Published On: Tue, Sep 6th, 2016

Genco Shipping & Trading Ltd. (GNK) Rating Reiterated by Jefferies Group

Genco Shipping & Trading Ltd. (NYSE:GNK)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Group in a report released on Tuesday.
Several other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Genco Shipping & Trading from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Morgan Stanley reissued a “sell” rating on shares of Genco Shipping & Trading in a research note on Thursday, May 12th. Finally, Seaport Global Securities assumed coverage on Genco Shipping & Trading in a research note on Tuesday, August 2nd. They issued a “neutral” rating and a $6.00 target price for the company.
Genco Shipping & Trading (NYSE:GNK) traded down 1.16% on Tuesday, hitting $4.26. 21,884 shares of the stock were exchanged. The company has a 50-day moving average of $5.14 and a 200 day moving average of $6.05. The firm’s market cap is $31.01 million. Genco Shipping & Trading has a 12 month low of $3.62 and a 12 month high of $54.90.

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Genco Shipping & Trading (NYSE:GNK) last posted its earnings results on Wednesday, August 3rd. The company reported ($5.59) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($6.26) by $0.67. The company had revenue of $31.90 million for the quarter, compared to the consensus estimate of $35.81 million. Equities research analysts expect that Genco Shipping & Trading will post ($24.72) earnings per share for the current fiscal year.

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