Zacks: Analysts Set $3.00 Price Target for Euroseas Ltd. (ESEA)

Shares of Euroseas Ltd. (NASDAQ:ESEA) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation. Euroseas’ rating score has improved by 50% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a 12 month consensus price objective of $3.00 for the company, according to Zacks. Zacks has also assigned Euroseas an industry rank of 233 out of 265 based on the ratings given to related companies.

Several brokerages recently weighed in on ESEA. Maxim Group set a $3.00 target price on shares of Euroseas and gave the company a “buy” rating in a report on Monday, November 20th. ValuEngine cut shares of Euroseas from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 14th. Finally, Zacks Investment Research cut shares of Euroseas from a “hold” rating to a “sell” rating in a report on Friday, September 22nd.

A hedge fund recently bought a new stake in Euroseas stock. WealthTrust Axiom LLC acquired a new position in shares of Euroseas Ltd. (NASDAQ:ESEA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 66,700 shares of the shipping company’s stock, valued at approximately $111,000. WealthTrust Axiom LLC owned approximately 0.60% of Euroseas at the end of the most recent quarter. 1.94% of the stock is owned by institutional investors and hedge funds.

Shares of Euroseas (ESEA) remained flat at $$1.80 on Friday. The stock had a trading volume of 80,629 shares, compared to its average volume of 49,203. Euroseas has a 1-year low of $1.13 and a 1-year high of $2.92. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.02.

ILLEGAL ACTIVITY NOTICE: This piece of content was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.com-unik.info/2017/12/17/zacks-analysts-set-3-00-price-target-for-euroseas-ltd-esea.html.

About Euroseas

Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers.

Get a free copy of the Zacks research report on Euroseas (ESEA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Euroseas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euroseas and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit