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Home โบ Stocks โบ Genco Shipping & Trading Limited (GNK) Stock Forecast & Price Prediction United States | NYSE | Industrials | Marine Shipping
$24.31
-0.85 (-3.38%)Did GNK Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Genco is one of their latest high-conviction picks.
Based on our analysis of 2 Wall Street analysts, GNK has a bullish consensus with a median price target of $29.50 (ranging from $28.00 to $30.00). The overall analyst rating is Strong Buy (8.3/10). Currently trading at $24.31, the median forecast implies a 21.3% upside. This outlook is supported by 4 Buy, 2 Hold, and 0 Sell ratings.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for GNK.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Feb 19, 2026 | Alliance Global Partners | C.K. Poe Fratt | Neutral | Downgrade | $N/A |
| Aug 7, 2025 | Jefferies | Buy | Maintains | $N/A | |
| May 8, 2025 | Jefferies | Buy | Maintains | $N/A | |
| Feb 20, 2025 | Jefferies | Buy | Maintains | $N/A | |
| Nov 7, 2024 | Jefferies | Buy | Maintains | $N/A | |
| Oct 23, 2024 | Stifel | Hold | Downgrade | $N/A | |
| Sep 4, 2024 | Deutsche Bank | Buy | Initiates | $N/A | |
| Jul 1, 2024 | Alliance Global Partners | Buy | Maintains | $N/A | |
| May 10, 2024 | B. Riley Securities | Buy | Maintains | $N/A | |
| May 9, 2024 | Jefferies | Buy | Maintains | $N/A | |
| Apr 19, 2024 | Stifel | Buy | Maintains | $N/A | |
| Jan 5, 2024 | BTIG | Neutral | Downgrade | $N/A | |
| Nov 30, 2023 | Jefferies | Buy | Maintains | $N/A | |
| Oct 19, 2023 | Stifel | Buy | Maintains | $N/A | |
| Jul 21, 2023 | BTIG | Buy | Maintains | $N/A | |
| Jul 19, 2023 | Stifel | Buy | Maintains | $N/A | |
| Jun 6, 2023 | Jefferies | Buy | Maintains | $N/A | |
| Apr 25, 2023 | Stifel | Buy | Maintains | $N/A | |
| Feb 23, 2023 | BTIG | Buy | Maintains | $N/A | |
| Feb 23, 2023 | Jefferies | Buy | Reiterates | $N/A |
The following stocks are similar to Genco based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Genco Shipping & Trading Limited has a market capitalization of $1.10B with a P/E ratio of 62.2x. The company generates $385.21M in trailing twelve-month revenue with a 4.4% profit margin.
Revenue growth is +60.6% quarter-over-quarter, while maintaining an operating margin of +13.6% and return on equity of +1.9%.
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Specializes in ocean transportation of drybulk cargoes.
The company owns and operates a modern fleet of dry bulk vessels, including Capesize, Ultramax, and Supramax ships. It generates revenue by chartering its vessels to trading houses, commodities traders, and government entities, facilitating the transportation of essential commodities like iron ore and coal.
Headquartered in New York and founded in 2004, Genco is the largest U.S. headquartered drybulk shipowner, significantly contributing to global supply chains and the movement of industrial raw materials for various sectors.
Industrials
Marine Shipping
1,056
Mr. John C. Wobensmith C.F.A.
United States
2015
Genco Shipping criticized Diana Shipping's $24.80 tender offer as undervaluing its assets and lacking a control premium, claiming it seeks to mislead Genco shareholders.
Diana's undervalued tender offer for Genco raises concerns over fair valuation and control premium, potentially impacting shareholder sentiment and stock price volatility.
Genco Shipping (GNK) is under pressure from activist Diana Shipping after a failed board vote. GNK trades at a low EV/EBITDA of 6.4x, 47% below the sector median, with low debt enhancing safety for investors.
Genco Shipping's low valuation and Diana Shipping's aggressive bid signal potential upside. The board's resistance enhances uncertainty, presenting a tactical entry point for investors.
Genco Shipping & Trading (NYSE:GNK) urges shareholders to vote by today's 11:59 PM ET deadline, supporting its director nominees per proxy advisory firms' recommendations. Voting info at Genco's website.
Genco's push for shareholder votes can impact leadership and strategic direction, influencing future performance and stock value, which is critical for current and potential investors.
Genco Shipping & Trading will hold its Annual Meeting on June 18, 2026. The Board will review a revised proposal from Diana Shipping to maximize shareholder value.
Genco's review of Diana Shipping's proposal signals potential changes in ownership or strategy, impacting share value and market perceptions of Genco's future prospects.
Genco's recent results demonstrate strong support for its Board of Directors and highlight the effective implementation of its comprehensive value strategy.
Strong support for Genco's board suggests confidence in management's strategy, potentially leading to sustained growth and increased shareholder value, which can attract more investment.
Leading proxy advisory firms ISS, Glass Lewis, and Egan-Jones support the reelection of Genco's full board, citing their success in delivering shareholder value amid a strengthening drybulk market.
Support from leading proxy advisory firms for Genco's board signals confidence in management, potentially boosting stock prices and attracting more investor interest amid a strong drybulk market.
Based on our analysis of 2 Wall Street analysts, Genco Shipping & Trading Limited (GNK) has a median price target of $29.50. The highest price target is $30.00 and the lowest is $28.00.
According to current analyst ratings, GNK has 4 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $24.31. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict GNK stock could reach $29.50 in the next 12 months. This represents a 21.3% increase from the current price of $24.31. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company owns and operates a modern fleet of dry bulk vessels, including Capesize, Ultramax, and Supramax ships. It generates revenue by chartering its vessels to trading houses, commodities traders, and government entities, facilitating the transportation of essential commodities like iron ore and coal.
The highest price target for GNK is $30.00 from at , which represents a 23.4% increase from the current price of $24.31.
The lowest price target for GNK is $28.00 from at , which represents a 15.2% increase from the current price of $24.31.
The overall analyst consensus for GNK is bullish. Out of 2 Wall Street analysts, 4 rate it as Buy, 2 as Hold, and 0 as Sell, with a median price target of $29.50.
Stock price projections, including those for Genco Shipping & Trading Limited, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.