Genco Shipping & Trading (GNK) Stock Forecast, Price Target & Predictions
GNK Stock Forecast
Genco Shipping & Trading stock forecast is as follows: an average price target of $20.67 (represents a 24.29% upside from GNK’s last price of $16.63) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
GNK Price Target
The average price target for Genco Shipping & Trading (GNK) is $20.67 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $22.00 to $20.00. This represents a potential 24.29% upside from GNK's last price of $16.63.
GNK Analyst Ratings
According to 4 Wall Street analysts, Genco Shipping & Trading's rating consensus is 'Buy'. The analyst rating breakdown for GNK stock is 0 'Strong Buy' (0.00%), 4 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Genco Shipping & Trading Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 04, 2024 | Chris Robertson | Deutsche Bank | $22.00 | $17.04 | 29.11% | 32.29% |
| Mar 28, 2023 | Benjamin Nolan | Stifel Nicolaus | $20.00 | $15.31 | 30.59% | 20.26% |
| Mar 13, 2023 | Omar Nokta | Jefferies | $20.00 | $16.35 | 22.32% | 20.26% |
| May 05, 2022 | - | Jefferies | $29.00 | $23.28 | 24.57% | 74.38% |
The latest Genco Shipping & Trading stock forecast, released on Sep 04, 2024 by Chris Robertson from Deutsche Bank, set a price target of $22.00, which represents a 29.11% increase from the stock price at the time of the forecast ($17.04), and a 32.29% increase from GNK last price ($16.63).
Genco Shipping & Trading Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 1 |
| Avg Price Target | $22.00 | $22.00 | $22.00 |
| Last Closing Price | $16.63 | $16.63 | $16.63 |
| Upside/Downside | 32.29% | 32.29% | 32.29% |
In the current month, the average price target of Genco Shipping & Trading stock is $22.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 32.29% increase as opposed to Genco Shipping & Trading's last price of $16.63. This month's average price target is down 0.00% compared to last quarter, and down 0.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 04, 2024 | Deutsche Bank | - | Buy | Initialise |
| Aug 26, 2024 | Jefferies | Buy | Buy | Hold |
| Jul 01, 2024 | Alliance Global Partners | Buy | Buy | Hold |
| Apr 26, 2023 | Jefferies | Buy | Buy | Hold |
| Mar 28, 2023 | B. Riley Securities | Buy | Buy | Hold |
| Mar 13, 2023 | Jefferies | Buy | Buy | Hold |
| Sep 26, 2022 | Jefferies | Buy | Buy | Hold |
| Feb 24, 2022 | Jefferies | Buy | Buy | Hold |
Genco Shipping & Trading's last stock rating was published by Deutsche Bank on Sep 04, 2024. The company Initialise its GNK rating from "null" to "Buy".
Genco Shipping & Trading Financial Forecast
Genco Shipping & Trading Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $117.44M | $115.52B | $83.36M | $90.56M | $94.39M | $126.97M | $135.97M | - | $136.23M | $183.28M | $155.25M | $121.01M | $87.59M | $95.49M | $87.52M |
| Avg Forecast | $121.55M | $120.45M | $119.36M | $118.28M | $82.33M | $87.65M | $76.94M | $72.58M | $84.22M | $72.07M | $65.78M | $63.20M | $79.24M | $71.99M | $74.86M | $77.31M | $72.54M | $46.21M | $61.69M | $55.58M | $77.43M | $94.90M | $109.14M | $91.85M | $131.66M | $107.58M | $77.47M | $46.85M | $54.31M | $53.51M |
| High Forecast | $124.59M | $123.46M | $122.35M | $121.24M | $84.39M | $89.84M | $78.86M | $74.39M | $86.32M | $73.87M | $67.43M | $64.78M | $81.22M | $74.26M | $76.73M | $79.24M | $73.81M | $49.07M | $63.23M | $56.97M | $79.36M | $97.27M | $109.14M | $116.55M | $167.07M | $136.51M | $98.30M | $59.45M | $68.92M | $67.90M |
| Low Forecast | $119.78M | $118.70M | $117.62M | $116.56M | $81.13M | $86.37M | $75.82M | $71.52M | $82.99M | $71.02M | $64.82M | $62.28M | $78.09M | $69.93M | $73.77M | $76.18M | $70.95M | $42.83M | $60.79M | $54.77M | $76.30M | $93.52M | $109.14M | $82.53M | $118.30M | $96.66M | $69.60M | $42.09M | $48.80M | $48.08M |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 5 | 1 | 2 | 2 | 2 | 10 | 10 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.52% | 1592.50% | 1.80% | 1.47% | 1.70% | 1.64% | 1.43% | - | 1.48% | 1.39% | 1.44% | 1.56% | 1.87% | 1.76% | 1.64% |
Genco Shipping & Trading's average Quarter revenue forecast for Jun 24 based on 2 analysts is $74.86M, with a low forecast of $73.77M, and a high forecast of $76.73M. GNK's average Quarter revenue forecast represents a -36.26% decrease compared to the company's last Quarter revenue of $117.44M (Mar 24).
Genco Shipping & Trading EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 5 | 1 | 2 | 2 | 2 | 10 | 10 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $39.32M | $23.74B | $-13.33M | $30.82M | $21.19M | $31.00M | $59.26M | - | $58.52M | $108.43M | $75.62M | $50.62M | $20.31M | $-44.12M | $114.00K |
| Avg Forecast | $38.07M | $37.73M | $37.39M | $37.05M | $25.79M | $27.45M | $24.10M | $22.73M | $26.38M | $22.57M | $20.60M | $19.79M | $24.82M | $22.55M | $23.45M | $70.59M | $22.72M | $14.47M | $19.32M | $17.41M | $24.25M | $75.62M | $34.18M | $58.34M | $106.77M | $68.75M | $48.51M | $20.31M | $-48.53M | $143.64K |
| High Forecast | $39.02M | $38.67M | $38.32M | $37.97M | $26.43M | $28.14M | $24.70M | $23.30M | $27.04M | $23.14M | $21.12M | $20.29M | $25.44M | $23.26M | $24.03M | $84.71M | $23.12M | $15.37M | $19.81M | $17.84M | $24.86M | $90.75M | $34.18M | $70.01M | $128.12M | $82.50M | $58.21M | $24.37M | $-38.82M | $172.37K |
| Low Forecast | $37.52M | $37.18M | $36.84M | $36.51M | $25.41M | $27.05M | $23.75M | $22.40M | $25.99M | $22.24M | $20.30M | $19.51M | $24.46M | $21.90M | $23.10M | $56.47M | $22.22M | $13.41M | $19.04M | $17.15M | $23.90M | $60.50M | $34.18M | $46.67M | $85.41M | $55.00M | $38.81M | $16.25M | $-58.23M | $114.91K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.56% | 1044.89% | -0.92% | 1.60% | 1.22% | 1.28% | 0.78% | - | 1.00% | 1.02% | 1.10% | 1.04% | 1.00% | 0.91% | 0.79% |
2 analysts predict GNK's average Quarter EBITDA for Jun 24 to be $23.45M, with a high of $24.03M and a low of $23.10M. This is -40.36% lower than Genco Shipping & Trading's previous annual EBITDA (Mar 24) of $39.32M.
Genco Shipping & Trading Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 5 | 1 | 2 | 2 | 2 | 10 | 10 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $18.80M | $4.94B | $-32.00M | $11.56M | $2.63M | $28.68M | $40.83M | - | $41.69M | $88.49M | $57.13M | $32.04M | $1.99M | $-65.92M | $-21.10M |
| Avg Forecast | $32.73M | $32.46M | $31.59M | $30.75M | $31.53M | $33.86M | $28.09M | $26.44M | $30.21M | $20.87M | $15.48M | $13.76M | $25.89M | $17.43M | $19.09M | $50.44M | $19.15M | $-6.32M | $10.37M | $45.86M | $28.15M | $57.13M | $50.95M | $41.69M | $89.46M | $51.94M | $30.70M | $1.98M | $-72.51M | $-26.58M |
| High Forecast | $33.80M | $33.52M | $32.62M | $31.75M | $32.56M | $34.96M | $29.00M | $27.30M | $31.20M | $21.55M | $15.98M | $14.20M | $26.73M | $21.01M | $19.71M | $60.53M | $21.74M | $-6.21M | $10.70M | $55.03M | $29.07M | $68.56M | $50.95M | $50.03M | $107.35M | $62.33M | $36.84M | $2.38M | $-58.01M | $-21.27M |
| Low Forecast | $32.11M | $31.85M | $30.99M | $30.17M | $30.94M | $33.22M | $27.55M | $25.94M | $29.64M | $20.47M | $15.18M | $13.50M | $25.40M | $12.51M | $18.73M | $40.35M | $14.49M | $-6.53M | $10.17M | $36.69M | $27.62M | $45.71M | $50.95M | $33.35M | $71.57M | $41.55M | $24.56M | $1.59M | $-87.02M | $-31.90M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.37% | 257.77% | 5.06% | 1.12% | 0.06% | 1.02% | 0.71% | - | 1.00% | 0.99% | 1.10% | 1.04% | 1.00% | 0.91% | 0.79% |
Genco Shipping & Trading's average Quarter net income forecast for Jun 24 is $19.09M, with a range of $18.73M to $19.71M. GNK's average Quarter net income forecast represents a 1.54% increase compared to the company's last Quarter net income of $18.80M (Mar 24).
Genco Shipping & Trading SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 5 | 1 | 2 | 2 | 2 | 10 | 10 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.66M | $7.00B | $6.58M | $6.93M | $7.75M | $7.37M | $5.91M | - | $6.04M | $6.84M | $5.66M | $5.85M | $6.10M | $4.91M | $5.12M |
| Avg Forecast | $7.36M | $7.29M | $7.22M | $7.16M | $4.98M | $5.30M | $4.66M | $4.39M | $5.10M | $4.36M | $3.98M | $3.83M | $4.80M | $4.36M | $4.53M | $7.31M | $4.39M | $2.80M | $3.73M | $6.65M | $4.69M | $5.66M | $6.61M | $6.04M | $6.73M | $5.14M | $5.61M | $6.10M | $5.40M | $6.44M |
| High Forecast | $7.54M | $7.47M | $7.41M | $7.34M | $5.11M | $5.44M | $4.77M | $4.50M | $5.22M | $4.47M | $4.08M | $3.92M | $4.92M | $4.49M | $4.64M | $8.77M | $4.47M | $2.97M | $3.83M | $7.98M | $4.80M | $6.79M | $6.61M | $7.25M | $8.08M | $6.17M | $6.73M | $7.32M | $6.49M | $7.73M |
| Low Forecast | $7.25M | $7.18M | $7.12M | $7.06M | $4.91M | $5.23M | $4.59M | $4.33M | $5.02M | $4.30M | $3.92M | $3.77M | $4.73M | $4.23M | $4.47M | $5.85M | $4.29M | $2.59M | $3.68M | $5.32M | $4.62M | $4.53M | $6.61M | $4.83M | $5.39M | $4.12M | $4.49M | $4.88M | $4.32M | $5.16M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1594.58% | 2.35% | 1.86% | 1.17% | 1.57% | 1.04% | - | 1.00% | 1.02% | 1.10% | 1.04% | 1.00% | 0.91% | 0.79% |
Genco Shipping & Trading's average Quarter SG&A projection for Jun 24 is $4.53M, based on 2 Wall Street analysts, with a range of $4.47M to $4.64M. The forecast indicates a -40.88% fall compared to GNK last annual SG&A of $7.66M (Mar 24).
Genco Shipping & Trading EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 5 | 1 | 2 | 2 | 2 | 10 | 10 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.44 | - | $-0.75 | $0.27 | $0.06 | $0.67 | $0.96 | - | $0.99 | $2.10 | $1.36 | $0.76 | $0.05 | $-1.57 | $-0.50 |
| Avg Forecast | $0.75 | $0.74 | $0.72 | $0.70 | $0.72 | $0.78 | $0.64 | $0.61 | $0.69 | $0.48 | $0.35 | $0.32 | $0.59 | $0.40 | $0.44 | $0.48 | $0.44 | $-0.14 | $0.24 | $0.12 | $0.64 | $1.06 | $1.17 | $0.99 | $1.99 | $1.44 | $0.77 | $0.05 | $0.09 | $0.01 |
| High Forecast | $0.77 | $0.77 | $0.75 | $0.73 | $0.75 | $0.80 | $0.66 | $0.63 | $0.71 | $0.49 | $0.37 | $0.33 | $0.61 | $0.48 | $0.45 | $0.49 | $0.50 | $-0.14 | $0.25 | $0.12 | $0.67 | $1.09 | $1.17 | $1.34 | $2.69 | $1.94 | $1.05 | $0.07 | $0.12 | $0.02 |
| Low Forecast | $0.74 | $0.73 | $0.71 | $0.69 | $0.71 | $0.76 | $0.63 | $0.59 | $0.68 | $0.47 | $0.35 | $0.31 | $0.58 | $0.29 | $0.43 | $0.47 | $0.33 | $-0.15 | $0.23 | $0.12 | $0.63 | $1.04 | $1.17 | $0.86 | $1.73 | $1.25 | $0.67 | $0.04 | $0.08 | $0.01 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 0.00% | 5.18% | 1.14% | 0.51% | 1.04% | 0.91% | - | 1.00% | 1.05% | 0.94% | 0.98% | 0.99% | -17.29% | -33.65% |
According to 2 Wall Street analysts, Genco Shipping & Trading's projected average Quarter EPS for Jun 24 is $0.44, with a low estimate of $0.43 and a high estimate of $0.45. This represents a -0.65% decrease compared to GNK previous annual EPS of $0.44 (Mar 24).
Genco Shipping & Trading Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| GOGL | Golden Ocean Group | $11.37 | $16.75 | 47.32% | Hold |
| SBLK | Star Bulk Carriers | $19.87 | $27.33 | 37.54% | Buy |
| DAC | Danaos | $77.07 | $105.00 | 36.24% | Buy |
| DSX | Diana Shipping | $2.31 | $3.00 | 29.87% | Hold |
| GSL | Global Ship Lease | $23.11 | $29.00 | 25.49% | Buy |
| GNK | Genco Shipping & Trading | $16.63 | $20.67 | 24.29% | Buy |
| CMRE | Costamare | $13.15 | $14.50 | 10.27% | Buy |
| ASC | Ardmore Shipping | $17.22 | $17.50 | 1.63% | Buy |
GNK Forecast FAQ
Is Genco Shipping & Trading a good buy?
Yes, according to 4 Wall Street analysts, Genco Shipping & Trading (GNK) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 100.00% of GNK's total ratings.
What is GNK's price target?
Genco Shipping & Trading (GNK) average price target is $20.67 with a range of $20 to $22, implying a 24.29% from its last price of $16.63. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Genco Shipping & Trading stock go up soon?
According to Wall Street analysts' prediction for GNK stock, the company can go up by 24.29% (from the last price of $16.63 to the average price target of $20.67), up by 32.29% based on the highest stock price target, and up by 20.26% based on the lowest stock price target.
Can Genco Shipping & Trading stock reach $20?
GNK's average twelve months analyst stock price target of $20.67 supports the claim that Genco Shipping & Trading can reach $20 in the near future.
What is Genco Shipping & Trading's current price target trend?
1 Wall Street analyst forecast a $22 price target for Genco Shipping & Trading (GNK) this month, up 32.29% from its last price of $16.63. Compared to the last 3 and 12 months, the average price target increased by 32.29% and increased by 32.29%, respectively.
What are Genco Shipping & Trading's analysts' financial forecasts?
Genco Shipping & Trading's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $319.49M (high $327.48M, low $314.84M), average EBITDA is $100.07M (high $102.57M, low $98.61M), average net income is $119.92M (high $123.82M, low $117.65M), average SG&A $19.34M (high $19.82M, low $19.06M), and average EPS is $2.75 (high $2.84, low $2.69). GNK's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $479.65M (high $491.64M, low $472.66M), average EBITDA is $150.23M (high $153.98M, low $148.04M), average net income is $127.54M (high $131.69M, low $125.13M), average SG&A $29.03M (high $29.76M, low $28.61M), and average EPS is $2.92 (high $3.02, low $2.87).
Did the GNK's actual financial results beat the analysts' financial forecasts?
Based on Genco Shipping & Trading's last annual report (Dec 2023), the company's revenue was $383.82B, beating the average analysts forecast of $236.02M by 162522.20%. Apple's EBITDA was $60.62B, beating the average prediction of $73.92M by 81900.85%. The company's net income was $-12.87B, missing the average estimation of $69.05M by -18738.12%. Apple's SG&A was $28.27B, beating the average forecast of $17.57M by 160797.03%. Lastly, the company's EPS was $-0.0003, missing the average prediction of $0.652 by -100.05%. In terms of the last quarterly report (Mar 2024), Genco Shipping & Trading's revenue was $117.44M, beating the average analysts' forecast of $77.31M by 51.90%. The company's EBITDA was $39.32M, missing the average prediction of $70.59M by -44.31%. Genco Shipping & Trading's net income was $18.8M, missing the average estimation of $50.44M by -62.73%. The company's SG&A was $7.66M, beating the average forecast of $7.31M by 4.81%. Lastly, the company's EPS was $0.44, missing the average prediction of $0.476 by -7.60%