Eagle Bulk Shareholders Approve Merger With Star Bulk

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Apr 05 2024

0mins

EGLE+0.45%

Should l Buy EGLE?

Source: NASDAQ.COM

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EGLE

$28.8337+Infinity%1D

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.

0 Analyst Rating

0 Buy

0 Hold

0 Sell

Current: 28.706

Low

Averages

High

Current: 28.706

Low

Averages

High

Jefferies

Omar Nokta

Strong Buy

Maintains

$22 → $21

2025-02-19

Reason

Jefferies

Omar Nokta

Price Target

$22 → $21

AI Analysis

2025-02-19

Maintains

Strong Buy

Reason

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.

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Pangaea Logistics Solutions and M.T. Maritime Management Announce Agreement to Combine Fleets of Dry Bulk Vessels in All-Stock Transaction

Sep 23 2024Newsfilter

Merger Announcement: Pangaea Logistics Solutions Ltd. has entered into a definitive agreement to merge with M.T. Maritime Management, acquiring fifteen handy-size dry bulk vessels valued at approximately $295 million, which will expand Pangaea's fleet by nearly 60% to a total of 41 vessels.
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Star Bulk Carriers Corp. Reports Net Profit of $74.9 Million for the First Quarter of 2024, and Declares Quarterly Dividend of $0.75 Per Share

May 22 2024newsfilter

Eagle Shareholders Approve Merger With Star Bulk

Apr 05 2024newsfilter