Eagle Bulk Shipping Inc (NYSE: EGLE) stock enjoyed a major increase of 13.0% on 12/12/23. The shares closed at $52.20. Moreover, trading volume in this advance was exceptionally high at 809% of normal. The stock has performed in line with the market over the last nine months and has risen 9.3% during the last week.
Current PriceTarget Research Rating
EGLE’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Eagle Bulk Shipping has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Eagle Bulk Shipping has a neutral Power Rating of 54 but a good Appreciation Score of 77, with the Positive Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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