Recent important negative changes in fundamentals have affected Eagle Bulk Shipping Inc (NYSE: EGLE): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Important negative changes in Eagle Bulk Shipping Inc (NYSE: EGLE) investment behavior have recently occurred: the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, EGLE is expected to continue to be a modest Value Builder.
Eagle Bulk Shipping has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Eagle Bulk Shipping has a good Appreciation Score of 77 and a very high Power Rating of 92, and the Highest Value Trend Rating results.
Recent Price Action
Eagle Bulk Shipping Inc (NYSE: EGLE) stock declined modestly by -1.1% on 4/4/24. The stock closed at $62.37. Moreover, this decline was accompanied by exceptionally high trading volume at 409% of normal. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged during the last week.
Be the first to comment