Shares of Pangaea Logistics Solutions Ltd (NASDAQ:PANL) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus price objective of $4.55 for the company and are predicting that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also given Pangaea Logistics Solutions an industry rank of 248 out of 265 based on the ratings given to its competitors.
Several analysts recently commented on the stock. ValuEngine upgraded shares of Pangaea Logistics Solutions from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. TheStreet upgraded shares of Pangaea Logistics Solutions from a “d+” rating to a “c-” rating in a report on Monday, November 27th. Finally, Noble Financial initiated coverage on shares of Pangaea Logistics Solutions in a report on Tuesday, December 12th. They set a “buy” rating for the company.
A number of large investors have recently bought and sold shares of PANL. Goldman Sachs Group Inc. increased its holdings in Pangaea Logistics Solutions by 4,998.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 841,372 shares of the shipping company’s stock valued at $3,096,000 after acquiring an additional 824,868 shares in the last quarter. Monashee Investment Management LLC purchased a new position in Pangaea Logistics Solutions during the 4th quarter valued at about $134,000. Renaissance Technologies LLC purchased a new position in Pangaea Logistics Solutions during the 4th quarter valued at about $125,000. Finally, Deutsche Bank AG purchased a new position in Pangaea Logistics Solutions during the 4th quarter valued at about $121,000. Hedge funds and other institutional investors own 28.53% of the company’s stock.
Shares of Pangaea Logistics Solutions (PANL) traded down $0.05 during midday trading on Tuesday, hitting $2.69. 4,704 shares of the company traded hands, compared to its average volume of 49,615. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.31 and a quick ratio of 1.08. Pangaea Logistics Solutions has a 12-month low of $2.13 and a 12-month high of $8.40. The firm has a market capitalization of $122.19, a PE ratio of 33.63 and a beta of 0.41.
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About Pangaea Logistics Solutions
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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