News stories about Genco Shipping & Trading (NYSE:GNK) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Genco Shipping & Trading earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the shipping company an impact score of 45.6500029388867 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Morgan Stanley Trims Genco Shipping & Trading (GNK) Target Price to $14.50 (americanbankingnews.com)
- Head to Head Review: Genco Shipping & Trading (GNK) versus Its Rivals (americanbankingnews.com)
- Genco Shipping & Trading (GNK) Coverage Initiated at Deutsche Bank (americanbankingnews.com)
- Genco Shipping & Trading (GNK) Raised to “Hold” at ValuEngine (americanbankingnews.com)
- $57.02 Million in Sales Expected for Genco Shipping & Trading (GNK) This Quarter (americanbankingnews.com)
Several analysts have recently commented on the stock. Jefferies Group assumed coverage on shares of Genco Shipping & Trading in a report on Monday, December 18th. They issued a “buy” rating and a $20.00 price objective on the stock. Zacks Investment Research raised shares of Genco Shipping & Trading from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Monday, March 12th. TheStreet raised shares of Genco Shipping & Trading from a “d” rating to a “c-” rating in a report on Wednesday, February 28th. Seaport Global Securities set a $18.00 price objective on shares of Genco Shipping & Trading and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Deutsche Bank assumed coverage on shares of Genco Shipping & Trading in a report on Monday. They issued a “buy” rating and a $19.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.64.
Genco Shipping & Trading (NYSE:GNK) last announced its quarterly earnings results on Tuesday, February 27th. The shipping company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.10. Genco Shipping & Trading had a negative net margin of 28.00% and a negative return on equity of 4.49%. The firm had revenue of $74.92 million for the quarter, compared to the consensus estimate of $58.10 million. equities analysts expect that Genco Shipping & Trading will post 0.61 EPS for the current year.
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Genco Shipping & Trading Company Profile
Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, such as commodities traders; producers; and government-owned entities.
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