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Genco Shipping & Trading

GNKNYSE
Logo brought to you by Benzinga Data
$13.74
0.10.73%
At close: -
$13.74
0.000500.00%
After Hours: 4:01 PM EDT
Consensus Rating1
Buy
Highest Price Target1
$30.00
Lowest Price Target1
$17.00
Consensus Price Target1
$25.00

Genco Shipping & Trading (NYSE:GNK) Stock, Analyst Ratings, Price Targets, Forecasts

Genco Shipping & Trading Ltd has a consensus price target of $25 based on the ratings of 7 analysts. The high is $30 issued by B. Riley Securities on May 10, 2024. The low is $17 issued by Stifel on October 23, 2024. The 3 most-recent analyst ratings were released by Jefferies, Stifel, and Deutsche Bank on November 7, 2024, October 23, 2024, and September 4, 2024, respectively. With an average price target of $21.33 between Jefferies, Stifel, and Deutsche Bank, there's an implied 55.26% upside for Genco Shipping & Trading Ltd from these most-recent analyst ratings.

Analyst Trends and Forecast
1
Jul
1
Sep
0
0
0
0
Oct
1
Nov
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.8
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Jefferies
Stifel
Deutsche Bank
Alliance Global Partners
B. Riley Securities

1calculated from analyst ratings

Analyst Ratings for Genco Shipping & Trading

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Genco Shipping & Trading (GNK) stock?

A

The latest price target for Genco Shipping & Trading (NYSE:GNK) was reported by Jefferies on November 7, 2024. The analyst firm set a price target for $25.00 expecting GNK to rise to within 12 months (a possible 81.95% upside). 8 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Genco Shipping & Trading (GNK)?

A

The latest analyst rating for Genco Shipping & Trading (NYSE:GNK) was provided by Jefferies, and Genco Shipping & Trading maintained their buy rating.

Q

When was the last upgrade for Genco Shipping & Trading (GNK)?

A

There is no last upgrade for Genco Shipping & Trading

Q

When was the last downgrade for Genco Shipping & Trading (GNK)?

A

The last downgrade for Genco Shipping & Trading Ltd happened on October 23, 2024 when Stifel changed their price target from $26 to $17 for Genco Shipping & Trading Ltd.

Q

When is the next analyst rating going to be posted or updated for Genco Shipping & Trading (GNK)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Genco Shipping & Trading, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Genco Shipping & Trading was filed on November 7, 2024 so you should expect the next rating to be made available sometime around November 7, 2025.

Q

Is the Analyst Rating Genco Shipping & Trading (GNK) correct?

A

While ratings are subjective and will change, the latest Genco Shipping & Trading (GNK) rating was a maintained with a price target of $25.00 to $25.00. The current price Genco Shipping & Trading (GNK) is trading at is $13.74, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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