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 $19.67 (represents a 14.76% upside from GNK’s last price of $17.14) 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 $19.67 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 $17.00. This represents a potential 14.76% upside from GNK's last price of $17.14.
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 |
|---|---|---|---|---|---|---|
| Oct 23, 2024 | Benjamin Nolan | Stifel Nicolaus | $17.00 | $16.36 | 3.91% | -0.82% |
| Sep 04, 2024 | Chris Robertson | Deutsche Bank | $22.00 | $17.04 | 29.11% | 28.35% |
| Mar 28, 2023 | Benjamin Nolan | Stifel Nicolaus | $20.00 | $15.31 | 30.59% | 16.69% |
| Mar 13, 2023 | Omar Nokta | Jefferies | $20.00 | $16.35 | 22.32% | 16.69% |
| May 05, 2022 | - | Jefferies | $29.00 | $23.28 | 24.57% | 69.19% |
The latest Genco Shipping & Trading stock forecast, released on Oct 23, 2024 by Benjamin Nolan from Stifel Nicolaus, set a price target of $17.00, which represents a 3.91% increase from the stock price at the time of the forecast ($16.36), and a -0.82% decrease from GNK last price ($17.14).
Genco Shipping & Trading Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 2 |
| Avg Price Target | $17.00 | $19.50 | $19.50 |
| Last Closing Price | $17.14 | $17.14 | $17.14 |
| Upside/Downside | -0.82% | 13.77% | 13.77% |
In the current month, the average price target of Genco Shipping & Trading stock is $17.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -0.82% decrease as opposed to Genco Shipping & Trading's last price of $17.14. This month's average price target is down -12.82% compared to last quarter, and down -12.82% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 23, 2024 | Jefferies | Buy | Buy | Hold |
| Sep 23, 2024 | B. Riley Securities | Buy | Buy | Hold |
| 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 Jefferies on Sep 23, 2024. The company gave GNK a "Buy" rating, the same as its previous rate.
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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $99.33B | - | $117.44M | $115.52B | $83.36M | $90.56M | $94.39M | $126.97M | $135.97M | $137.76M | $136.23M | $183.28M | $155.25M | $121.01M | $87.59M | $95.49M | $87.52M |
| Avg Forecast | $111.77M | $110.76M | $109.76M | $108.77M | $75.39M | $72.37M | $64.52M | $51.64M | $81.92M | $71.09M | $64.22M | $59.88M | $69.87M | $72.02M | $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 | $120.50M | $119.42M | $118.34M | $117.27M | $81.28M | $78.03M | $69.56M | $55.68M | $88.32M | $76.64M | $69.24M | $61.19M | $79.65M | $72.78M | $74.86M | $77.31M | $73.81M | $49.07M | $66.51M | $59.92M | $83.48M | $94.90M | $109.14M | $91.85M | $131.66M | $107.58M | $77.47M | $46.85M | $54.31M | $53.51M |
| Low Forecast | $105.54M | $104.59M | $103.64M | $102.71M | $71.19M | $68.34M | $60.93M | $48.76M | $77.36M | $67.13M | $60.64M | $58.57M | $64.33M | $71.25M | $74.86M | $77.31M | $70.95M | $42.83M | $58.25M | $52.48M | $73.11M | $94.90M | $109.14M | $91.85M | $131.66M | $107.58M | $77.47M | $46.85M | $54.31M | $53.51M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 9 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1379.31% | - | 1.52% | 1592.50% | 1.80% | 1.47% | 1.70% | 1.64% | 1.43% | 1.26% | 1.48% | 1.39% | 1.44% | 1.56% | 1.87% | 1.76% | 1.64% |
Genco Shipping & Trading's average Quarter revenue forecast for Dec 24 based on 4 analysts is $69.87M, with a low forecast of $64.33M, and a high forecast of $79.65M. GNK's average Quarter revenue forecast represents a -99.93% decrease compared to the company's last Quarter revenue of $99.33B (Sep 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 9 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $40.65B | - | $39.32M | $23.74B | $-13.33M | $30.82M | $21.19M | $31.00M | $59.26M | $64.90M | $58.52M | $108.43M | $75.62M | $50.62M | $20.31M | $-44.12M | $114.00K |
| Avg Forecast | $17.81M | $17.65M | $17.49M | $17.33M | $12.01M | $11.53M | $10.28M | $8.23M | $13.05M | $11.33M | $10.23M | $9.54M | $11.13M | $11.48M | $11.93M | $70.59M | $11.56M | $7.36M | $9.83M | $8.86M | $12.34M | $29.72M | $34.18M | $58.34M | $41.24M | $33.69M | $24.26M | $20.31M | $17.01M | $16.76M |
| High Forecast | $19.20M | $19.03M | $18.86M | $18.69M | $12.95M | $12.43M | $11.08M | $8.87M | $14.07M | $12.21M | $11.03M | $9.75M | $12.69M | $11.60M | $11.93M | $84.71M | $11.76M | $7.82M | $10.60M | $9.55M | $13.30M | $29.72M | $34.18M | $70.01M | $41.24M | $33.69M | $24.26M | $24.37M | $17.01M | $16.76M |
| Low Forecast | $16.82M | $16.67M | $16.52M | $16.37M | $11.34M | $10.89M | $9.71M | $7.77M | $12.33M | $10.70M | $9.66M | $9.33M | $10.25M | $11.35M | $11.93M | $56.47M | $11.30M | $6.82M | $9.28M | $8.36M | $11.65M | $29.72M | $34.18M | $46.67M | $41.24M | $33.69M | $24.26M | $16.25M | $17.01M | $16.76M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 3542.77% | - | 0.56% | 2053.85% | -1.81% | 3.14% | 2.39% | 2.51% | 1.99% | 1.90% | 1.00% | 2.63% | 2.24% | 2.09% | 1.00% | -2.59% | 0.01% |
4 analysts predict GNK's average Quarter EBITDA for Dec 24 to be $11.13M, with a high of $12.69M and a low of $10.25M. This is -99.97% lower than Genco Shipping & Trading's previous annual EBITDA (Sep 24) of $40.65B.
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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 9 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $21.46B | - | $18.80M | $4.94B | $-32.00M | $11.56M | $2.63M | $28.68M | $40.83M | $47.38M | $41.69M | $88.49M | $57.13M | $32.04M | $1.99M | $-65.92M | $-21.10M |
| Avg Forecast | $32.89M | $32.66M | $31.82M | $31.01M | $26.75M | $24.73M | $19.42M | $10.77M | $28.19M | $20.09M | $15.40M | $12.42M | $18.18M | $17.83M | $19.08M | $50.44M | $19.15M | $-6.32M | $10.36M | $45.86M | $98.41M | $46.31M | $51.02M | $41.69M | $86.92M | $62.93M | $33.84M | $1.98M | $3.97M | $648.72K |
| High Forecast | $36.23M | $35.98M | $35.05M | $34.16M | $29.47M | $27.24M | $21.39M | $11.87M | $31.05M | $22.13M | $16.96M | $16.56M | $27.28M | $18.39M | $19.09M | $60.53M | $21.74M | $-5.87M | $11.42M | $55.03M | $118.09M | $46.31M | $51.32M | $50.03M | $89.08M | $62.93M | $33.84M | $2.38M | $3.97M | $648.72K |
| Low Forecast | $30.50M | $30.30M | $29.52M | $28.76M | $24.82M | $22.94M | $18.01M | $9.99M | $26.15M | $18.63M | $14.28M | $9.25M | $14.05M | $17.27M | $19.08M | $40.35M | $14.49M | $-6.97M | $9.61M | $36.69M | $78.73M | $46.31M | $50.72M | $33.35M | $84.76M | $62.93M | $33.84M | $1.59M | $3.97M | $648.72K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1203.55% | - | 0.37% | 257.81% | 5.06% | 1.12% | 0.06% | 0.29% | 0.88% | 0.93% | 1.00% | 1.02% | 0.91% | 0.95% | 1.00% | -16.62% | -32.52% |
Genco Shipping & Trading's average Quarter net income forecast for Dec 24 is $18.18M, with a range of $14.05M to $27.28M. GNK's average Quarter net income forecast represents a -99.92% decrease compared to the company's last Quarter net income of $21.46B (Sep 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 9 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $6.83B | - | $7.66M | $7.00B | $6.58M | $6.93M | $7.75M | $7.37M | $5.91M | $6.38M | $6.04M | $6.84M | $5.66M | $5.85M | $6.10M | $4.91M | $5.12M |
| Avg Forecast | $6.46M | $6.40M | $6.34M | $6.29M | $4.36M | $4.18M | $3.73M | $2.98M | $4.73M | $4.11M | $3.71M | $3.46M | $4.04M | $4.16M | $4.33M | $7.31M | $4.19M | $2.67M | $3.57M | $6.65M | $7.41M | $5.74M | $6.61M | $6.04M | $7.97M | $6.51M | $4.69M | $6.10M | $3.29M | $3.24M |
| High Forecast | $6.96M | $6.90M | $6.84M | $6.78M | $4.70M | $4.51M | $4.02M | $3.22M | $5.10M | $4.43M | $4.00M | $3.54M | $4.60M | $4.21M | $4.33M | $8.77M | $4.27M | $2.84M | $3.84M | $7.98M | $8.89M | $5.74M | $6.61M | $7.25M | $7.97M | $6.51M | $4.69M | $7.32M | $3.29M | $3.24M |
| Low Forecast | $6.10M | $6.04M | $5.99M | $5.94M | $4.11M | $3.95M | $3.52M | $2.82M | $4.47M | $3.88M | $3.50M | $3.38M | $3.72M | $4.12M | $4.33M | $5.85M | $4.10M | $2.48M | $3.37M | $5.32M | $5.93M | $5.74M | $6.61M | $4.83M | $7.97M | $6.51M | $4.69M | $4.88M | $3.29M | $3.24M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1641.22% | - | 1.05% | 1669.97% | 2.47% | 1.94% | 1.17% | 1.00% | 1.03% | 0.97% | 1.00% | 0.86% | 0.87% | 1.25% | 1.00% | 1.49% | 1.58% |
Genco Shipping & Trading's average Quarter SG&A projection for Dec 24 is $4.04M, based on 4 Wall Street analysts, with a range of $3.72M to $4.60M. The forecast indicates a -99.94% fall compared to GNK last annual SG&A of $6.83B (Sep 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 9 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $497.79 | - | $0.44 | - | $-0.75 | $0.27 | $0.06 | $0.67 | $0.96 | $1.12 | $0.99 | $2.10 | $1.36 | $0.76 | $0.05 | $-1.57 | $-0.50 |
| Avg Forecast | $0.75 | $0.75 | $0.73 | $0.71 | $0.61 | $0.57 | $0.44 | $0.25 | $0.65 | $0.46 | $0.35 | $0.28 | $0.42 | $0.41 | $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 | $0.83 | $0.82 | $0.80 | $0.78 | $0.68 | $0.62 | $0.49 | $0.27 | $0.71 | $0.51 | $0.39 | $0.38 | $0.62 | $0.42 | $0.44 | $0.48 | $0.50 | $-0.13 | $0.26 | $0.13 | $0.71 | $1.06 | $1.18 | $0.99 | $2.04 | $1.44 | $0.77 | $0.05 | $0.09 | $0.01 |
| Low Forecast | $0.70 | $0.69 | $0.68 | $0.66 | $0.57 | $0.53 | $0.41 | $0.23 | $0.60 | $0.43 | $0.33 | $0.21 | $0.32 | $0.40 | $0.44 | $0.48 | $0.33 | $-0.16 | $0.22 | $0.11 | $0.60 | $1.06 | $1.16 | $0.99 | $1.94 | $1.44 | $0.77 | $0.05 | $0.09 | $0.01 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1218.85% | - | 0.92% | 0.00% | 5.18% | 1.14% | 0.51% | 1.04% | 0.91% | 0.96% | 1.00% | 1.05% | 0.94% | 0.98% | 0.99% | -17.29% | -33.65% |
According to 4 Wall Street analysts, Genco Shipping & Trading's projected average Quarter EPS for Dec 24 is $0.42, with a low estimate of $0.32 and a high estimate of $0.62. This represents a -99.92% decrease compared to GNK previous annual EPS of $497.79 (Sep 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 | $11.83 | $16.75 | 41.59% | Hold |
| DSX | Diana Shipping | $2.17 | $3.00 | 38.25% | Hold |
| GSL | Global Ship Lease | $23.33 | $29.00 | 24.30% | Buy |
| ASC | Ardmore Shipping | $12.32 | $15.17 | 23.13% | Buy |
| DAC | Danaos | $85.37 | $105.00 | 22.99% | Buy |
| SBLK | Star Bulk Carriers | $18.97 | $22.58 | 19.03% | Buy |
| GNK | Genco Shipping & Trading | $17.14 | $19.67 | 14.76% | Buy |
| CMRE | Costamare | $14.44 | $14.50 | 0.42% | Buy |