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Genco Shipping & Trading (GNK) Stock Forecast & Price Target

-0.04 (-0.19%)
(As of 07/17/2024 ET)

Genco Shipping & Trading - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 5 Wall Street analysts who have issued ratings for Genco Shipping & Trading in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 1 has given a hold rating, and 4 have given a buy rating for GNK.

Consensus Price Target

22.12% Upside
High Forecast$30.00
Average Forecast$25.40
Low Forecast$20.00

According to the 5 analysts' twelve-month price targets for Genco Shipping & Trading, the average price target is $25.40. The highest price target for GNK is $30.00, while the lowest price target for GNK is $20.00. The average price target represents a forecasted upside of 22.12% from the current price of $20.80.

TypeCurrent Forecast
7/18/23 to 7/17/24
1 Month Ago
6/18/23 to 6/17/24
3 Months Ago
4/19/23 to 4/18/24
1 Year Ago
7/18/22 to 7/18/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
4 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
4 Buy rating(s)
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$25.40$25.00$20.67$24.00
Forecasted Upside22.12% Upside20.18% Upside40.47% Upside50.02% Upside
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GNK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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GNK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Genco Shipping & Trading Stock vs. The Competition

TypeGenco Shipping & TradingTransportation CompaniesS&P 500
Consensus Rating Score
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside22.12% Upside29.52% Upside7.87% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/1/2024Alliance Global Partners
1 of 5 stars
P. Fratt
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Boost TargetBuy ➝ Buy$25.00 ➝ $27.00+24.60%
5/10/2024B. Riley
4 of 5 stars
 Boost TargetBuy ➝ Buy$27.00 ➝ $30.00+31.18%
5/9/2024Jefferies Financial Group
2 of 5 stars
 Boost TargetBuy ➝ Buy$26.00 ➝ $27.00+19.21%
4/19/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$22.00 ➝ $23.00+12.58%
1/5/2024BTIG Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 10:40 PM ET.

GNK Forecast - Frequently Asked Questions

What is Genco Shipping & Trading's forecast for 2024?

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Genco Shipping & Trading is $25.40, with a high forecast of $30.00 and a low forecast of $20.00.

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 twelve months. There is currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GNK shares.

Does Genco Shipping & Trading's stock price have much upside?

According to analysts, Genco Shipping & Trading's stock has a predicted upside of 20.98% based on their 12-month stock forecasts.

What analysts cover Genco Shipping & Trading?

Genco Shipping & Trading has been rated by research analysts at Alliance Global Partners, B. Riley, Jefferies Financial Group, and Stifel Nicolaus in the past 90 days.

Do Wall Street analysts like Genco Shipping & Trading more than its competitors?

Analysts like Genco Shipping & Trading more than other "transportation" companies. The consensus rating score for Genco Shipping & Trading is 2.80 while the average consensus rating score for "transportation" companies is 2.53. Learn more on how GNK compares to other companies.

This page (NYSE:GNK) was last updated on 7/17/2024 by Staff

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