Genco Shipping & Trading Limited (GNK)
NYSE: GNK · IEX Real-Time Price · USD
20.33
+0.19 (0.94%)
At close: Mar 28, 2024, 4:00 PM
20.05
-0.28 (-1.38%)
After-hours: Mar 28, 2024, 4:16 PM EDT

Genco Shipping & Trading Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for GNK stock have an average target of 21, with a low estimate of 20 and a high estimate of 22. The average target predicts an increase of 3.30% from the current stock price of 20.33.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $20 $21 $22 $22
Change -1.62% +3.30% +8.21% +8.21%
* Price targets were last updated on Nov 30, 2023.

Analyst Ratings

The average analyst rating for GNK stock from 3 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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 333222
Buy 000000
Hold 000111
Sell 000000
Strong Sell 000000
Total 333333

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
BTIG
BTIG
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Jan 5, 2024
Jefferies
Jefferies
Strong Buy
Maintains
$18$20
Strong Buy Maintains $18$20 -1.62% Nov 30, 2023
Stifel
Stifel
Strong Buy
Maintains
$23$22
Strong Buy Maintains $23$22 +8.21% Oct 19, 2023
BTIG
BTIG
Strong Buy
Maintains
$22$20
Strong Buy Maintains $22$20 -1.62% Jul 21, 2023
Stifel
Stifel
Strong Buy
Maintains
$24$23
Strong Buy Maintains $24$23 +13.13% Jul 19, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
307.32M
from 383.83M
Decreased by -19.93%
Revenue Next Year
306.18M
from 307.32M
Decreased by -0.37%
EPS This Year
2.55
from -0.30
EPS Next Year
2.73
from 2.55
Increased by 7.01%
Year 20192020202120222023202420252026
Revenue
389.50M355.56M547.13M536.93M383.83M307.32M306.18M276.69M
Revenue Growth
5.98%-8.71%53.88%-1.86%-28.52%-19.93%-0.37%-9.63%
EPS
-1.34-5.384.273.70-0.302.552.732.47
EPS Growth
----13.35%--7.01%-9.62%
No. Analysts -----11105
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 372.8M 396.9M 288.8M
Avg 307.3M 306.2M 276.7M
Low 266.6M 231.3M 267.4M

Revenue Growth

Revenue Growth 202420252026
High
-2.9%
29.1%
-5.7%
Avg
-19.9%
-0.4%
-9.6%
Low
-30.6%
-24.7%
-12.7%

EPS Forecast

EPS 202420252026
High 3.86 4.63 3.49
Avg 2.55 2.73 2.47
Low 1.63 0.95 1.73

EPS Growth

EPS Growth 202420252026
High -
81.4%
27.8%
Avg -
7.0%
-9.6%
Low -
-62.8%
-36.5%
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.