News coverage about Eagle Bulk Shipping (NASDAQ:EGLE) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eagle Bulk Shipping earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the shipping company an impact score of 46.3647759114192 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of Eagle Bulk Shipping (EGLE) opened at 4.60 on Friday. The stock has a 50 day moving average of $4.66 and a 200 day moving average of $4.69. Eagle Bulk Shipping has a 52 week low of $4.06 and a 52 week high of $11.16.

A number of research firms have weighed in on EGLE. Zacks Investment Research downgraded shares of Eagle Bulk Shipping from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Maxim Group set a $5.00 price target on shares of Eagle Bulk Shipping and gave the stock a “hold” rating in a research note on Wednesday, August 30th. ValuEngine upgraded shares of Eagle Bulk Shipping from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, BidaskClub downgraded shares of Eagle Bulk Shipping from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Eagle Bulk Shipping presently has a consensus rating of “Hold” and an average price target of $5.67.

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About Eagle Bulk Shipping

Eagle Bulk Shipping Inc is engaged primarily 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.

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