Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) Receives $16.50 Consensus Target Price from Analysts

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) has earned an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $16.50.

A number of research firms have weighed in on GNK. BidaskClub raised shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. ValuEngine cut shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Zacks Investment Research raised shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $20.00 target price (down from $22.00) on shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a report on Saturday, July 22nd.

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Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) traded down $0.11 during mid-day trading on Thursday, reaching $11.20. 25,600 shares of the company’s stock were exchanged, compared to its average volume of 68,307. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.84 and a current ratio of 5.23. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 12 month low of $6.37 and a 12 month high of $14.99.

Several institutional investors have recently made changes to their positions in the company. EAM Investors LLC acquired a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the 3rd quarter valued at $486,000. American Century Companies Inc. acquired a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the 3rd quarter valued at $208,000. California State Teachers Retirement System acquired a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the 2nd quarter valued at $129,000. Cubist Systematic Strategies LLC increased its holdings in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 9.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,692 shares of the shipping company’s stock valued at $158,000 after acquiring an additional 1,457 shares during the period. Finally, State Street Corp acquired a new position in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in the 2nd quarter valued at $582,000. 58.20% of the stock is currently owned by institutional investors and hedge funds.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 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, including commodities traders; producers; and government-owned entities.

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