Pangaea Logistics Solutions - PANL Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pangaea Logistics Solutions in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PANL shares.
View PANL analyst ratings or view top-rated stocks.

1 brokers have issued 1-year price targets for Pangaea Logistics Solutions' stock. Their PANL share price forecasts range from $7.50 to $7.50. On average, they anticipate the company's stock price to reach $7.50 in the next year. This suggests a possible upside of 27.8% from the stock's current price.
View analysts price targets for PANL or view top-rated stocks among Wall Street analysts.

Pangaea Logistics Solutions' stock was trading at $5.15 at the start of the year. Since then, PANL shares have increased by 14.0% and is now trading at $5.87.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our PANL earnings forecast.

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) posted its quarterly earnings results on Tuesday, November, 9th. The shipping company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.50 by $0.02. The shipping company earned $213.03 million during the quarter, compared to analysts' expectations of $179.05 million. Pangaea Logistics Solutions had a trailing twelve-month return on equity of 23.75% and a net margin of 11.36%. During the same quarter in the previous year, the company earned $0.19 EPS.

Pangaea Logistics Solutions declared a quarterly dividend on Wednesday, February 15th. Investors of record on Wednesday, March 1st will be given a dividend of $0.10 per share on Wednesday, March 15th. This represents a $0.40 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date of this dividend is Tuesday, February 28th.
Read our dividend analysis for PANL.

First Trust Dow Jones Select Microcap Index Fund holds 85,795 shares of PANL stock, representing 0.39% of its portfolio.

Pangaea Logistics Solutions (NASDAQ:PANL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 7.01%. PANL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PANL will have a dividend payout ratio of 33.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PANL.

Based on aggregate information from My MarketBeat watchlists, some companies that other Pangaea Logistics Solutions investors own include Enterprise Products Partners (EPD), Philip Morris International (PM), Ventas (VTR), AcelRx Pharmaceuticals (ACRX), Allena Pharmaceuticals (ALNA), Amarin (AMRN), Abraxas Petroleum (AXAS), Kimco Realty (KIM), Zevra Therapeutics (KMPH) and Occidental Petroleum (OXY).

Pangaea Logistics Solutions trades on the NASDAQ under the ticker symbol "PANL."

Shares of PANL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PANL stock can currently be purchased for approximately $5.87.

Pangaea Logistics Solutions (NASDAQ:PANL) has a market capitalization of $272.84 million and generates $699.71 million in revenue each year. The shipping company earns $79.49 million in net income (profit) each year or $1.77 on an earnings per share basis.

Pangaea Logistics Solutions' mailing address is 109 LONG WHARF, NEWPORT RI, 02840. The official website for the company is www.pangaeals.com. The shipping company can be reached via phone at (401) 846-7790, via email at trozycki@prosek.com, or via fax at 401-846-1520.