La vendita allo scoperto per Global X Funds Global X S&P 500 U.S. Revenue Leaders ETF dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Global X Funds Global X S&P 500 U.S. Revenue Leaders ETF. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Global X Funds Global X S&P 500 U.S. Revenue Leaders ETF (ARCA:EGLE), Report sulle vendite allo scoperto

Eagle Bulk Shipping

Technology

Financial Services

Healthcare

Consumer Cyclical

Industrials

Consumer Defensive

Other

Real Estate

Communication Services

Utilities

Energy

Basic Materials

Under normal circumstances, the Fund invests at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes (if any), in the securities of the Underlying Index. The Fund's 80 percent investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed.

Microsoft Corp

Amazon.Com Inc

Berkshire Hath-B

Jpmorgan Chase & Co

Eli Lilly & Co

Salesforce Inc

Palantir Techn-A

Oracle Corp

Cisco Systems Inc

Costco Wholesale Corp

Global X S&P 500 US Revenue Leaders ETF

Global X Funds Global X S&P 500 U.S. Revenue Leaders ETF

As global trade patterns change and the onshoring trend gains momentum, Global X has <a href="https://www.benzinga.com/etfs">introduced two new ETFs</a> that directly target investors seeking more exposure to U.S. economy-based businesses. The Global X S&amp;P 500 U.S. Revenue Leaders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGLE#NYSE">EGLE</a>) and the Global X S&amp;P 500 U.S. Market Leaders Top 50 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLAG#NYSE">FLAG</a>) both debuted on April 16, offering targeted access to S&amp;P 500 firms that bring at least half of their revenue from within the United States.
These launches come at a time when geopolitical and economic forces are pushing investors to reevaluate their global exposure in favor of more domestically focused strategies.
Also Read: <a href="https://www.benzinga.com/etfs/new-etfs/25/04/44866215/exclusive-defiance-letting-you-go-2x-long-on-quantum-2x-short-on-ai-straight-from-the-ceo">EXCLUSIVE: Why Defiance Is Letting You Go 2X Long On Quantum, And 2X Short On AI, Straight From The CEO</a>
Scott Helfstein, Global X&#8217;s head of Investment Strategy, <a href="https://www.prnewswire.com/news-releases/global-x-offers-precise-us-equity-exposure-with-launch-of-domestic-focused-funds-302429956.html">says</a> it&#8217;s a good time to take a fresh look at U.S.-centric portfolios, given the changing dynamics in global supply chains, rising tariffs and more investment in U.S. infrastructure and technology.
EGLE
EGLE provides investors with exposure to S&amp;P 500 companies that derive at least 50% of their revenue from domestic sources. The ETF tracks the S&amp;P 500 U.S. Revenue Leaders Index and seeks to offer a diversified sector allocation and steer clear of excessive concentration in a handful of mega-cap names. The fund carries an expense ratio of 0.19%.
The fund&#8217;s construction captures Global X&#8217;s conviction in the long-term health of the American economy, especially in areas supported by policy-driven expenditures and structural economic currents.
FLAG
The FLAG takes it a step further, selecting the top 50 best-performing US companies based on S&amp;P Dow Jones Indices&#8217; proprietary Market Leader Score. This score considers free cash flow margin, return on invested capital, and market share and does not include the Real Estate sector. The index it tracks is the S&amp;P 500 U.S. Revenue Market Leaders 50 Index, and the expense ratio is 0.29%.
Expanding The Core
Both EGLE and FLAG come at a time when U.S. companies are looking inward—whether due to political pressures, shifting supply chains, or rising domestic demand. Global X views these ETFs as part of a larger trend toward aligning portfolios with the underlying strength of the U.S. economy.
EGLE and FLAG are added to Global X&#8217;s worldwide expanding Core ETF family, which now manages around $99 billion in assets. With these new additions, Global X continues to optimize its offering for investors seeking precision, quality and domestic resilience in their exposure to equities.
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/04/44885832/etf-shake-up-unhs-meltdown-meets-llys-moonshot">ETF Shake-Up: UNH&#8217;s Meltdown Meets LLY&#8217;s Moonshot</a></li>
</ul>
Photo: Shutterstock

New ETFs

ETFs

EGLE

FLAG

Global X Doubles Down On Domestic Strength With New ETF Pair

Although U.S. stocks closed higher on Friday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Eagle Bulk Shipping </h3>
<ul>
<li>The Trade: Eagle Bulk Shipping Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/egle#NYSE">EGLE</a>) 10% owner Castor Maritime Inc. <a href="https://www.benzinga.com/quote/EGLE/analyst-ratings"> acquired a total of 169,635 shares </a> an average price of $62.81. To acquire these shares, it cost around $10.65 million.</li>
<li>What&rsquo;s Happening: On April 5, Eagle shareholders approved merger with Star Bulk.</li>
<li>What Eagle Bulk Shipping Does: Eagle Bulk Shipping Inc is a U.S.-based, fully integrated shipowner-operator, providing transportation solutions to miners, producers, traders and end users across the globe.</li>
</ul>
<h3>SentinelOne </h3>
<ul>
<li>The Trade: SentinelOne, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/s#NYSE">S</a>) Director Mark S Peek acquired a total of 10,000 shares at an average price of $22.36. To acquire these shares, it cost around $223,596.</li>
<li>What&rsquo;s Happening: On April 1, JMP Securities analyst Trevor Walsh reiterated SentinelOne with a Market Outperform and maintained a $33 price target.</li>
<li>What SentinelOne Does: SentinelOne is a cloud-based cybersecurity company specializing in endpoint protection. SentinelOne&#39;s primary offering is its Singularity platform that offers a single pane of glass for an enterprise to detect and respond to security threats attacking its IT infrastructure.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Bassett Furniture Industries </h3>
<ul>
<li>The Trade: Bassett Furniture Industries, Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bset#NASDAQ">BSET</a>) Director John Walter McDowell <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 1,000 shares </a> at an average price of $14.67. To acquire these shares, it cost around $14,667.</li>
<li>What&rsquo;s Happening: On April 3, Bassett Furniture posted downbeat quarterly sales.</li>
<li>What Bassett Furniture Industries Does: Bassett Furniture Industries Inc is a manufacturer, marketer, and retailer of home furnishings products in the United States.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38109064/these-3-tech-and-telecom-stocks-with-over-6-dividend-yields-are-recommended-by-wall-stre"> These 3 Tech And Telecom Stocks With Over 6% Dividend Yields Are Recommended By Wall Street&#39;s Most Accurate Analysts </a>

Long Ideas

News

Small Cap

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

BSET

Over $10M Bet On This Industrial Stock? Check Out These 3 Stocks Insiders Are Buying

Under the terms of the Merger Agreement, at the effective time, each share of the Common Stock issued and outstanding immediately prior to the effective time (excluding Common Stock owned by Eagle, Star Bulk, Merger Sub or any of their respective direct or indirect wholly owned subsidiaries) will be cancelled in exchange for the right to receive 2.6211 shares of common stock of Star Bulk, par value $0.01 per share, and any cash payable in respect of fractional shares.

SBLK

Eagle Shareholders Approve Merger With Star Bulk

B. Riley Securities analyst Liam Burke maintains Eagle Bulk Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGLE#NYSE">EGLE</a>) with a Neutral and raises the price target from $52.2 to $63.5.

Price Target

Analyst Ratings

B. Riley Securities Maintains Neutral on Eagle Bulk Shipping, Raises Price Target to $63.5

Eagle Bulk Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGLE#NYSE">EGLE</a>) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $0.71 by 59.15 percent. This is a 50.44 percent decrease over earnings of $2.28 per share from the same period last year. The company reported quarterly sales of $104.59 million which beat the analyst consensus estimate of $92.51 million by 13.06 percent. This is a 30.94 percent decrease over sales of $151.44 million the same period last year.

Earnings

Eagle Bulk Shipping Q4 EPS $1.13 Beats $0.71 Estimate, Sales $104.59M Beat $92.51M Estimate

During the last three months, 4 analysts shared their evaluations of Eagle Bulk Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGLE#NYSE">EGLE</a>), revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $53.55, with a high estimate of $55.00 and a low estimate of $52.00. Highlighting a 15.0% decrease, the current average has fallen from the previous average price target of $63.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1708963218_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A clear picture of Eagle Bulk Shipping's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Omar Nokta</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Hold</td>
<td>$55.00</td>
<td>-</td>
</tr>
<tr>
<td>Benjamin Nolan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$55.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Poe Fratt</td>
<td>Noble Capital Markets</td>
<td>Announces</td>
<td>Market Perform</td>
<td>$52.00</td>
<td>-</td>
</tr>
<tr>
<td>Liam Burke</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$52.20</td>
<td>$72.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Eagle Bulk Shipping. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Eagle Bulk Shipping compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Eagle Bulk Shipping's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
For valuable insights into Eagle Bulk Shipping's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/EGLE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Eagle Bulk Shipping analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Eagle Bulk Shipping's Background</h2>
Eagle Bulk Shipping Inc is a U.S.-based, fully integrated shipowner-operator, providing global transportation solutions to miners, producers, traders and end users. The company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership, charter and operation of drybulk vessels. The company focuses on the versatile midsize drybulk vessel segment. The Company's fleet is comprised of Supramax and Ultramax drybulk carriers.
<h3>Breaking Down Eagle Bulk Shipping's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Eagle Bulk Shipping's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -55.42%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -6.24%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Eagle Bulk Shipping's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -0.85%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Eagle Bulk Shipping's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.44%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Eagle Bulk Shipping's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.85, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About Eagle Bulk Shipping Stock

Alliance Global Partners analyst Poe Fratt downgrades Eagle Bulk Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGLE#NYSE">EGLE</a>) from Buy to Neutral.

Downgrades

Alliance Global Partners Downgrades Eagle Bulk Shipping to Neutral

Jefferies analyst Omar Nokta downgrades Eagle Bulk Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGLE#NYSE">EGLE</a>) from Buy to Hold and announces $55 price target.

Jefferies Downgrades Eagle Bulk Shipping to Hold, Announces $55 Price Target

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Eagle Bulk Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGLE#NYSE">EGLE</a>) in the last three months.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Eagle Bulk Shipping, revealing an average target of $53.55, a high estimate of $55.00, and a low estimate of $52.00. A decline of 15.0% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1706274009_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Eagle Bulk Shipping. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Benjamin Nolan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$55.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Poe Fratt</td>
<td>Noble Capital Markets</td>
<td>Announces</td>
<td>Market Perform</td>
<td>$52.00</td>
<td>-</td>
</tr>
<tr>
<td>Liam Burke</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$52.20</td>
<td>$72.00</td>
</tr>
<tr>
<td>Omar Nokta</td>
<td>Jefferies</td>
<td>Maintains</td>
<td>Buy</td>
<td>$55.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Eagle Bulk Shipping. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Eagle Bulk Shipping compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Eagle Bulk Shipping's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Eagle Bulk Shipping's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/EGLE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Eagle Bulk Shipping analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Eagle Bulk Shipping</h2>
Eagle Bulk Shipping Inc is a U.S.-based, fully integrated shipowner-operator, providing global transportation solutions to miners, producers, traders and end users. The company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership, charter and operation of drybulk vessels. The company focuses on the versatile midsize drybulk vessel segment. The Company's fleet is comprised of Supramax and Ultramax drybulk carriers.
<h3>Eagle Bulk Shipping's Economic Impact: An Analysis</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Negative Revenue Trend: Examining Eagle Bulk Shipping's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -55.42% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Eagle Bulk Shipping's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -6.24%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Eagle Bulk Shipping's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -0.85%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Eagle Bulk Shipping's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.44%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a high debt-to-equity ratio of 0.85, Eagle Bulk Shipping faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings For Eagle Bulk Shipping

Stifel analyst Benjamin Nolan downgrades Eagle Bulk Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGLE#NYSE">EGLE</a>) from Buy to Hold and raises the price target from $54 to $55.

Stifel Downgrades Eagle Bulk Shipping to Hold, Raises Price Target to $55

The Red Sea, a crucial artery for global trade, remains under the shadow of escalating tensions. Recent incidents, including a strike by Iran-backed Houthi rebels Monday on the U.S.-owned Gibraltar Eagle, underscore the growing risks<a href="https://www.benzinga.com/markets/equities/24/01/36614222/stagflation-in-2024-red-sea-crisis-could-trigger-domino-effect-for-global-costs"> in this vital region.</a>
Houthi Strike On Gibraltar Eagle
On Monday, the U.S. Central Command said an anti-ship ballistic missile was fired by Houthi forces on the U.S.-operated dry bulk ship Gibraltar Eagle. There were no reported injuries or significant damage to the ship. 
The vessel, managed by Eagle Bulk Shipping Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGLE#NYSE">EGLE</a>), was hit approximately 100 miles off the Gulf of Aden. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="539" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/15134143/MapChart_Map-2-1024x539.png" alt="" class="wp-image-182126" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/15134143/MapChart_Map-2-1024x539.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/15134143/MapChart_Map-2-300x158.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/15134143/MapChart_Map-2-768x404.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/15134143/MapChart_Map-2-1536x809.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/15134143/MapChart_Map-2.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Image: <a href="https://www.mapchart.net/world.html">MapCharts</a>
This incident followed an earlier failed missile attack by the Houthis that was reportedly detected by U.S. Forces targeting commercial shipping lanes in the Southern Red Sea. The missile crashed on Yemeni land, causing no injuries or damage.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">On Jan. 15 at approximately 4 p.m. (Sanaa time), Iranian-backed Houthi militants fired an anti-ship ballistic missile from Houthi-controlled areas of Yemen and struck the M/V Gibraltar Eagle, a Marshall Islands-flagged, U.S.-owned and operated container ship. The ship has… <a href="https://t.co/gixEMaUiVT">pic.twitter.com/gixEMaUiVT</a>
&mdash; U.S. Central Command (@CENTCOM) <a href="https://twitter.com/CENTCOM/status/1746913313932685597?ref_src=twsrc%5Etfw">January 15, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
2 Takes On Red Sea Tensions
Avi Melamed, a former Israeli intelligence official and regional analyst, views these events as part of Iran&#8217;s broader strategy. 
&#8220;The Houthis are an integral, if not the most integral, component of the Iranian tactic to use its proxies to manipulate the U.S. to pressure Israel to halt its progress in Gaza,&#8221; Melamed said in a note sent to Benzinga. 
These incidents challenge not only Iranian hegemony in the region but also the longstanding strategies and tactics of the regime, he said. 
British Prime Minister Rishi Sunak said the actions of the Houthis have no connection to the Israeli-Gaza conflict. He emphasized the broader implications of inaction, stating that not responding weakens international security and the rule of law and could further harm freedom of navigation and the global economy.
Market Reactions: Oil Steady, Shipping Shares Rise Further
Crude oil experienced a modest downturn on Monday, with WTI falling 0.4% to $72.50. 
Conversely, shares of major European maritime shipping companies like A.P. Moller-Maersk and Hapag-Lloyd AG saw increases of 0.9% and 3%, respectively. 
The uptick in shipping stocks indicates investors are anticipating potential price hikes due to increased risks in the navigation.
The Sonic Shares Global Shipping ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOAT#NYSE">BOAT</a>), which dipped 2.5% last Friday, is not trading on Monday due to the U.S. market closure. The maritime shipping gauge has rallied by16% over the last month.
Read now: <a href="https://www.benzinga.com/economics/macro-economic-events/24/01/36631030/davos-2024-day-1-trumps-shadow-rate-worries-ukraine-crisis-israel-debate-wealth-t">Davos 2024 Day 1: Trump&#8217;s Shadow, Rate Worries, Ukraine Crisis, Israel Debate, Wealth Tax In Spotlight</a>
Photo via Shutterstock.

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Global

BOAT

Red Sea Tensions Escalate: Houthi Assault On US-Owned Gibraltar Eagle Continues To Propel Shipping Stock Rally

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Eagle Bulk Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGLE#NYSE">EGLE</a>) in the last three months.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Eagle Bulk Shipping, presenting an average target of $53.3, a high estimate of $55.00, and a low estimate of $52.00. A 16.72% drop is evident in the current average compared to the previous average price target of $64.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1704470470_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Eagle Bulk Shipping among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Poe Fratt</td>
<td>Noble Capital Markets</td>
<td>Announces</td>
<td>Market Perform</td>
<td>$52.00</td>
<td>-</td>
</tr>
<tr>
<td>Liam Burke</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$52.20</td>
<td>$72.00</td>
</tr>
<tr>
<td>Omar Nokta</td>
<td>Jefferies</td>
<td>Maintains</td>
<td>Buy</td>
<td>$55.00</td>
<td>-</td>
</tr>
<tr>
<td>Benjamin Nolan</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$54.00</td>
<td>$56.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Eagle Bulk Shipping. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Eagle Bulk Shipping compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Eagle Bulk Shipping's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Eagle Bulk Shipping's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/EGLE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Eagle Bulk Shipping analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>About Eagle Bulk Shipping</h2>
Eagle Bulk Shipping Inc is a U.S.-based, fully integrated shipowner-operator, providing global transportation solutions to miners, producers, traders and end users. The company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership, charter and operation of drybulk vessels. The company focuses on the versatile midsize drybulk vessel segment. The Company's fleet is comprised of Supramax and Ultramax drybulk carriers.
<h3>Key Indicators: Eagle Bulk Shipping's Financial Health</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Eagle Bulk Shipping's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -55.42% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Eagle Bulk Shipping's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -6.24%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Eagle Bulk Shipping's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -0.85%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.44%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Eagle Bulk Shipping's debt-to-equity ratio surpasses industry norms, standing at 0.85. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Critical Insights From Eagle Bulk Shipping Analyst Ratings: What You Need To Know

BTIG analyst Gregory Lewis downgrades Eagle Bulk Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGLE#NYSE">EGLE</a>) from Buy to Neutral.

BTIG Downgrades Eagle Bulk Shipping to Neutral

Shares of Johnson Controls International plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jci#NYSE">JCI</a>) moved lower during Tuesday&rsquo;s session following <a href="https://www.benzinga.com/news/earnings/23/12/36196285/building-solutions-provider-johnson-controls-q4-results-fall-short-of-expectations-details">weak quarterly results.</a>
Johnson Controls reported fourth-quarter FY23 sales growth of 2.7% year-on-year to $6.91 billion (+2% organically), missing the consensus of $7.09 billion. Adjusted EPS of $1.05 (+6% Y/Y) below the consensus of $1.09, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Johnson Controls International shares fell 6.2% to $53.05 on Tuesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Aditxt, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adtx#NASDAQ">ADTX</a>) shares jumped 140.5% to $9.14 after the company entered into definitive agreement to acquire Evofem Biosciences.</li>
<li>C4 Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cccc#NASDAQ">CCCC</a>) gained 57.5% to $1.8590 after the company announced a license and research collaboration with Merck to discover and develop degrader-antibody conjugates.</li>
<li>Candel Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cadl#NASDAQ">CADL</a>) shares climbed 48% to $1.24 after the company announced it received FDA Fast Track Designation for CAN-2409 in pancreatic cancer.</li>
<li>Icosavax, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icvx#NASDAQ">ICVX</a>) rose climbed 47.1% to $15.43 after AstraZeneca announced plans to buy Icosavax in a deal valued at up to $1.1 billion. Concurrently, Icosavax released topline interim results for its Phase 2 study of IVX-A12, a combination virus-like particle (VLP) vaccine candidate targeting both respiratory syncytial virus (RSV) and human metapneumovirus (hMPV).</li>
<li>Clean Earth Acquisitions Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clin#NASDAQ">CLIN</a>) gained 41.3% to $6.71. Clean Earth and Alternus Energy announced continuation of business combination close process.</li>
<li>Bruush Oral Care Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brsh#NASDAQ">BRSH</a>) shares rose 24.1% to $0.2022 after gaining over 5% on Monday.</li>
<li>Spectaire Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spec#NASDAQ">SPEC</a>) gained 23.7% to $2.1286. Spectaire announced manufacturing financing agreement to enable mass production.</li>
<li>Gaotu Techedu Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gotu#NYSE">GOTU</a>) rose 18% to $3.4650.</li>
<li>IN8bio, Inc.(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inab#NASDAQ">INAB</a>) gained 17.8% to $1.5080 after the company announced updated data from its Phase 1 investigator-sponsored trial of INB-100 in patients with hematologic malignancies.</li>
<li>Pineapple Financial Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/papl#NYSE">PAPL</a>) rose 13.9% to $2.29.</li>
<li>Intchains Group Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/icg#NYSE">ICG</a>) gained 13.5% to $10.16.</li>
<li>Oil-Dri Corporation of America (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/odc#NYSE">ODC</a>) rose 12.2% to $66.09 following first-quarter results.</li>
<li>Hanryu Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hryu#NASDAQ">HRYU</a>) shares surged 11.2% to $0.70 after jumping 40% on Monday.</li>
<li>CAVA Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cava#NYSE">CAVA</a>) gained 9.8% to $35.68.</li>
<li>Eagle Bulk Shipping Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/egle#NYSE">EGLE</a>) jumped 9.2% to $50.42. Star Bulk and Eagle Bulk Shipping announced plans to combine.</li>
<li>Blue Bird Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blbd#NASDAQ">BLBD</a>) shares rose 9.1% to $23.80 after the company reported better-than-expected financial results for its fourth quarter and increased its FY24 revenue forecast.</li>
<li>Digital Turbine, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apps#NASDAQ">APPS</a>) gained 7.8% to $6.58.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Achieve Life Sciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/achv#NASDAQ">ACHV</a>) shares fell 41.9% to $3.1686. Achieve Life Sciences said NDA Filing timing may be delayed to address FDA feedback on drug product candidate, Cytisinicline. Oppenheimer maintained Achieve Life Sciences with an Outperform and lowered the price target from $21 to $18.</li>
<li>Boqii Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bq#NYSE">BQ</a>) fell 37.7% to $1.3824.</li>
<li>Green Giant Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gge#NASDAQ">GGE</a>) declined 36.7% to $0.0962 as the company announced pricing of public offering.</li>
<li>SRIVARU Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/svmh#NASDAQ">SVMH</a>) fell 30.3% to $0.4999 after jumping 20% on Monday.</li>
<li>Harbor Custom Development, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcdi#NASDAQ">HCDI</a>) fell 26.8% to $0.4975. Harbor Custom Development voluntarily filed for protection under Chapter 11 Bankruptcy.</li>
<li>Assure Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ionm#NASDAQ">IONM</a>) shares fell 26% to $0.32 after climbing over 23% on Monday.</li>
<li>African Agriculture Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aagr#NASDAQ">AAGR</a>) declined 20% to $0.8747.</li>
<li>Adit EdTech Acquisition Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adex#NYSE">ADEX</a>) fell 17.7% to $6.05.</li>
<li>Nogin, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nogn#NASDAQ">NOGN</a>) fell 17.5% to $0.1402.</li>
<li>Bon Natural Life Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bon#NASDAQ">BON</a>) fell 17.1% to $0.4974.</li>
<li>Incannex Healthcare Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ixhl#NASDAQ">IXHL</a>) declined 11.2% to $4.4201.</li>
<li>Hempacco Co., Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hpco#NASDAQ">HPCO</a>) shares fell 11.1% to $0.3598.</li>
<li>Oracle Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/orcl#NYSE">ORCL</a>) fell 10.3% to $103.32. Oracle reported upbeat earnings for its second quarter, while sales missed estimates.</li>
<li>Clean Energy Fuels Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clne#NASDAQ">CLNE</a>) dipped 10.1% to $3.2550.</li>
<li>Clearmind Medicine Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmnd#NASDAQ">CMND</a>) fell 9.1% to $2.7650. Clearmind Medicine filed for mixed shelf of up to $50 million.</li>
<li>Lucid Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lcid#NASDAQ">LCID</a>) shares fell 8.8% to $4.2050. Lucid Group disclosed that CFO Sherry House is resigning to pursue other opportunities.</li>
<li>Arcellx, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aclx#NASDAQ">ACLX</a>) fell 8.7% to $47.79. Needham reiterated Arcellx with a Buy and maintained a $65 price target.</li>
<li>GoPro, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gpro#NASDAQ">GPRO</a>) declined 8.4% to $3.28. Morgan Stanley downgraded GoPro from Equal-Weight to Underweight and lowered the price target from $4 to $3.</li>
<li>SilverBow Resources, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sbow#NYSE">SBOW</a>) dipped 7.7% to $27.65. SilverBow Resources announced the upsize and pricing of a previously announced underwritten public offering of its common by an affiliate of Strategic Value Partners, LLC.</li>
<li>Kinetik Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kntk#NYSE">KNTK</a>) shares fell 3.4% to $33.17. Kinetik reported the pricing of an upsized underwritten secondary offering of 6,500,000 shares of its Class A common stock by Apache Midstream LLC at a price of $31.50 per share.</li>
</ul>
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Now Read This: <a href="https://www.benzinga.com/news/23/12/36196130/dont-miss-these-3-high-yielding-dividend-stocks-in-health-care-sector-from-wall-streets-most-accurat"> Don&#39;t Miss These 3 High-Yielding Dividend Stocks In Health Care Sector From Wall Street&#39;s Most Accurate Analysts</a>
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Why Johnson Controls International Shares Are Trading Lower By Over 6%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>View (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIEW#NASDAQ">VIEW</a>) shares rose 21.7% to $2.43 during Tuesday's regular session. The company's market cap stands at $9.8 million. </li>
<li>Blue Bird (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLBD#NASDAQ">BLBD</a>) stock increased by 18.47% to $25.84. The market value of their outstanding shares is at $831.1 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>JanOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) stock rose 14.36% to $0.63. The market value of their outstanding shares is at $3.1 million. </li>
<li>Castor Maritime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRM#NASDAQ">CTRM</a>) shares increased by 11.53% to $0.41. The market value of their outstanding shares is at $39.6 million. </li>
<li>Eagle Bulk Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGLE#NYSE">EGLE</a>) shares moved upwards by 11.53% to $51.52. The company's market cap stands at $511.7 million. </li>
<li>Laser Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) shares increased by 10.68% to $0.92. The company's market cap stands at $7.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>RBC Bearings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBCP#NYSE">RBCP</a>) stock decreased by 13.8% to $105.83 during Tuesday's regular session. </li>
<li>Micromobility com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCOM#NASDAQ">MCOM</a>) stock fell 13.52% to $0.64. The company's market cap stands at $1.8 million. </li>
<li>Jet AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>) stock fell 12.59% to $2.64. The market value of their outstanding shares is at $23.8 million. </li>
<li>Velo3D (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLD#NYSE">VLD</a>) stock declined by 10.95% to $0.51. The company's market cap stands at $102.4 million. </li>
<li>Satellogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATL#NASDAQ">SATL</a>) stock decreased by 10.37% to $1.99. The company's market cap stands at $182.5 million. </li>
<li>Wheels Up Experience (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UP#NYSE">UP</a>) shares fell 9.49% to $1.57. The market value of their outstanding shares is at $1.0 billion. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Tuesday's Intraday Session

Eagle Bulk Shipping Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/egle#NYSE">EGLE</a>) shares are trading higher Tuesday after the company announced that it will combine with Star Bulk Carriers Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sblk#NASDAQ">SBLK</a>) <a href="https://www.benzinga.com/pressreleases/23/12/g36185828/star-bulk-and-eagle-bulk-shipping-to-combine-creating-a-global-leader-in-dry-bulk-shipping">in an all-stock merger. </a>
What To Know:
Eagle Bulk Shipping and Star Bulk Carriers&nbsp;announced after the market close on Monday&nbsp;that the companies have entered into a definitive agreement to combine in an all-stock merger.
Under the terms of the agreement, Eagle shareholders will receive 2.6211 shares of Star Bulk common stock for each share of Eagle common stock owned, representing a total consideration of approximately $52.60 per share.
Gary Vogel, Eagle Bulk Shipping CEO, said, &quot;We are very excited to be joining forces with Star Bulk, uniting two best-in-class companies, both commercially and operationally.&quot;
&quot;We are bringing together two highly complementary organizations and are confident that this accretive merger with Star Bulk will unlock significant value for Eagle shareholders, including the opportunity to participate in the long-term upside of the combined company.&quot;
Noble Capital Markets analyst Poe Fratt <a href="https://www.benzinga.com/quote/EGLE/analyst-ratings">downgraded</a> Eagle Bulk Shipping from Outperform to Market Perform and announced $52 price target on Tuesday, and B. Riley Securities analyst Liam Burke downgraded Eagle Bulk Shipping from Buy to Neutral and lowered the price target from $72 to $52.20.
Related News: <a href="https://www.benzinga.com/news/23/12/36179029/whats-going-on-with-ozempic-maker-novo-nordisk-stock">What&#39;s Going On With Ozempic-Maker Novo Nordisk Stock?</a>
EGLE Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Eagle Bulk Shipping shares are up by more than 9% at $50.48 at the time of publication.
Image:&nbsp;Franz Bachinger from Pixabay

What's Going On With Eagle Bulk Shipping Stock?

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Eagle Bulk Shipping shares are trading higher after the company and Star Bulk announced the companies have entered into a definitive agreement to combine in an all-stock merger.

U.S. stocks traded higher, with the Dow Jones index gaining around 50 points on Tuesday.
Shares of Blue Bird Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blbd#NASDAQ">BLBD</a>) shares rose sharply during Tuesday&rsquo;s session after the company reported better-than-expected financial results for its fourth quarter and increased its FY24 revenue forecast.
Blue Bird reported quarterly earnings of 66 cents per share, exceeding the analyst expectations of 48 cents. Revenue clocked in at $302.96 million which beat the analyst consensus estimate of $290.11 million.
Blue Bird shares gained 9.1% to $23.80 on Tuesday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Icosavax, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icvx#NASDAQ">ICVX</a>) rose jumped 47.1% to $15.43 after AstraZeneca announced plans to buy Icosavax in a deal valued at up to $1.1 billion. Concurrently, Icosavax released topline interim results for its Phase 2 study of IVX-A12, a combination virus-like particle (VLP) vaccine candidate targeting both respiratory syncytial virus (RSV) and human metapneumovirus (hMPV).</li>
<li>Gaotu Techedu Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gotu#NYSE">GOTU</a>) gained 18% to $3.4650.</li>
<li>Intchains Group Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/icg#NYSE">ICG</a>) rose 13.5% to $10.16.</li>
<li>Oil-Dri Corporation of America (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/odc#NYSE">ODC</a>) jumped 12.2% to $66.09 following first-quarter results.</li>
<li>Bitfarms Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bitf#NASDAQ">BITF</a>) gained 9.9% to $2.4950.</li>
<li>CAVA Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cava#NYSE">CAVA</a>) rose 9.8% to $35.68.</li>
<li>Cassava Sciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sava#NASDAQ">SAVA</a>) gained 9.4% to $30.32.</li>
<li>Eagle Bulk Shipping Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/egle#NYSE">EGLE</a>) climbed 9.2% to $50.42. Star Bulk and Eagle Bulk Shipping announced plans to combine.</li>
<li>Innoviz Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/invz#NASDAQ">INVZ</a>) rose 8.6% to $2.49.</li>
<li>MorphoSys AG (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mor#NASDAQ">MOR</a>) surged 8.6% to $9.59. MorphoSys recently announced results from the Phase 3 MANIFEST-2 study investigating pelabresib in combination with the JAK inhibitor ruxolitinib in JAK inhibitor-na&iuml;ve patients with myelofibrosis.</li>
<li>Digital Turbine, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apps#NASDAQ">APPS</a>) rose 7.8% to $6.58.</li>
<li>Disc Medicine, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iron#NASDAQ">IRON</a>) gained 7.8% to $65.84. Disc presented updated results from Phase 2 BEACON study of bitopertin and other programs at the 65th ASH Annual Meeting.</li>
<li>BRP Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brp#NASDAQ">BRP</a>) rose 7% to $20.74. Raymond James upgraded BRP Group from Outperform to Strong Buy and announced a $30 price target.</li>
<li>MoneyLion Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ml#NYSE">ML</a>) gained 6.4% to $44.41.</li>
</ul>
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Blue Bird Posts Upbeat Results, Joins Oil-Dri Corporation of America, Eagle Bulk Shipping And Other Big Stocks Moving Higher On Tuesday

Noble Capital Markets analyst Poe Fratt downgrades Eagle Bulk Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGLE#NYSE">EGLE</a>) from Outperform to Market Perform and announces $52 price target.

Noble Capital Markets Downgrades Eagle Bulk Shipping to Market Perform, Announces $52 Price Target

B. Riley Securities analyst Liam Burke downgrades Eagle Bulk Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGLE#NYSE">EGLE</a>) from Buy to Neutral and lowers the price target from $72 to $52.2.

B. Riley Securities Downgrades Eagle Bulk Shipping to Neutral, Lowers Price Target to $52.2

Press Releases

Pangaea Logistics Solutions and M.T. Maritime Management Announce Agreement to Combine Fleets of Dry Bulk Vessels in All-Stock Transaction

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