Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK) Receives $16.20 Consensus PT from Analysts

Shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK) have been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $16.20.

A number of equities analysts have recently weighed in on GNK shares. ValuEngine cut Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Zacks Investment Research raised Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Evercore ISI assumed coverage on Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 in a research note on Monday, November 20th. They set an “outperform” rating and a $15.00 price target on the stock.

Several institutional investors and hedge funds have recently bought and sold shares of GNK. Citigroup Inc. lifted its holdings in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 0.4% in the 2nd quarter. Citigroup Inc. now owns 13,652 shares of the shipping company’s stock valued at $129,000 after buying an additional 51 shares during the period. California State Teachers Retirement System acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the second quarter worth $129,000. Bank of New York Mellon Corp acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the first quarter worth $136,000. Teachers Advisors LLC acquired a new position in Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 during the second quarter worth $141,000. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 by 9.6% in the second quarter. Cubist Systematic Strategies LLC now owns 16,692 shares of the shipping company’s stock worth $158,000 after acquiring an additional 1,457 shares during the last quarter. 57.28% of the stock is owned by institutional investors and hedge funds.

Shares of Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE GNK) traded down $0.17 during midday trading on Monday, reaching $11.38. The company had a trading volume of 73,129 shares, compared to its average volume of 104,030. Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 has a 52-week low of $6.37 and a 52-week high of $14.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.23 and a current ratio of 5.23.

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About Genco Shipping & Trading Limited Warrants Expiring 12/31/2021

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

Analyst Recommendations for Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (NYSE:GNK)

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