Genco Shipping & Trading Ltd. (NYSE:GNK) has been assigned an average broker rating score of 2.77 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation, one has given a hold recommendation and one has assigned a strong buy recommendation to the company. Genco Shipping & Trading’s rating score has declined by 4.5% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 1-year consensus price target of $7.67 for the company and are expecting that the company will post ($5.42) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Genco Shipping & Trading an industry rank of 217 out of 265 based on the ratings given to its competitors.
A number of analysts have issued reports on GNK shares. Jefferies Group reiterated a “buy” rating on shares of Genco Shipping & Trading in a research note on Monday, September 12th. Seaport Global Securities started coverage on shares of Genco Shipping & Trading in a research note on Tuesday, August 2nd. They issued a “neutral” rating and a $6.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Genco Shipping & Trading from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research note on Friday, August 5th.
Shares of Genco Shipping & Trading (NYSE:GNK) opened at 4.58 on Monday. The stock’s 50 day moving average is $4.53 and its 200-day moving average is $5.70. Genco Shipping & Trading has a one year low of $3.62 and a one year high of $37.40. The firm’s market cap is $33.34 million.
Genco Shipping & Trading (NYSE:GNK) last posted its earnings results on Wednesday, August 3rd. The company reported ($5.59) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($6.26) by $0.67. The firm earned $31.90 million during the quarter, compared to analysts’ expectations of $35.81 million. Genco Shipping & Trading had a negative net margin of 204.16% and a negative return on equity of 17.53%. Analysts anticipate that Genco Shipping & Trading will post ($24.72) EPS for the current fiscal year.
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