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Enter Symbol:
 
Eagle Bulk Shipping Inc. (EGLE) [hlAlert]

Rating:
Neutral EGLE
down 24.51 %

Eagle Bulk Shipping Inc. (EGLE) upgraded to Neutral by Global Hunter Securities

Posted on: Wednesday,  Sep 4, 2013  10:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Neutral Eagle Bulk Shipping Inc. (NASDAQ: EGLE) on 09/04/2013. Previously Global Hunter Securities rated Sell Eagle Bulk Shipping Inc. (NASDAQ:
EGLE) on 04/17/2013., when the stock price was $56.52. Since then, Eagle Bulk Shipping Inc. has gained 32.48% as of 09/04/2013's recent price of $74.88.
If you would have followed the previous Global Hunter Securities's recommendation on EGLE, you would have lost 24.51% of your investment in 140 days.

Eagle Bulk Shipping Inc. is primarily engaged in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels. As of December 31, 2008, Eagle Bulk Shipping Inc. owned and operated a fleet of 23 oceangoing vessels with a combined carrying capacity of 1,184,939 deadweight tons and an average age of approximately six years. As of December 31, 2008, the Company had taken delivery of three Supramax newbuilding vessels and it was also constructing another 24 Supramax vessels. In May 2008, the Company acquired two Supramax vessels, Goldeneye and Redwing.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/4/2013 10:25 AM Hold
None
74.88
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD down  -177.33 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/17/2013 10:25 AM Sell
None
56.52 9.00
5/22/2012 9:25 AM Sell
None
74.16 54.00

(*) Stock Price at the time of the recommendation.
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