Pangaea Logistics Solutions (PANL) Rating Increased to Buy at ValuEngine
Pangaea Logistics Solutions (NASDAQ:PANL) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.
Several other analysts also recently commented on the stock. Noble Financial began coverage on shares of Pangaea Logistics Solutions in a report on Tuesday, December 12th. They issued a “buy” rating for the company. TheStreet upgraded shares of Pangaea Logistics Solutions from a “d+” rating to a “c-” rating in a report on Monday, November 27th. Fearnley Fonds began coverage on shares of Pangaea Logistics Solutions in a report on Tuesday, October 10th. They issued a “buy” rating and a $3.60 target price for the company. Finally, Deutsche Bank began coverage on shares of Pangaea Logistics Solutions in a report on Wednesday, August 30th. They issued a “buy” rating and a $111.10 target price for the company. Four analysts have rated the stock with a buy rating, Pangaea Logistics Solutions currently has an average rating of “Buy” and a consensus price target of $57.35.
Pangaea Logistics Solutions (NASDAQ PANL) opened at $4.50 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.08 and a current ratio of 1.31. Pangaea Logistics Solutions has a 1-year low of $2.14 and a 1-year high of $8.40. The firm has a market cap of $197.08, a price-to-earnings ratio of 13.24 and a beta of 0.98.
Pangaea Logistics Solutions (NASDAQ:PANL) last released its quarterly earnings data on Thursday, November 9th. The shipping company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.09. Pangaea Logistics Solutions had a net margin of 1.10% and a return on equity of 6.90%. The firm had revenue of $107.02 million for the quarter. equities analysts forecast that Pangaea Logistics Solutions will post 0.21 EPS for the current year.
In other news, Director Anthony Laura sold 13,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $4.50, for a total value of $58,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 86.15% of the company’s stock.
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Pangaea Logistics Solutions Company Profile
Pangaea Logistics Solutions, Ltd. is a holding company. The Company is a provider of seaborne drybulk transportation services. The Company services a range of industrial customers who require the transportation of a range of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone.
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