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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at

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.

Receive News & Ratings for Genco Shipping & Trading Ltd. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Genco Shipping & Trading Ltd. and related companies with’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>