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Home โบ Stocks โบ Genco Shipping & Trading Limited (GNK) Stock Forecast & Price Prediction United States | NYSE | Industrials | Marine Shipping
$12.83
-0.04 (-0.31%)10 Quality Stocks Worth Considering Now
Researching Genco Shipping (GNK) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
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Based on our analysis of 9 Wall Street analysts, GNK has a bullish consensus with a median price target of $17.00 (ranging from $15.00 to $30.00). The overall analyst rating is Strong Buy (8.4/10). Currently trading at $12.83, the median forecast implies a 32.5% upside. This outlook is supported by 6 Buy, 3 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Liam Burke at B. Riley Securities, projecting a 133.8% upside. Conversely, the most conservative target is provided by Fotis Giannakoulis at Morgan Stanley, suggesting a 16.9% upside.
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 20, 2025 | Jefferies | Omar Nokta | Buy | Maintains | $19.00 |
Nov 7, 2024 | Jefferies | Omar Nokta | Buy | Maintains | $25.00 |
Oct 23, 2024 | Stifel | Benjamin Nolan | Hold | Downgrade | $17.00 |
Sep 4, 2024 | Deutsche Bank | Chris Robertson | Buy | Initiates | $22.00 |
Jul 1, 2024 | Alliance Global Partners | Poe Fratt | Buy | Maintains | $27.00 |
May 10, 2024 | B. Riley Securities | Liam Burke | Buy | Maintains | $30.00 |
May 9, 2024 | Jefferies | Omar Nokta | Buy | Maintains | $27.00 |
Apr 19, 2024 | Stifel | Benjamin Nolan | Buy | Maintains | $23.00 |
Jan 5, 2024 | BTIG | Gregory Lewis | Neutral | Downgrade | $0.00 |
Nov 30, 2023 | Jefferies | Omar Nokta | Buy | Maintains | $20.00 |
Oct 19, 2023 | Stifel | Benjamin Nolan | Buy | Maintains | $22.00 |
Jul 21, 2023 | BTIG | Gregory Lewis | Buy | Maintains | $20.00 |
Jul 19, 2023 | Stifel | Benjamin Nolan | Buy | Maintains | $23.00 |
Jun 6, 2023 | Jefferies | Omar Nokta | Buy | Maintains | $18.00 |
Apr 25, 2023 | Stifel | Benjamin Nolan | Buy | Maintains | $24.00 |
Feb 23, 2023 | Jefferies | Omar Nokta | Buy | Reiterates | $20.00 |
Feb 23, 2023 | BTIG | Buy | Maintains | $0.00 | |
Nov 10, 2022 | BTIG | Buy | Maintains | $0.00 | |
Oct 10, 2022 | B. Riley Securities | Liam Burke | Buy | Maintains | $27.00 |
Sep 30, 2022 | Stifel | Benjamin Nolan | Buy | Initiates | $20.00 |
The following stocks are similar to Genco Shipping 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 $552.89M with a P/E ratio of 7.3x. The company generates $423.02M in trailing twelve-month revenue with a 18.1% profit margin.
Revenue growth is -14.1% quarter-over-quarter, while maintaining an operating margin of +15.0% and return on equity of +8.3%.
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Specializes in maritime shipping of dry bulk goods.
The company operates a diverse fleet of vessels to transport raw materials like iron ore, coal, grain, and steel products across international waters. Genco generates revenue by providing shipping services to commodity traders, producers, and manufacturers, leveraging its fleet's capabilities to meet varying demand in the dry bulk shipping market.
Founded in 2004 and headquartered in New York, Genco plays a vital role in the global transportation and logistics sector, facilitating international trade and linking resource-rich regions with industrial hubs.
Industrials
Marine Shipping
1,037
Mr. John C. Wobensmith C.F.A.
United States
2015
Investors often seek dividend-yielding stocks during market turbulence, as these companies typically have high free cash flows and provide substantial dividend payouts.
Dividend-yielding stocks attract investors during market volatility, indicating stability and consistent returns, which can safeguard portfolios against downturns.
Genco Shipping & Trading Limited (NYSE: GNK) will discuss Q1 2025 results in a conference call on May 8, 2025, at 8:30 a.m. ET, with results released on May 7 after market close.
Genco Shipping's upcoming earnings call and financial results release can influence stock performance, providing insights into company health and market expectations, impacting investor decisions.
Golden Ocean, Diversified Energy, and Saratoga Investment Corp are top Dividend Power stocks with strong cash flow. Analysts forecast net gains of 39.97% to 168.6% for top Dividend Power stocks by March 2026.
High free cash-flow yields indicate stable dividends for Golden Ocean, Diversified Energy, and Saratoga Investment Corp. Potential gains of up to 168.6% by 2026 suggest attractive investment opportunities.
Genco's stock is trading below book value with an over 8% dividend yield. The Baltic Drybulk Index's low affects revenue but offers upside as spot prices may rise.
Genco's undervalued stock and high dividend yield attract interest, while potential revenue recovery from rising spot prices and strategic acquisitions signal growth opportunities.
Genco Shipping & Trading Limited (NYSE:GNK) will hold its Q4 2024 earnings call on February 20, 2025, at 8:30 AM ET, featuring key executives and analysts from various firms.
The Q4 earnings call for Genco Shipping could reveal key financial insights and performance metrics, impacting stock valuation and investor sentiment in the shipping sector.
Genco declared a Q4 2024 dividend of $0.30 per share, marking its 22nd consecutive quarterly dividend.
Genco's 22nd consecutive dividend indicates strong financial stability and commitment to returning value, likely boosting investor confidence and stock attractiveness.
Based on our analysis of 9 Wall Street analysts, Genco Shipping & Trading Limited (GNK) has a median price target of $17.00. The highest price target is $30.00 and the lowest is $15.00.
According to current analyst ratings, GNK has 6 Buy ratings, 3 Hold ratings, and 0 Sell ratings. The stock is currently trading at $12.83. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict GNK stock could reach $17.00 in the next 12 months. This represents a 32.5% increase from the current price of $12.83. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company operates a diverse fleet of vessels to transport raw materials like iron ore, coal, grain, and steel products across international waters. Genco generates revenue by providing shipping services to commodity traders, producers, and manufacturers, leveraging its fleet's capabilities to meet varying demand in the dry bulk shipping market.
The highest price target for GNK is $30.00 from Liam Burke at B. Riley Securities, which represents a 133.8% increase from the current price of $12.83.
The lowest price target for GNK is $15.00 from Fotis Giannakoulis at Morgan Stanley, which represents a 16.9% increase from the current price of $12.83.
The overall analyst consensus for GNK is bullish. Out of 9 Wall Street analysts, 6 rate it as Buy, 3 as Hold, and 0 as Sell, with a median price target of $17.00.
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.