Genco Shipping & Trading Limited (GNK)
NYSE: GNK · IEX Real-Time Price · USD
20.24
-0.20 (-0.98%)
At close: Jul 19, 2024, 4:00 PM
50.00
+29.76 (147.04%)
After-hours: Jul 20, 2024, 1:23 PM EDT
Genco Shipping & Trading Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for GNK stock have an average target of 26.75, with a low estimate of 23 and a high estimate of 30. The average target predicts an increase of 32.16% from the current stock price of 20.24.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for GNK stock from 5 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 4 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 4 | 4 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Alliance Global Partners | Alliance Global Partners | Strong Buy Maintains $25 → $27 | Strong Buy | Maintains | $25 → $27 | +33.40% | Jul 1, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $27 → $30 | Strong Buy | Maintains | $27 → $30 | +48.22% | May 10, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $26 → $27 | Strong Buy | Maintains | $26 → $27 | +33.40% | May 9, 2024 |
| Stifel | Stifel | Strong Buy Maintains $22 → $23 | Strong Buy | Maintains | $22 → $23 | +13.64% | Apr 19, 2024 |
| BTIG | BTIG | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Jan 5, 2024 |
Financial Forecast
Revenue This Year
402.20M
from 383.83M
Increased by 4.79%
Revenue Next Year
394.09M
from 402.20M
Decreased by -2.02%
EPS This Year
2.17
from -0.30
EPS Next Year
2.38
from 2.17
Increased by 9.46%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 521.9M | 525.0M | 441.0M | 243.6M |
| Avg | 402.2M | 394.1M | 350.7M | 234.3M |
| Low | 290.1M | 230.3M | 304.8M | 227.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 36.0% | 30.5% | 11.9% | -30.5% |
| Avg | 4.8% | -2.0% | -11.0% | -33.2% |
| Low | -24.4% | -42.7% | -22.7% | -35.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.89 | 4.00 | 3.22 | 1.11 |
| Avg | 2.17 | 2.38 | 2.47 | 1.07 |
| Low | 1.59 | 0.91 | 1.65 | 1.04 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | 84.3% | 35.3% | -54.9% |
| Avg | - | 9.5% | 3.8% | -56.6% |
| Low | - | -58.0% | -30.7% | -57.9% |
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.