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NASDAQ:PANL

Pangaea Logistics Solutions - PANL Stock Forecast, Price & News

$5.52
+0.04 (+0.73%)
(As of 08/12/2022 09:31 AM ET)
Add
Compare
Today's Range
$5.52
$5.52
50-Day Range
$4.38
$6.90
52-Week Range
$3.42
$7.05
Volume
6 shs
Average Volume
238,735 shs
Market Capitalization
$253.98 million
P/E Ratio
2.83
Dividend Yield
5.41%
Price Target
$8.00

Pangaea Logistics Solutions MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
46.0% Upside
$8.00 Price Target
Short Interest
Healthy
4.49% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.65mentions of Pangaea Logistics Solutions in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
26.95%
From $1.67 to $2.12 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.39 out of 5 stars

Transportation Sector

2nd out of 124 stocks

Deep Sea Foreign Transportation Of Freight Industry

1st out of 30 stocks

PANL stock logo

About Pangaea Logistics Solutions (NASDAQ:PANL) Stock

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. As of March 16, 2022, the company owned and operated a fleet of 25 vessels. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners assumed coverage on Pangaea Logistics Solutions in a research note on Wednesday, August 3rd. They set a "buy" rating and a $7.50 price objective on the stock.

Pangaea Logistics Solutions Price Performance

NASDAQ:PANL traded down $0.04 during trading on Thursday, reaching $5.51. The company's stock had a trading volume of 3,446 shares, compared to its average volume of 228,415. The stock has a market capitalization of $253.52 million, a PE ratio of 2.82 and a beta of 0.66. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.81 and a quick ratio of 1.47. The firm has a fifty day moving average of $5.21 and a 200 day moving average of $5.16. Pangaea Logistics Solutions has a one year low of $3.42 and a one year high of $7.05.

Pangaea Logistics Solutions (NASDAQ:PANL - Get Rating) last announced its earnings results on Tuesday, May 10th. The shipping company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.03. The business had revenue of $191.76 million for the quarter, compared to analyst estimates of $192.85 million. Pangaea Logistics Solutions had a return on equity of 30.32% and a net margin of 10.46%. During the same period in the prior year, the company earned $0.09 EPS. Analysts expect that Pangaea Logistics Solutions will post 1.67 EPS for the current fiscal year.

Pangaea Logistics Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.30 dividend on an annualized basis and a yield of 5.44%. Pangaea Logistics Solutions's dividend payout ratio is currently 15.38%.

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PANL Stock News Headlines

Pangaea Logistics Solutions Ltd. Reports Climb In Q2 Profit
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PANL Company Calendar

Last Earnings
11/09/2021
Ex-Dividend for 6/15 Dividend
5/31/2022
Dividend Payable
6/15/2022
Today
8/12/2022
Ex-Dividend for 9/15 Dividend
8/31/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Current Symbol
NASDAQ:PANL
Employees
70
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$8.00
High Stock Price Forecast
$8.50
Low Stock Price Forecast
$7.50
Forecasted Upside/Downside
+44.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$67.23 million
Pretax Margin
11.52%

Debt

Sales & Book Value

Annual Sales
$718.10 million
Cash Flow
$1.90 per share
Book Value
$7.41 per share

Miscellaneous

Free Float
35,659,000
Market Cap
$253.98 million
Optionable
Not Optionable
Beta
0.66














PANL Stock - Frequently Asked Questions

Should I buy or sell Pangaea Logistics Solutions stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pangaea Logistics Solutions in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PANL shares.
View PANL analyst ratings
or view top-rated stocks.

What is Pangaea Logistics Solutions' stock price forecast for 2022?

2 Wall Street research analysts have issued twelve-month target prices for Pangaea Logistics Solutions' stock. Their PANL share price forecasts range from $7.50 to $8.50. On average, they anticipate the company's share price to reach $8.00 in the next twelve months. This suggests a possible upside of 46.0% from the stock's current price.
View analysts price targets for PANL
or view top-rated stocks among Wall Street analysts.

How have PANL shares performed in 2022?

Pangaea Logistics Solutions' stock was trading at $3.78 at the start of the year. Since then, PANL shares have increased by 45.0% and is now trading at $5.48.
View the best growth stocks for 2022 here
.

Are investors shorting Pangaea Logistics Solutions?

Pangaea Logistics Solutions saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 455,400 shares, an increase of 18.3% from the July 15th total of 385,100 shares. Based on an average daily trading volume, of 379,100 shares, the short-interest ratio is presently 1.2 days. Approximately 4.5% of the company's shares are sold short.
View Pangaea Logistics Solutions' Short Interest
.

When is Pangaea Logistics Solutions' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our PANL earnings forecast
.

How were Pangaea Logistics Solutions' earnings last quarter?

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) issued its quarterly earnings results on Tuesday, November, 9th. The shipping company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by $0.02. The shipping company had revenue of $213.03 million for the quarter, compared to analyst estimates of $179.05 million. Pangaea Logistics Solutions had a net margin of 10.46% and a trailing twelve-month return on equity of 30.32%. During the same quarter in the prior year, the firm earned $0.19 EPS.

How often does Pangaea Logistics Solutions pay dividends? What is the dividend yield for Pangaea Logistics Solutions?

Pangaea Logistics Solutions announced a quarterly dividend on Tuesday, August 9th. Stockholders of record on Thursday, September 1st will be given a dividend of $0.075 per share on Thursday, September 15th. This represents a $0.30 annualized dividend and a yield of 5.47%. The ex-dividend date is Wednesday, August 31st.
Read our dividend analysis for PANL
.

Is Pangaea Logistics Solutions a good dividend stock?

Pangaea Logistics Solutions (NASDAQ:PANL) pays an annual dividend of $0.30 per share and currently has a dividend yield of 5.41%. 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 15.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PANL will have a dividend payout ratio of 14.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PANL.

What other stocks do shareholders of Pangaea Logistics Solutions own?

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), KemPharm (KMPH) and Occidental Petroleum (OXY).

What is Pangaea Logistics Solutions' stock symbol?

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

Who are Pangaea Logistics Solutions' major shareholders?

Pangaea Logistics Solutions' stock is owned by many different retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (0.28%), Healthcare of Ontario Pension Plan Trust Fund (0.20%), Stratos Wealth Partners LTD. (0.16%), O Shaughnessy Asset Management LLC (0.11%), Bailard Inc. (0.10%) and Annex Advisory Services LLC (0.10%). Insiders that own company stock include Gianni Delsignore, Mark L Filanowski and One Acquisition Holdin Pangaea.
View institutional ownership trends
.

How do I buy shares of Pangaea Logistics Solutions?

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.
Compare Top Brokerages Here.

What is Pangaea Logistics Solutions' stock price today?

One share of PANL stock can currently be purchased for approximately $5.48.

How much money does Pangaea Logistics Solutions make?

Pangaea Logistics Solutions (NASDAQ:PANL) has a market capitalization of $252.11 million and generates $718.10 million in revenue each year. The shipping company earns $67.23 million in net income (profit) each year or $1.95 on an earnings per share basis.

How can I contact Pangaea Logistics Solutions?

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.

This page (NASDAQ:PANL) was last updated on 8/12/2022 by MarketBeat.com Staff

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