TipRanks

Notifications

Noble Financial Believes Euroseas (ESEA) Still Has Room to Grow

In a report released today, Poe Fratt from Noble Financial maintained a Buy rating on Euroseas (ESEAResearch Report), with a price target of $30.00. The company’s shares closed last Tuesday at $23.00, close to its 52-week high of $26.58.

According to TipRanks.com, Fratt is a top 100 analyst with an average return of 52.7% and a 60.5% success rate. Fratt covers the Industrial Goods sector, focusing on stocks such as Energy Services of America, Grindrod Shipping Holdings, and Great Lakes Dredge & Dock.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Euroseas with a $34.00 average price target.

See today’s analyst top recommended stocks >>

Based on Euroseas’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $18.29 million and net profit of $7.95 million. In comparison, last year the company earned revenue of $13.51 million and had a net profit of $1.29 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Euroseas Ltd. is a holding company, which engages in the provision of ocean-going transportation services. It operates containerships that transport dry and refrigerated containerized cargoes, mainly including manufactured products, and perishables. The firm also owns drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. The company was founded on May 5, 2005 and is headquartered in Athens, Greece.

Read More on ESEA:

Tags: