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Genco Shipping & Trading - GNK Stock Forecast, Price & News

$17.58
-0.23 (-1.29%)
(As of 02/3/2023 05:18 PM ET)
Add
Compare
Today's Range
$17.53
$17.95
50-Day Range
$14.05
$18.14
52-Week Range
$11.92
$27.15
Volume
912,374 shs
Average Volume
842,960 shs
Market Capitalization
$744.16 million
P/E Ratio
3.41
Dividend Yield
17.28%
Price Target
$23.20

Genco Shipping & Trading MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
32.0% Upside
$23.20 Price Target
Short Interest
Bearish
6.31% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.04mentions of Genco Shipping & Trading in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-30.05%
From $3.66 to $2.56 Per Share

Overall MarketRank

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

2.58 out of 5 stars

Transportation Sector

21st out of 121 stocks

Deep Sea Foreign Transportation Of Freight Industry

8th out of 29 stocks

GNK stock logo

About Genco Shipping & Trading (NYSE:GNK) Stock

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It operates through the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels segment. The company was founded on September 27, 2004 and is headquartered in New York, NY.

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GNK Stock News Headlines

Know Your Profit Potential BEFORE You Trade!
I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! pixel
GNK Genco Shipping & Trading Limited
20.4%-Yielding Genco Shipping Stock Hikes Dividend 56%
Know Your Profit Potential BEFORE You Trade!
I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! pixel
Genco Shipping: Potential 44.5% Annualized Return
Expert Ratings for Genco Shipping & Trading
See More Headlines
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GNK Company Calendar

Last Earnings
11/09/2022
Ex-Dividend for 11/28 Dividend
11/18/2022
Dividend Payable
11/28/2022
Today
2/03/2023
Next Earnings (Confirmed)
2/22/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Previous Symbol
OTCBB:GSKNF
Employees
1,027
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$23.20
High Stock Price Forecast
$27.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+32.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$182.01 million
Pretax Margin
37.33%

Debt

Sales & Book Value

Annual Sales
$547.13 million
Cash Flow
$5.55 per share
Book Value
$21.86 per share

Miscellaneous

Free Float
41,269,000
Market Cap
$744.16 million
Optionable
Not Optionable
Beta
1.07

Key Executives

  • John C. WobensmithJohn C. Wobensmith
    President, CEO, Secretary & Director
  • Robert HughesRobert Hughes
    Chief Operating Officer
  • Apostolos ZafoliasApostolos Zafolias
    Chief Financial Officer & Executive VP-Finance
  • Jesper Christensen
    VP & Commercial Director-Minor Bulk Fleet
  • Ivo Kempenaer
    Vice President & Commercial Dir., Head-Major Bulks













GNK Stock - Frequently Asked Questions

Should I buy or sell Genco Shipping & Trading stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GNK shares.
View GNK analyst ratings
or view top-rated stocks.

What is Genco Shipping & Trading's stock price forecast for 2023?

5 brokers have issued 1-year price targets for Genco Shipping & Trading's shares. Their GNK share price forecasts range from $20.00 to $27.00. On average, they expect the company's stock price to reach $23.20 in the next twelve months. This suggests a possible upside of 30.3% from the stock's current price.
View analysts price targets for GNK
or view top-rated stocks among Wall Street analysts.

How have GNK shares performed in 2023?

Genco Shipping & Trading's stock was trading at $15.36 at the beginning of 2023. Since then, GNK stock has increased by 15.9% and is now trading at $17.80.
View the best growth stocks for 2023 here
.

Are investors shorting Genco Shipping & Trading?

Genco Shipping & Trading saw a increase in short interest in January. As of January 15th, there was short interest totaling 2,510,000 shares, an increase of 47.6% from the December 31st total of 1,700,000 shares. Based on an average trading volume of 919,400 shares, the short-interest ratio is presently 2.7 days. Approximately 6.3% of the company's shares are short sold.
View Genco Shipping & Trading's Short Interest
.

When is Genco Shipping & Trading's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our GNK earnings forecast
.

How can I listen to Genco Shipping & Trading's earnings call?

Genco Shipping & Trading will be holding an earnings conference call on Thursday, February 23rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-674-7070 with passcode "378900".

How were Genco Shipping & Trading's earnings last quarter?

Genco Shipping & Trading Limited (NYSE:GNK) posted its quarterly earnings data on Wednesday, November, 9th. The shipping company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.12. The shipping company earned $96.47 million during the quarter, compared to analysts' expectations of $91.19 million. Genco Shipping & Trading had a trailing twelve-month return on equity of 22.98% and a net margin of 37.21%.

How often does Genco Shipping & Trading pay dividends? What is the dividend yield for Genco Shipping & Trading?

Genco Shipping & Trading announced a quarterly dividend on Tuesday, November 8th. Investors of record on Monday, November 21st will be paid a dividend of $0.78 per share on Monday, November 28th. This represents a $3.12 annualized dividend and a yield of 17.53%. The ex-dividend date is Friday, November 18th. This is an increase from the stock's previous quarterly dividend of $0.50.
Read our dividend analysis for GNK
.

Is Genco Shipping & Trading a good dividend stock?

Genco Shipping & Trading (NYSE:GNK) pays an annual dividend of $3.12 per share and currently has a dividend yield of 17.28%. GNK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 60.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, GNK will have a dividend payout ratio of 121.88% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GNK.

What is Nick Mackenzie's approval rating as Genco Shipping & Trading's CEO?

89 employees have rated Genco Shipping & Trading Chief Executive Officer Nick Mackenzie on Glassdoor.com. Nick Mackenzie has an approval rating of 83% among the company's employees.

What other stocks do shareholders of Genco Shipping & Trading own?
What is Genco Shipping & Trading's stock symbol?

Genco Shipping & Trading trades on the New York Stock Exchange (NYSE) under the ticker symbol "GNK."

Who are Genco Shipping & Trading's major shareholders?

Genco Shipping & Trading's stock is owned by many different retail and institutional investors. Top institutional shareholders include Gratus Capital LLC (1.06%), Euclidean Technologies Management LLC (0.31%), Mraz Amerine & Associates Inc. (0.21%), Jenkins Wealth (0.17%), AE Wealth Management LLC (0.13%) and SummerHaven Investment Management LLC (0.11%). Insiders that own company stock include Apollo Management Holdings Gp,, Apostolos Zafolias, Arthur L Regan, Cayman Gp Ltd Ccp II, John C Wobensmith, Joseph Adamo, Robert E Hughes and Strategic Value Partners, Llc.
View institutional ownership trends
.

How do I buy shares of Genco Shipping & Trading?

Shares of GNK 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 Genco Shipping & Trading's stock price today?

One share of GNK stock can currently be purchased for approximately $17.80.

How much money does Genco Shipping & Trading make?

Genco Shipping & Trading (NYSE:GNK) has a market capitalization of $753.47 million and generates $547.13 million in revenue each year. The shipping company earns $182.01 million in net income (profit) each year or $5.15 on an earnings per share basis.

How many employees does Genco Shipping & Trading have?

The company employs 1,027 workers across the globe.

How can I contact Genco Shipping & Trading?

Genco Shipping & Trading's mailing address is 299 Park Avenue 12th Floor, NEW YORK NY, 10171. The official website for the company is www.gencoshipping.com. The shipping company can be reached via phone at (646) 443-8550, via email at finance@gencoshipping.com, or via fax at 646-443-8551.

This page (NYSE:GNK) was last updated on 2/3/2023 by MarketBeat.com Staff