Gener8 Maritime Inc (GNRT) Receives $8.50 Consensus Price Target from Brokerages
Shares of Gener8 Maritime Inc (NYSE:GNRT) have earned an average recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $8.50.
Several research firms have recently weighed in on GNRT. UBS reiterated a “neutral” rating on shares of Gener8 Maritime in a research note on Thursday, January 4th. Citigroup lowered shares of Gener8 Maritime from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 23rd. DNB Markets upgraded shares of Gener8 Maritime from a “hold” rating to a “buy” rating in a research note on Tuesday, March 6th. Morgan Stanley lifted their price objective on shares of Gener8 Maritime from $5.50 to $7.00 and gave the company an “equal weight” rating in a research note on Monday, February 12th. Finally, Jefferies Group began coverage on shares of Gener8 Maritime in a research note on Monday, December 18th. They issued a “buy” rating and a $10.00 price objective for the company.
Shares of Gener8 Maritime stock opened at $5.75 on Monday. The firm has a market cap of $484.62, a price-to-earnings ratio of -2.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.68 and a quick ratio of 1.68. Gener8 Maritime has a one year low of $4.17 and a one year high of $6.94.
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About Gener8 Maritime
Gener8 Maritime, Inc is a provider of international seaborne crude oil transportation services. The Company operates through the transportation of international seaborne crude oil and petroleum products with its fleet of vessels segment. As of March 10, 2017, the Company owned a fleet of 40 tankers on the water, consisting of 24 Very Large Crude Carriers (VLCCs), 10 Suezmax vessels, four Aframax vessels and two Panamax vessels, with an aggregate carrying capacity of 9.4 million deadweight tons (DWT) and one eco VLCC newbuilding.
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