Pangaea Logistics Options (NASDAQ:PANL – Get Ranking) was upgraded by analysts at StockNews.com from a “maintain” score to a “purchase” score in a observe issued to buyers on Friday.
Individually, Alliance International Companions began protection on shares of Pangaea Logistics Options in a analysis report on Wednesday, August third. They set a “purchase” score and a $7.50 value goal for the corporate.
Pangaea Logistics Options Buying and selling Up 3.5 %
Shares of Pangaea Logistics Options inventory traded up $0.17 throughout mid-day buying and selling on Friday, hitting $5.07. 124,716 shares of the inventory had been exchanged, in comparison with its common quantity of 306,645. The inventory has a market capitalization of $233.25 million, a price-to-earnings ratio of two.86 and a beta of 0.67. The corporate has a present ratio of 1.97, a fast ratio of 1.53 and a debt-to-equity ratio of 0.81. Pangaea Logistics Options has a twelve month low of $3.42 and a twelve month excessive of $7.05. The corporate has a 50-day easy shifting common of $4.81 and a 200 day easy shifting common of $5.14.
Pangaea Logistics Options (NASDAQ:PANL – Get Ranking) final launched its quarterly earnings knowledge on Tuesday, August ninth. The transport firm reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.27. Pangaea Logistics Options had a web margin of 10.46% and a return on fairness of 29.34%. The corporate had income of $195.54 million through the quarter, in comparison with the consensus estimate of $180.79 million. Analysis analysts forecast that Pangaea Logistics Options will publish 2.05 EPS for the present yr.
Institutional Traders Weigh In On Pangaea Logistics Options
Quite a lot of massive buyers have not too long ago added to or diminished their stakes in PANL. Stratos Wealth Companions LTD. acquired a brand new place in Pangaea Logistics Options within the 1st quarter value $343,000. Koss Olinger Consulting LLC boosted its holdings in Pangaea Logistics Options by 14.3% within the first quarter. Koss Olinger Consulting LLC now owns 52,784 shares of the transport firm’s inventory valued at $293,000 after buying an extra 6,595 shares over the past quarter. JPMorgan Chase & Co. bought a brand new place in Pangaea Logistics Options within the first quarter valued at about $467,000. Skandinaviska Enskilda Banken AB publ acquired a brand new stake in Pangaea Logistics Options through the 1st quarter valued at roughly $556,000. Lastly, Financial institution of New York Mellon Corp bought a brand new stake in Pangaea Logistics Options through the 1st quarter value roughly $69,000. 44.83% of the inventory is owned by institutional buyers and hedge funds.
About Pangaea Logistics Options
(Get Ranking)
Pangaea Logistics Options, Ltd., along with its subsidiaries, gives seaborne dry bulk logistics and transportation providers to industrial clients worldwide. The corporate presents numerous dry bulk cargoes, similar to grains, coal, iron ore, pig iron, scorching briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.
Featured Articles
This on the spot information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
Earlier than you think about Pangaea Logistics Options, you may wish to hear this.
MarketBeat retains monitor of Wall Avenue’s top-rated and finest performing analysis analysts and the shares they suggest to their purchasers each day. MarketBeat has recognized the 5 shares that high analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and Pangaea Logistics Options wasn’t on the record.
Whereas Pangaea Logistics Options at the moment has a “Purchase” score amongst analysts, top-rated analysts imagine these 5 shares are higher buys.
View The 5 Shares Right here
