Jefferies Lifts PT on Eagle Bulk Shipping (EGLE) Post Q4
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Price: $32.85 -0.21%
Rating Summary:
4 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies raised its price target on Eagle Bulk Shipping (NASDAQ: EGLE) from $2.50 to $3.50 following Q4 results but maintained a Hold rating.
"Eagle Bulk reported a 4Q12 EPS loss of $1.92 which was modestly better than both Street consensus of an EPS loss of $1.93 and our estimate of an EPS loss of $2.27 primarily due to better than expected charter rates earned during the quarter and lower than expected G&A expenses incurred during the quarter," the analyst comments.
The firm cut Q1 EPS from ($2.39) to ($2.41) but raised FY 2013 EPS from ($8.69) to ($8.65) and FY 2014 EPS estiamtes from ($4.38) to ($4.37).
For an analyst ratings summary and ratings history on Eagle Bulk Shipping click here. For more ratings news on Eagle Bulk Shipping click here.
Shares of Eagle Bulk Shipping closed at $3.31 yesterday.
"Eagle Bulk reported a 4Q12 EPS loss of $1.92 which was modestly better than both Street consensus of an EPS loss of $1.93 and our estimate of an EPS loss of $2.27 primarily due to better than expected charter rates earned during the quarter and lower than expected G&A expenses incurred during the quarter," the analyst comments.
The firm cut Q1 EPS from ($2.39) to ($2.41) but raised FY 2013 EPS from ($8.69) to ($8.65) and FY 2014 EPS estiamtes from ($4.38) to ($4.37).
For an analyst ratings summary and ratings history on Eagle Bulk Shipping click here. For more ratings news on Eagle Bulk Shipping click here.
Shares of Eagle Bulk Shipping closed at $3.31 yesterday.
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