Somewhat Positive News Coverage Somewhat Unlikely to Impact Eagle Bulk Shipping (EGLE) Stock Price

Media headlines about Eagle Bulk Shipping (NASDAQ:EGLE) have trended somewhat positive on Sunday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eagle Bulk Shipping earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the shipping company an impact score of 45.697330469386 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

A number of research analysts recently issued reports on EGLE shares. Zacks Investment Research upgraded shares of Eagle Bulk Shipping from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Thursday, November 9th. Maxim Group reiterated a “hold” rating and issued a $4.50 price target on shares of Eagle Bulk Shipping in a research note on Thursday, November 2nd. ValuEngine upgraded shares of Eagle Bulk Shipping from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Noble Financial started coverage on shares of Eagle Bulk Shipping in a research note on Friday, January 12th. They issued a “buy” rating and a $6.00 price target for the company. Finally, Deutsche Bank started coverage on shares of Eagle Bulk Shipping in a research note on Thursday. They issued a “buy” rating and a $7.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Eagle Bulk Shipping presently has an average rating of “Hold” and a consensus target price of $6.00.

Eagle Bulk Shipping (EGLE) opened at $5.31 on Friday. Eagle Bulk Shipping has a 12 month low of $4.18 and a 12 month high of $7.19. The company has a quick ratio of 3.75, a current ratio of 4.25 and a debt-to-equity ratio of 0.66. The stock has a market cap of $389.79, a P/E ratio of -1.58 and a beta of 3.36.

Eagle Bulk Shipping (NASDAQ:EGLE) last issued its quarterly earnings results on Thursday, November 2nd. The shipping company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). Eagle Bulk Shipping had a negative return on equity of 10.11% and a negative net margin of 83.12%. equities research analysts forecast that Eagle Bulk Shipping will post -0.42 EPS for the current fiscal year.

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About Eagle Bulk Shipping

Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels.

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