Media stories about Safe Bulkers (NYSE:SB) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Safe Bulkers earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the shipping company an impact score of 45.7286907833222 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Thursday, January 25th. Maxim Group reissued a “buy” rating and set a $5.50 price target (up from $5.00) on shares of Safe Bulkers in a research note on Thursday, February 15th. ValuEngine cut shares of Safe Bulkers from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Morgan Stanley cut shares of Safe Bulkers from an “overweight” rating to an “equal weight” rating and set a $4.00 price target on the stock. in a research note on Monday, February 12th. Finally, Jefferies Group began coverage on shares of Safe Bulkers in a research note on Monday, December 18th. They set a “hold” rating and a $3.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Safe Bulkers presently has an average rating of “Hold” and a consensus price target of $3.71.
Safe Bulkers stock opened at $3.54 on Monday. Safe Bulkers has a 52 week low of $1.60 and a 52 week high of $3.99. The stock has a market cap of $359.44, a P/E ratio of -3.61 and a beta of 1.98. The company has a quick ratio of 2.03, a current ratio of 2.14 and a debt-to-equity ratio of 1.19.
Safe Bulkers (NYSE:SB) last announced its quarterly earnings data on Wednesday, February 14th. The shipping company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Safe Bulkers had a net margin of 3.26% and a return on equity of 16.52%. The firm had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $38.12 million. During the same period last year, the firm earned ($0.09) earnings per share. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. equities research analysts predict that Safe Bulkers will post 0.2 EPS for the current year.
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Safe Bulkers Company Profile
Safe Bulkers, Inc is a holding company. The Company’s principal business is the acquisition, ownership and operation of drybulk vessels. The Company’s vessels operate across the world, carrying drybulk cargo for the consumers of marine drybulk transportation services. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along shipping routes across the world.
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