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META   501.80 (+1.54%)
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AMZN   179.22 (-1.14%)
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NVDA   846.71 (+0.76%)
AMD   155.08 (+0.69%)
NIO   4.00 (+2.30%)
BABA   68.88 (+0.09%)
T   16.33 (+1.30%)
F   12.06 (+0.17%)
MU   111.93 (-3.78%)
GE   152.94 (-1.75%)
CGC   7.83 (+20.65%)
DIS   112.43 (-0.45%)
AMC   2.92 (-2.01%)
PFE   25.39 (-0.12%)
PYPL   62.10 (-1.83%)
XOM   118.52 (-0.09%)

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

$20.28
+0.02 (+0.10%)
(As of 04:35 PM ET)

Genco Shipping & Trading Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 3 Analyst Ratings

Analysts' Consensus Price Target

$20.67
1.91% Upside
High Forecast$22.00
Average Forecast$20.67
Low Forecast$20.00
TypeCurrent Forecast
4/19/23 to 4/18/24
1 Month Ago
3/20/23 to 3/19/24
3 Months Ago
1/19/23 to 1/19/24
1 Year Ago
4/19/22 to 4/19/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
5 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$20.67$20.67$20.67$23.20
Predicted Upside1.91% Upside40.47% Upside40.47% Upside48.95% Upside
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GNK Analyst Ratings 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
2.67
2.53
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside1.76% Upside38.53% Upside12.24% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
1/5/2024BTIG Research
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 Reiterated RatingBuy ➝ Neutral
11/30/2023Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy ➝ Buy$18.00 ➝ $20.00+29.03%
10/19/2023Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetBuy ➝ Buy$23.00 ➝ $22.00+52.51%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:48 PM ET.

GNK Price Target - Frequently Asked Questions

What is Genco Shipping & Trading's consensus rating and price target?

According to the issued ratings of 3 analysts in the last year, the consensus rating for Genco Shipping & Trading stock is Moderate Buy based on the current 1 hold rating and 2 buy ratings for GNK. The average twelve-month price prediction for Genco Shipping & Trading is $20.67 with a high price target of $22.00 and a low price target of $20.00. Learn more on GNK's analyst rating history.

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 2.67 while the average consensus rating score for transportation companies is 2.52. Learn more on how GNK compares to other companies.

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

According to analysts, Genco Shipping & Trading's stock has a predicted upside of 40.47% based on their 12-month stock forecasts.


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This page (NYSE:GNK) was last updated on 4/18/2024 by MarketBeat.com Staff

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