Genco Shipping & Trading Limited (NYSE:GNK – Get Free Report) has been given a consensus recommendation of “Buy” by the six research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $20.75.
Several analysts recently issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $17.00 price objective on shares of Genco Shipping & Trading in a research note on Thursday, May 8th. Dnb Nor Markets raised shares of Genco Shipping & Trading to a “strong-buy” rating in a research note on Thursday, May 1st. Wall Street Zen lowered shares of Genco Shipping & Trading from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Finally, Pareto Securities upgraded shares of Genco Shipping & Trading to a “strong-buy” rating in a report on Monday, March 31st.
Read Our Latest Stock Analysis on GNK
Institutional Trading of Genco Shipping & Trading
Genco Shipping & Trading Trading Up 1.1%
NYSE GNK opened at $14.13 on Friday. The company has a market capitalization of $607.01 million, a PE ratio of 8.07, a P/E/G ratio of 5.64 and a beta of 1.22. The company has a fifty day moving average of $13.24 and a 200 day moving average of $13.89. Genco Shipping & Trading has a 1 year low of $11.20 and a 1 year high of $22.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.09 and a quick ratio of 2.49.
Genco Shipping & Trading (NYSE:GNK – Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The shipping company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.02). The firm had revenue of $41.64 million during the quarter, compared to analyst estimates of $43.49 million. Genco Shipping & Trading had a return on equity of 7.82% and a net margin of 18.06%. The company’s revenue was down 39.3% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS. Research analysts forecast that Genco Shipping & Trading will post 0.48 earnings per share for the current year.
Genco Shipping & Trading Announces Dividend
The company also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 23rd were paid a $0.15 dividend. This represents a dividend yield of 4.28%. The ex-dividend date of this dividend was Thursday, May 22nd. Genco Shipping & Trading’s dividend payout ratio (DPR) is presently 57.69%.
About Genco Shipping & Trading
Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, bauxite, steel products, and other drybulk cargoes. It operates through the Major Bulk and Minor Bulk segments. The Major Bulk segment focuses on Capesize vessels. The Minor Bulk segment consists of Ultramax and Supramax vessels.
Featured Stories
- Five stocks we like better than Genco Shipping & Trading
- What to Know About Investing in Penny Stocks
- IBM Up 10 Days in a Row: What’s Driving the Winning Streak?
- Best Aerospace Stocks Investing
- Upstart Stock’s Bull Case Just Got a Lot Stronger
- What is the Nasdaq? Complete Overview with History
- Higher Gulf Oil Output Puts These Energy Names in Play
Receive News & Ratings for Genco Shipping & Trading Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genco Shipping & Trading and related companies with MarketBeat.com's FREE daily email newsletter.