Genco Shipping & Trading Limited (GNK)
NYSE: GNK · Real-Time Price · USD
17.14
-0.06 (-0.35%)
Nov 20, 2024, 4:00 PM EST - Market closed
Genco Shipping & Trading Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for GNK stock have an average target of 24.2, with a low estimate of 17 and a high estimate of 30. The average target predicts an increase of 41.19% from the current stock price of 17.14.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for GNK stock from 6 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 4 | 5 | 4 | 4 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 5 | 5 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Maintains $25 | Strong Buy | Maintains | $25 | +45.86% | Nov 7, 2024 |
| Stifel | Stifel | Strong Buy → Hold Downgrades $26 → $17 | Strong Buy → Hold | Downgrades | $26 → $17 | -0.82% | Oct 23, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy Initiates $22 | Strong Buy | Initiates | $22 | +28.35% | Sep 4, 2024 |
| Alliance Global Partners | Alliance Global Partners | Strong Buy Maintains $25 → $27 | Strong Buy | Maintains | $25 → $27 | +57.53% | Jul 1, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $27 → $30 | Strong Buy | Maintains | $27 → $30 | +75.03% | May 10, 2024 |
Financial Forecast
Revenue This Year
442.32M
from 383.83M
Increased by 15.24%
Revenue Next Year
412.72M
from 442.32M
Decreased by -6.69%
EPS This Year
1.88
from -0.30
EPS Next Year
1.73
from 1.88
Decreased by -7.73%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 478.8M | 446.3M | 469.3M | |
| Avg | 442.3M | 412.7M | 419.5M | |
| Low | 414.2M | 384.6M | 378.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 24.7% | 0.9% | 13.7% | |
| Avg | 15.2% | -6.7% | 1.6% | |
| Low | 7.9% | -13.0% | -8.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.08 | 2.97 | 3.03 | |
| Avg | 1.88 | 1.73 | 2.18 | |
| Low | 1.71 | 0.58 | 1.34 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | 58.2% | 75.1% | |
| Avg | - | -7.7% | 25.9% | |
| Low | - | -69.2% | -22.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.