Genco Shipping & Trading Limited (GNK)

Market Cap	573.29M
Revenue (ttm)	447.89M
Net Income (ttm)	83.70M
Shares Out	42.53M
EPS (ttm)	1.95
PE Ratio	6.91
Forward PE	10.94
Dividend	$0.60 (4.45%)
Ex-Dividend Date	Aug 15, 2023

Volume	489,103
Open	13.29
Previous Close	13.27
Day's Range	13.27 - 13.61
52-Week Range	11.92 - 19.84
Beta	1.11
Analysts	Strong Buy
Price Target	22.00 (+63.21%)
Earnings Date	Nov 8, 2023

About GNK

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns and operates dry bulk carrier vessels to transports iron ore, grains, coal, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. The company was incorporated in 2004 and is headquartered in New York, New York.

• Industry: Marine Shipping
• Sector: Industrials
• IPO Date: Jul 22, 2005
• Employees: 1,086
• Stock Exchange: NYSE
• Ticker Symbol: GNK

Financial Performance

In 2022, GNK's revenue was $536.93 million, a decrease of -1.86% compared to the previous year's $547.13 million. Earnings were $158.58 million, a decrease of -12.87%.

Analyst Forecast

According to 4 analysts, the average rating for GNK stock is "Strong Buy." The 12-month stock price forecast is $22.0, which is an increase of 63.21% from the latest price.

Price Target

$22.0

(63.21% upside)

Analyst Consensus: Strong Buy