Shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) have been given an average broker rating score of 1.50 (Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a strong buy recommendation to the company. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021’s rating score has improved by 25% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Brokerages have set a twelve-month consensus price objective of $17.00 for the company and are expecting that the company will post ($0.38) EPS for the current quarter, according to Zacks. Zacks has also given Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 an industry rank of 190 out of 265 based on the ratings given to related companies.

Several brokerages have commented on GNK. Clarkson Capital began coverage on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a research note on Tuesday, April 4th. They issued a “buy” rating and a $17.00 price target on the stock. Jefferies Group LLC raised their price target on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, April 24th. Zacks Investment Research lowered shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Morgan Stanley upgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $5.00 to $13.00 in a research note on Tuesday, March 28th. Finally, Seaport Global Securities upgraded shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Wednesday, May 10th. They noted that the move was a valuation call.

Several hedge funds and other institutional investors have recently bought and sold shares of GNK. Jane Street Group LLC bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at about $134,000. Bank of New York Mellon Corp bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at about $136,000. Segantii Capital Management Ltd bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at about $141,000. Dynamic Technology Lab Private Ltd bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the fourth quarter valued at about $186,000. Finally, Citadel Advisors LLC bought a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter valued at about $325,000. Institutional investors and hedge funds own 56.45% of the company’s stock.

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Shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) traded up 0.11% during midday trading on Thursday, reaching $9.06. The company’s stock had a trading volume of 72,606 shares. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 1-year low of $3.62 and a 1-year high of $14.99. The company’s market capitalization is $311.73 million. The stock has a 50 day moving average of $9.72 and a 200-day moving average of $10.19.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) last announced its quarterly earnings results on Monday, May 8th. The shipping company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.59) by $0.07. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 had a negative net margin of 116.60% and a negative return on equity of 12.03%. The firm had revenue of $38.25 million during the quarter, compared to analyst estimates of $39.31 million. On average, equities research analysts anticipate that Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 will post ($1.39) earnings per share for the current year.

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