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DOW   33,949.01
QQQ   304.37
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S&P 500   4,117.86
DOW   33,949.01
QQQ   304.37
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Don’t Let The Markets Break Your Heart (Ad)pixel
CVS Health Corporation Is Coiled And Ready To Spring Higher 
Double Meat: Beyond Meat Could Be 2023’s Next Two-Bagger
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Pangaea Logistics Solutions - PANL Stock Forecast, Price & News

$6.12
+0.10 (+1.66%)
(As of 02/8/2023 12:00 AM ET)
Add
Compare
Today's Range
$6.00
$6.30
50-Day Range
$4.88
$6.12
52-Week Range
$4.23
$7.05
Volume
310,071 shs
Average Volume
198,772 shs
Market Capitalization
$281.03 million
P/E Ratio
3.46
Dividend Yield
6.66%
Price Target
$7.50

Pangaea Logistics Solutions MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
22.5% Upside
$7.50 Price Target
Short Interest
Healthy
1.01% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.52mentions of Pangaea Logistics Solutions in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-29.95%
From $1.87 to $1.31 Per Share

Overall MarketRank

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

2.81 out of 5 stars

Transportation Sector

9th out of 119 stocks

Deep Sea Foreign Transportation Of Freight Industry

4th out of 29 stocks

PANL stock logo

About Pangaea Logistics Solutions (NASDAQ:PANL) Stock

Pangaea Logistics Solutions Ltd. engages in the provision of seaborne dry bulk logistics and transportation services to industrial customers worldwide. The firm services customers that require transportation of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The company was founded by Edward Coll, Carl Claus Boggild, and Anthony Laura on April 29, 2014 and is headquartered in Newport, RI.

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PANL Stock News Headlines

PANL Pangaea Logistics Solutions, Ltd.
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/C O R R E C T I O N -- Pangaea Logistics Solutions Ltd./
Free Stock Analysis Report: Get Buy, Sell, or Hold Recommendation
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Pangaea Logistics Solutions Ltd. Q3 Profit Decreases, misses estimates
Pangaea Logistics (PANL) Upgraded to Buy: Here's Why
See More Headlines
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PANL Company Calendar

Last Earnings
11/10/2022
Ex-Dividend for 12/15 Dividend
11/30/2022
Dividend Payable
12/15/2022
Today
2/08/2023
Next Earnings (Estimated)
3/15/2023
Fiscal Year End
12/31/2023

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
$7.50
High Stock Price Forecast
$7.50
Low Stock Price Forecast
$7.50
Forecasted Upside/Downside
+22.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$67.23 million
Pretax Margin
10.82%

Debt

Sales & Book Value

Annual Sales
$718.10 million
Cash Flow
$1.95 per share
Book Value
$6.59 per share

Miscellaneous

Free Float
35,595,000
Market Cap
$281.03 million
Optionable
Not Optionable
Beta
0.72

Key Executives

  • Mark Lewis Filanowski
    Chief Executive Officer & Director
  • Mads Rosenberg Boye Petersen
    Chief Operating Officer
  • Gianni Del Signore
    Chief Financial Officer
  • Brent Mahana
    Vice President-Business Development













PANL Stock - Frequently Asked Questions

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

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pangaea Logistics Solutions in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research 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 2023?

1 brokerages have issued 1-year target prices 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 twelve months. This suggests a possible upside of 22.5% 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 2023?

Pangaea Logistics Solutions' stock was trading at $5.15 at the start of the year. Since then, PANL shares have increased by 18.8% and is now trading at $6.12.
View the best growth stocks for 2023 here
.

When is Pangaea Logistics Solutions' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 15th 2023.
View our PANL earnings forecast
.

How were Pangaea Logistics Solutions' earnings last quarter?

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) posted its earnings results on Thursday, November, 10th. The shipping company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The shipping company had revenue of $184.48 million for the quarter, compared to analysts' expectations of $180.92 million. Pangaea Logistics Solutions had a trailing twelve-month return on equity of 28.20% and a net margin of 9.81%.

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 Wednesday, November 9th. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.10 per share on Thursday, December 15th. This represents a $0.40 annualized dividend and a yield of 6.54%. The ex-dividend date is Wednesday, November 30th. This is an increase from the stock's previous quarterly dividend of $0.08.
Read our dividend analysis for PANL
.

Is Pangaea Logistics Solutions a good dividend stock?

Pangaea Logistics Solutions (NASDAQ:PANL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 6.66%. 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 30.53% 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 a number of institutional and retail investors. Top institutional investors include LSV Asset Management (0.21%), Ritholtz Wealth Management (0.11%), SG Americas Securities LLC (0.07%), WealthTrust Axiom LLC (0.06%), Raymond James & Associates (0.04%) and Simplex Trading LLC (0.00%).
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 $6.12.

How much money does Pangaea Logistics Solutions make?

Pangaea Logistics Solutions (NASDAQ:PANL) has a market capitalization of $281.03 million and generates $718.10 million in revenue each year. The shipping company earns $67.23 million in net income (profit) each year or $1.77 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 2/9/2023 by MarketBeat.com Staff