EAGLE BULK SHIPPING INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Eagle Bulk Shipping Inc. - EGLE
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 26 2024
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Source: PRnewswire
Analyst Views on EGLE
Wall Street analysts forecast EGLE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EGLE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 29.308
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Current: 29.308
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About EGLE
Eagle Bulk Shipping Inc. is a fully integrated shipowner-operator. The Company provides global transportation solutions to a diverse group of customers, including miners, producers, traders and end users. The Company focuses on the versatile midsize dry bulk vessel segment and owns fleets of Supramax/Ultramax vessels in the world. Typical cargoes it transports include both bulk cargoes, such as iron ore, coal and grain, and minor bulk cargoes, such as fertilizer, steel products, petcoke and cement. It owns and operates a modern fleet of approximately 52 Supramax/Ultramax vessels, with an aggregate carrying capacity of 3.16 million deadweight tons (dwt) and an average age of 10 years. In addition to its owned fleet, the Company charters-in third party vessels on both a short-term and long-term basis. Its vessels include Antwerp Eagle, Bittern, Canary, Cape Town Eagle, Copenhagen Eagle, Crowned Eagle, Gibraltar Eagle, Greenwich Eagle and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
