Genco Shipping & Trading (NYSE:GNK) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Friday, March 2nd.
A number of other equities analysts have also weighed in on GNK. Evercore ISI started coverage on shares of Genco Shipping & Trading in a research report on Monday, November 20th. They set an “outperform” rating and a $15.00 price target on the stock. Jefferies Group started coverage on shares of Genco Shipping & Trading in a research report on Monday, December 18th. They set a “buy” rating and a $20.00 price target on the stock. Zacks Investment Research lowered shares of Genco Shipping & Trading from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Noble Financial started coverage on shares of Genco Shipping & Trading in a report on Friday, January 12th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Morgan Stanley boosted their target price on shares of Genco Shipping & Trading from $13.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $17.43.
Genco Shipping & Trading (NYSE:GNK) traded down $0.12 on Friday, reaching $14.88. 117,556 shares of the company were exchanged, compared to its average volume of 114,692. The firm has a market capitalization of $506.58, a price-to-earnings ratio of -8.81 and a beta of 0.07. Genco Shipping & Trading has a 52-week low of $8.47 and a 52-week high of $16.29. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 0.51.
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Genco Shipping & Trading Company Profile
Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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