Jefferies Group LLC reissued their buy rating on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) in a research report sent to investors on Saturday, July 22nd. They currently have a $20.00 price target on the shipping company’s stock, down from their prior price target of $22.00.
Other equities analysts have also issued reports about the stock. Seaport Global Securities upgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a neutral rating to a buy rating and set a $16.00 price objective for the company in a research report on Wednesday, May 10th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a hold rating to a buy rating and set a $12.00 price objective for the company in a research report on Tuesday, May 9th. Clarkson Capital initiated coverage on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a research report on Tuesday, April 4th. They issued a buy rating and a $17.00 price objective for the company. Morgan Stanley upgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from an underweight rating to an equal weight rating and raised their price objective for the company from $5.00 to $13.00 in a research report on Tuesday, March 28th. Finally, ValuEngine upgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a sell rating to a hold rating in a research report on Friday, July 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a consensus rating of Hold and a consensus price target of $15.20.
Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE GNK) opened at 10.81 on Friday. The firm’s market capitalization is $371.94 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 12 month low of $3.62 and a 12 month high of $14.99. The stock has a 50 day moving average of $9.90 and a 200 day moving average of $10.60.
Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last issued its earnings results on Monday, August 7th. The shipping company reported ($0.36) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.03. The firm had revenue of $45.37 million during the quarter, compared to analyst estimates of $43.91 million. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative net margin of 49.36% and a negative return on equity of 9.10%. On average, equities analysts predict that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will post ($1.65) earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at about $470,000. Raynor Geoffrey raised its stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 20.7% in the first quarter. Raynor Geoffrey now owns 112,796 shares of the shipping company’s stock valued at $1,410,000 after buying an additional 19,323 shares during the last quarter. Q Global Advisors LLC bought a new stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at about $20,469,000. Jane Street Group LLC bought a new stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at about $134,000. Finally, Apollo Management Holdings L.P. raised its stake in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 428.9% in the first quarter. Apollo Management Holdings L.P. now owns 5,415,805 shares of the shipping company’s stock valued at $67,698,000 after buying an additional 4,391,751 shares during the last quarter. Institutional investors and hedge funds own 56.45% of the company’s stock.
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