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NASDAQ:GRIN

Grindrod Shipping - GRIN Stock Forecast, Price & News

$20.99
-0.01 (-0.05%)
(As of 12/9/2022 01:46 PM ET)
Add
Compare
Today's Range
$20.98
$21.03
50-Day Range
$20.96
$25.99
52-Week Range
$13.16
$28.98
Volume
11,066 shs
Average Volume
441,405 shs
Market Capitalization
$404.06 million
P/E Ratio
2.55
Dividend Yield
16.01%
Price Target
$29.00

Grindrod Shipping MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
38.1% Upside
$29.00 Price Target
Short Interest
Healthy
4.40% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.30mentions of Grindrod Shipping in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Transportation Sector

47th out of 123 stocks

Deep Sea Foreign Transportation Of Freight Industry

18th out of 29 stocks

GRIN stock logo

About Grindrod Shipping (NASDAQ:GRIN) Stock

Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 32 vessels consisting of 24 owned dry bulk carriers and 7 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers. The company also operates one owned tanker, which carry petroleum products, such as petrol, diesel, jet fuel, and naptha, as well as heavy fuel oil; and low hazard chemical products comprising liquid bulk vegetable oils. Its customers include shipping companies, trading houses, mining companies, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products. The company was founded in 1910 and is based in Singapore.

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GRIN Stock News Headlines

Power outage puts Grindrod on boil water notice
State shipping line a dead gull
Grindrod Shipping: The Stock Is A Hold
GRIN Grindrod Shipping Holdings Ltd.
Best Car Shipping Companies Of October 2022
No water for Mabel Lake, Grindrod
Grindrod Shipping Shares Rise With Acquisition Talks
Why Is Grindrod Shipping (GRIN) Stock Up 15% Today?
Why Is Grindrod Shipping Holdings Stock Rising Today?
See More Headlines
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GRIN Company Calendar

Ex-Dividend for 9/19 Dividend
9/08/2022
Dividend Payable
9/19/2022
Last Earnings
11/16/2022
Ex-Dividend for 12/5 Dividend
11/23/2022
Dividend Payable
12/05/2022
Today
12/09/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/15/2023

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Current Symbol
NASDAQ:GRIN
Employees
596
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.00
High Stock Price Forecast
$32.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+38.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$118.93 million
Pretax Margin
30.90%

Debt

Sales & Book Value

Annual Sales
$455.84 million
Cash Flow
$9.54 per share
Book Value
$16.60 per share

Miscellaneous

Free Float
17,369,000
Market Cap
$404.06 million
Optionable
Not Optionable
Beta
0.74

Key Executives

  • Mr. Stephen William Griffiths (Age 61)
    Interim CEO, CFO & Exec. Director
  • Mr. Carl Ackerley
    Chief Operating Officer













GRIN Stock - Frequently Asked Questions

Should I buy or sell Grindrod Shipping stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Grindrod Shipping in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" GRIN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GRIN, but not buy additional shares or sell existing shares.
View GRIN analyst ratings
or view top-rated stocks.

What is Grindrod Shipping's stock price forecast for 2023?

3 brokerages have issued 1-year price targets for Grindrod Shipping's stock. Their GRIN share price forecasts range from $26.00 to $32.00. On average, they anticipate the company's share price to reach $29.00 in the next year. This suggests a possible upside of 38.0% from the stock's current price.
View analysts price targets for GRIN
or view top-rated stocks among Wall Street analysts.

How have GRIN shares performed in 2022?

Grindrod Shipping's stock was trading at $18.03 at the start of the year. Since then, GRIN shares have increased by 16.5% and is now trading at $21.01.
View the best growth stocks for 2022 here
.

When is Grindrod Shipping's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our GRIN earnings forecast
.

How were Grindrod Shipping's earnings last quarter?

Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) issued its quarterly earnings results on Wednesday, November, 16th. The company reported $1.40 EPS for the quarter. The company had revenue of $83.78 million for the quarter. Grindrod Shipping had a net margin of 30.82% and a trailing twelve-month return on equity of 45.85%.

How often does Grindrod Shipping pay dividends? What is the dividend yield for Grindrod Shipping?

Grindrod Shipping announced a Special dividend on Monday, August 29th. Stockholders of record on Friday, November 25th will be given a dividend of $5.00 per share on Monday, December 5th. This represents a dividend yield of 13%. The ex-dividend date is Wednesday, November 23rd.
Read our dividend analysis for GRIN
.

Is Grindrod Shipping a good dividend stock?

Grindrod Shipping (NASDAQ:GRIN) pays an annual dividend of $3.36 per share and currently has a dividend yield of 16.01%. GRIN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.78%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for GRIN.

What other stocks do shareholders of Grindrod Shipping own?
What is Grindrod Shipping's stock symbol?

Grindrod Shipping trades on the NASDAQ under the ticker symbol "GRIN."

Who are Grindrod Shipping's major shareholders?

Grindrod Shipping's stock is owned by a variety of institutional and retail investors. Top institutional investors include Weiss Asset Management LP (2.00%), Weiss Asset Management LP (2.00%), Renaissance Technologies LLC (1.56%), Marshall Wace LLP (1.11%), Hennessy Advisors Inc. (0.73%) and Two Sigma Advisers LP (0.34%).

How do I buy shares of Grindrod Shipping?

Shares of GRIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Grindrod Shipping's stock price today?

One share of GRIN stock can currently be purchased for approximately $21.01.

How much money does Grindrod Shipping make?

Grindrod Shipping (NASDAQ:GRIN) has a market capitalization of $404.44 million and generates $455.84 million in revenue each year. The company earns $118.93 million in net income (profit) each year or $8.24 on an earnings per share basis.

How many employees does Grindrod Shipping have?

The company employs 596 workers across the globe.

How can I contact Grindrod Shipping?

Grindrod Shipping's mailing address is NO. 03-01 SOUTHPOINT 200 CANTONMENT ROAD, SINGAPORE U0, 089763. The official website for the company is www.grinshipping.com. The company can be reached via phone at 65-6632-1315 or via fax at 65-6323-0046.

This page (NASDAQ:GRIN) was last updated on 12/9/2022 by MarketBeat.com Staff