Hapoalim Securities Gives Hold Rating to Excel Maritime Carriers Ltd (EXM)

By admin | 6 years ago

Excel Maritime Carriers Ltd (NYSE: EXM)‘s stock had its “hold” rating reiterated by investment analysts at Hapoalim Securities in a note issued to investors on Monday.

Excel Maritime Carriers Ltd opened at 1.52 on Monday. Excel Maritime Carriers Ltd has a 52-week low of $1.37 and a 52-week high of $4.15. The company’s market cap is $133.7 million.

Excel Maritime Carriers Ltd last announced its earnings results on Thursday, May 3rd. The company reported ($0.42) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.40) by $0.02. Excel Maritime Carriers Ltd’s revenue was down 34.1% compared to the same quarter last year. On average, analysts predict that Excel Maritime Carriers Ltd will post $-0.34 earnings per share next quarter.

A number of other analysts have also recently weighed in on EXM. Analysts at Zacks reiterated an “underperform” rating on shares of Excel Maritime Carriers Ltd in a research note to investors on Wednesday, March 28th. They now have a $1.75 price target on the stock. Separately, analysts at Imperial Capital initiated coverage on shares of Excel Maritime Carriers Ltd in a research note to investors on Monday, March 26th. They set an “underperform” rating and a $1.14 price target on the stock. Finally, analysts at Jefferies Group (NYSE: JEF) upgraded shares of Excel Maritime Carriers Ltd from an “underperform” rating to a “hold” rating in a research note to investors on Monday, March 19th.

Excel Maritime Carriers Ltd. (Excel) is a provider of worldwide sea borne transportation services for dry bulk cargo, including among others, iron ore, coal and grain, referred to as major bulks, and steel products, fertilizers, cement, bauxite, sugar and scrap metal, referred to as minor bulks.

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