among others. Losers included Achieve Life Sciences, Inc. (ACHV), Harbor Custom Development, Inc. (HCDI), and Oracle Corporation (ORCL), with various reasons such as FDA feedback, bankruptcy filing, and missed sales estimates, respectively.

Portfolio Pulse from Avi Kapoor

December 12, 2023 | 6:22 pm

During Tuesday's intraday session, several industrial stocks experienced significant movements. View, Blue Bird, JanOne, Castor Maritime, and Eagle Bulk Shipping were among the gainers, with View leading at a 21.7% increase. Blue Bird's stock rose after Q4 earnings were released. On the losing side, RBC Bearings, Micromobility com, Jet AI, Velo3D, Satellogic, and Wheels Up Experience saw their stock prices fall, with RBC Bearings experiencing the largest drop of 13.8%.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 5:31 pm

Eagle Bulk Shipping Inc. (NYSE:EGLE) is trading higher after announcing an all-stock merger with Star Bulk Carriers Corp. (NASDAQ:SBLK). Eagle shareholders will receive 2.6211 shares of Star Bulk for each Eagle share, equating to roughly $52.60 per share. Analysts have adjusted their ratings and price targets for Eagle following the news, with Noble Capital Markets downgrading to Market Perform with a $52 target, and B. Riley Securities downgrading to Neutral with a $52.20 target. Eagle's stock price has risen over 9% to $50.48.

Portfolio Pulse from Erica Kollmann

December 12, 2023 | 4:08 pm

Eagle Bulk Shipping (EGLE) and Star Bulk have agreed to an all-stock merger, causing EGLE shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:04 pm

Blue Bird Corporation (BLBD) reported Q4 earnings of 66 cents per share, surpassing expectations of 48 cents, with revenue of $302.96 million beating estimates of $290.11 million. The company also increased its FY24 revenue forecast, causing shares to rise 9.1% to $23.80. Other stocks making significant moves include Icosavax (ICVX) with a 47.1% jump after AstraZeneca's acquisition plans, and Eagle Bulk Shipping (EGLE) rising 9.2% following a merger announcement with Star Bulk. Various companies reported positive financial results or received favorable analyst ratings, contributing to their stock gains.

Portfolio Pulse from Avi Kapoor

December 12, 2023 | 3:13 pm

Noble Capital Markets analyst Poe Fratt has downgraded Eagle Bulk Shipping (NYSE:EGLE) from Outperform to Market Perform, setting a price target of $52.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:47 pm

B. Riley Securities analyst Liam Burke has downgraded Eagle Bulk Shipping (NYSE:EGLE) from Buy to Neutral and reduced the price target from $72 to $52.2.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 2:45 pm

In Tuesday's pre-market session, several industrial stocks showed significant movement. Laser Photonics (LASE) saw a 19.8% increase, while Blue Bird (BLBD) rose by 11.23% following their Q4 earnings report. Eagle Bulk Shipping (EGLE) also gained 9.54%. On the downside, JE Cleantech Hldgs (JCSE) dropped by 7.2%, and Sun Country Airlines (SNCY) fell by 5.09%. Other stocks experienced various degrees of movement as well.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 1:07 pm

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