Market Overview

UPDATE: Deutsche Bank Raises PT to $3 on Eagle Bulk Shipping on Stock Split

Share:
Related EGLE
Eagle Bulk Shipping Plunges 6%, Traders Attribute Decline To This Tweet
Mid-Afternoon Market Update: Eagle Bulk Shipping Falls Following $105 Million Liquidity Raise Announcement; Sky Solar Shares Jump

Deutsche Bank increases its price target on Eagle Bulk Shipping (NASDAQ: EGLE) from $1 to $3 as it reiterates a Hold rating on shares.

Deutsche Bank notes, "In EGLE's May 9 earnings release, the company announced a 4:1 reverse stock split. The stock split will take effect at the open of trading this morning. As a result of the stock split we have lowered our estimated share count to 15,750,821 from 63,003,286."

EGLE closed at $1.01 on Tuesday.

Latest Ratings for EGLE

DateFirmActionFromTo
Nov 2013CitigroupMaintainsSell
Nov 2013JefferiesMaintainsHold
Oct 2013JefferiesMaintainsHold

View More Analyst Ratings for EGLE
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings

 

Related Articles (EGLE)

View Comments and Join the Discussion!