Analysts Set $12.50 Price Target for EuroDry Ltd (EDRY)

EuroDry Ltd (NASDAQ:EDRY) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokerages have set a one year consensus target price of $12.50 for the company and are anticipating that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also assigned EuroDry an industry rank of 118 out of 257 based on the ratings given to its competitors.

Separately, Maxim Group reiterated a “buy” rating and issued a $13.00 target price on shares of EuroDry in a report on Wednesday, October 17th.

NASDAQ EDRY opened at $10.15 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.50 and a quick ratio of 0.45. EuroDry has a 12 month low of $4.89 and a 12 month high of $14.50.

EuroDry (NASDAQ:EDRY) last released its earnings results on Thursday, August 9th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.10. The business had revenue of $6.12 million during the quarter, compared to the consensus estimate of $5.66 million. On average, equities analysts predict that EuroDry will post 0.42 earnings per share for the current year.

About EuroDry

EuroDry Ltd. operates independently of Euroseas Ltd. as of May 31, 2018.

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