Zacks: Euroseas Ltd. (ESEA) Given Consensus Rating of “Strong Buy” by Brokerages
Shares of Euroseas Ltd. (NASDAQ:ESEA) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus target price of $3.00 for the company, according to Zacks. Zacks has also assigned Euroseas an industry rank of 213 out of 255 based on the ratings given to related companies.
ESEA has been the subject of a number of research analyst reports. ValuEngine raised Euroseas from a “sell” rating to a “hold” rating in a research note on Thursday, May 3rd. Maxim Group reissued a “buy” rating and set a $3.00 price target on shares of Euroseas in a research note on Tuesday, May 8th.
Shares of ESEA stock traded down $0.01 on Monday, reaching $1.57. 25,371 shares of the company’s stock were exchanged, compared to its average volume of 17,015. Euroseas has a 52 week low of $1.39 and a 52 week high of $2.73. The company has a debt-to-equity ratio of 5.09, a current ratio of 0.53 and a quick ratio of 0.49.
Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers.
Further Reading: Book Value Per Share in Stock Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Euroseas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euroseas and related companies with MarketBeat.com's FREE daily email newsletter.