Univest Starts Pyxis Tankers (PXS) at Buy

October 12, 2021 9:50 AM EDT
Get Alerts PXS Hot Sheet
Price: $0.82 -4.65%

Rating Summary:
    3 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 18 | New: 32
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Univest analyst James Jang initiates coverage on Pyxis Tankers (NASDAQ: PXS) with a Buy rating and a price target of $1.70.

The analyst commented, "We see a number of catalysts in the near-term to enable Pyxis to realize outsized earnings and coupled with the company’s streamlined operations, we expect higher profitability relative to its product tanker peers. In the medium-, and long-term, we believe the increase in scrapping and manageable orderbook to help push asset values/Net Asset Values (NAV) higher."

For an analyst ratings summary and ratings history on Pyxis Tankers click here. For more ratings news on Pyxis Tankers click here.

Shares of Pyxis Tankers closed at $0.85 yesterday.

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