Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Eagle Bulk Shipping Inc (NYSE: EGLE) weakened of late. EGLE’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 12/15/23, Eagle Bulk Shipping Inc (NYSE: EGLE) stock enjoyed a large increase of 3.8%, closing at $54.68. Moreover, this advance was accompanied by exceptionally high trading volume at 239% of normal. Relative to the market the stock has been strong over the last nine months and has risen 24.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, EGLE is expected to be Value Creation neutral.
Eagle Bulk Shipping has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Eagle Bulk Shipping has a neutral Power Rating of 55 and a slightly positive Appreciation Score of 69, and the High Neutral Value Trend Rating results.
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