Safe Bulkers, Inc. (NYSE:SB) has been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $3.92.

Several equities analysts have weighed in on SB shares. Zacks Investment Research raised Safe Bulkers from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Maxim Group lowered their target price on Safe Bulkers to $3.50 and set a “buy” rating on the stock in a research note on Wednesday, February 20th.

NYSE:SB opened at $1.56 on Thursday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.75 and a current ratio of 1.85. Safe Bulkers has a fifty-two week low of $1.28 and a fifty-two week high of $3.90. The stock has a market cap of $159.50 million, a price-to-earnings ratio of 9.15 and a beta of 1.66.

Safe Bulkers (NYSE:SB) last released its earnings results on Tuesday, February 19th. The shipping company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). Safe Bulkers had a net margin of 14.19% and a return on equity of 6.30%. The business had revenue of $52.57 million for the quarter, compared to analysts’ expectations of $52.04 million. As a group, equities analysts forecast that Safe Bulkers will post 0.2 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Safe Bulkers in the 4th quarter valued at approximately $37,000. MCF Advisors LLC bought a new stake in shares of Safe Bulkers in the 4th quarter valued at approximately $50,000. ClariVest Asset Management LLC bought a new stake in shares of Safe Bulkers in the 3rd quarter valued at approximately $121,000. Rhumbline Advisers grew its stake in shares of Safe Bulkers by 40.6% in the 4th quarter. Rhumbline Advisers now owns 69,840 shares of the shipping company’s stock valued at $124,000 after buying an additional 20,183 shares in the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of Safe Bulkers by 198.0% in the 3rd quarter. GSA Capital Partners LLP now owns 53,700 shares of the shipping company’s stock valued at $155,000 after buying an additional 35,682 shares in the last quarter. 19.22% of the stock is owned by institutional investors and hedge funds.

Safe Bulkers Company Profile

Safe Bulkers, Inc provides marine drybulk transportation services worldwide. It is involved in the acquisition, ownership, and operation of drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of February 9, 2018, the company had a fleet of 39 drybulk vessels with an aggregate carrying capacity of 3,513,800 deadweight tons.

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Analyst Recommendations for Safe Bulkers (NYSE:SB)

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