Shares of Safe Bulkers, Inc. (NYSE:SB) have been given a consensus recommendation of “Hold” by the ten research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $3.29.
A number of brokerages recently commented on SB. Zacks Investment Research raised shares of Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research report on Thursday, January 25th. Jefferies Group reaffirmed a “hold” rating on shares of Safe Bulkers in a research report on Friday, November 3rd. ValuEngine downgraded shares of Safe Bulkers from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Maxim Group set a $5.00 price objective on shares of Safe Bulkers and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus set a $2.00 price objective on shares of Safe Bulkers and gave the company a “hold” rating in a research report on Saturday, October 21st.
Safe Bulkers (NYSE SB) opened at $3.27 on Wednesday. Safe Bulkers has a 1 year low of $1.23 and a 1 year high of $3.84. The company has a market cap of $321.84, a P/E ratio of -17.21 and a beta of 2.14. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.00.
About Safe Bulkers
Safe Bulkers, Inc is a holding company. The Company’s principal business is the acquisition, ownership and operation of drybulk vessels. The Company’s vessels operate across the world, carrying drybulk cargo for the consumers of marine drybulk transportation services. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along shipping routes across the world.
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