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 23.32% upside from GNK’s last price of $15.95) 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 23.32% upside from GNK's last price of $15.95.
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% | 6.58% |
| Sep 04, 2024 | Chris Robertson | Deutsche Bank | $22.00 | $17.04 | 29.11% | 37.93% |
| Mar 28, 2023 | Benjamin Nolan | Stifel Nicolaus | $20.00 | $15.31 | 30.59% | 25.39% |
| Mar 13, 2023 | Omar Nokta | Jefferies | $20.00 | $16.35 | 22.32% | 25.39% |
| May 05, 2022 | - | Jefferies | $29.00 | $23.28 | 24.57% | 81.82% |
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 6.58% increase from GNK last price ($15.95).
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 | $15.95 | $15.95 | $15.95 |
| Upside/Downside | 6.58% | 22.26% | 22.26% |
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 6.58% increase as opposed to Genco Shipping & Trading's last price of $15.95. 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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $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 | $121.55M | $120.45M | $119.36M | $118.28M | $78.38M | $83.45M | $73.24M | $69.18M | $80.84M | $70.97M | $64.22M | $60.85M | $77.93M | $72.03M | $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 | $121.55M | $120.45M | $119.36M | $118.28M | $78.38M | $83.45M | $73.24M | $69.18M | $80.84M | $70.97M | $64.22M | $60.85M | $77.93M | $75.67M | $74.86M | $77.31M | $73.81M | $49.07M | $61.69M | $55.58M | $77.43M | $94.90M | $109.14M | $91.85M | $131.66M | $107.58M | $77.47M | $46.85M | $54.31M | $53.51M |
| Low Forecast | $121.55M | $120.45M | $119.36M | $118.28M | $78.38M | $83.45M | $73.24M | $69.18M | $80.84M | $70.97M | $64.22M | $60.85M | $77.93M | $69.73M | $74.86M | $77.31M | $70.95M | $42.83M | $61.69M | $55.58M | $77.43M | $94.90M | $109.14M | $91.85M | $131.66M | $107.58M | $77.47M | $46.85M | $54.31M | $53.51M |
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 9 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 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 Jun 24 based on 4 analysts is $74.86M, with a low forecast of $74.86M, and a high forecast of $74.86M. 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 9 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $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 | $38.07M | $37.73M | $37.39M | $37.05M | $24.55M | $26.14M | $22.94M | $21.67M | $25.32M | $22.23M | $20.12M | $19.06M | $24.41M | $22.56M | $23.45M | $70.59M | $22.72M | $14.47M | $19.32M | $17.41M | $24.25M | $29.72M | $34.18M | $58.34M | $41.24M | $33.69M | $24.26M | $20.31M | $17.01M | $16.76M |
| High Forecast | $38.07M | $37.73M | $37.39M | $37.05M | $24.55M | $26.14M | $22.94M | $21.67M | $25.32M | $22.23M | $20.12M | $19.06M | $24.41M | $23.70M | $23.45M | $84.71M | $23.12M | $15.37M | $19.32M | $17.41M | $24.25M | $29.72M | $34.18M | $70.01M | $41.24M | $33.69M | $24.26M | $24.37M | $17.01M | $16.76M |
| Low Forecast | $38.07M | $37.73M | $37.39M | $37.05M | $24.55M | $26.14M | $22.94M | $21.67M | $25.32M | $22.23M | $20.12M | $19.06M | $24.41M | $21.84M | $23.45M | $56.47M | $22.22M | $13.41M | $19.32M | $17.41M | $24.25M | $29.72M | $34.18M | $46.67M | $41.24M | $33.69M | $24.26M | $16.25M | $17.01M | $16.76M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.56% | 1044.89% | -0.92% | 1.60% | 1.22% | 1.28% | 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 Jun 24 to be $23.45M, with a high of $23.45M and a low of $23.45M. 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 9 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $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 | $32.34M | $32.12M | $31.28M | $30.46M | $30.02M | $32.44M | $27.25M | $24.95M | $26.74M | $19.59M | $14.97M | $13.15M | $24.10M | $17.93M | $19.09M | $50.44M | $19.15M | $-6.32M | $10.37M | $45.86M | $98.41M | $46.31M | $51.02M | $41.69M | $86.92M | $62.93M | $33.84M | $1.98M | $3.97M | $648.72K |
| High Forecast | $32.34M | $32.12M | $31.28M | $30.46M | $30.02M | $32.44M | $27.25M | $24.95M | $26.74M | $19.59M | $14.97M | $13.15M | $24.10M | $23.17M | $19.09M | $60.53M | $21.74M | $-6.32M | $10.37M | $55.03M | $118.09M | $46.31M | $51.32M | $50.03M | $89.08M | $62.93M | $33.84M | $2.38M | $3.97M | $648.72K |
| Low Forecast | $32.34M | $32.12M | $31.28M | $30.46M | $30.02M | $32.44M | $27.25M | $24.95M | $26.74M | $19.59M | $14.97M | $13.15M | $24.10M | $12.24M | $19.08M | $40.35M | $14.49M | $-6.32M | $10.37M | $36.69M | $78.73M | $46.31M | $50.72M | $33.35M | $84.76M | $62.93M | $33.84M | $1.59M | $3.97M | $648.72K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.37% | 257.77% | 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 Jun 24 is $19.09M, with a range of $19.08M to $19.09M. 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 9 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $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 | $7.36M | $7.29M | $7.22M | $7.16M | $4.74M | $5.05M | $4.43M | $4.19M | $4.89M | $4.30M | $3.89M | $3.68M | $4.72M | $4.36M | $4.53M | $7.31M | $4.39M | $2.80M | $3.73M | $6.65M | $7.41M | $5.74M | $6.61M | $6.04M | $7.97M | $6.51M | $4.69M | $6.10M | $3.29M | $3.24M |
| High Forecast | $7.36M | $7.29M | $7.22M | $7.16M | $4.74M | $5.05M | $4.43M | $4.19M | $4.89M | $4.30M | $3.89M | $3.68M | $4.72M | $4.58M | $4.53M | $8.77M | $4.47M | $2.97M | $3.73M | $7.98M | $8.89M | $5.74M | $6.61M | $7.25M | $7.97M | $6.51M | $4.69M | $7.32M | $3.29M | $3.24M |
| Low Forecast | $7.36M | $7.29M | $7.22M | $7.16M | $4.74M | $5.05M | $4.43M | $4.19M | $4.89M | $4.30M | $3.89M | $3.68M | $4.72M | $4.22M | $4.53M | $5.85M | $4.29M | $2.59M | $3.73M | $5.32M | $5.93M | $5.74M | $6.61M | $4.83M | $7.97M | $6.51M | $4.69M | $4.88M | $3.29M | $3.24M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1594.58% | 2.35% | 1.86% | 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 Jun 24 is $4.53M, based on 4 Wall Street analysts, with a range of $4.53M to $4.53M. 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 9 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $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 | $0.74 | $0.74 | $0.72 | $0.70 | $0.69 | $0.74 | $0.62 | $0.57 | $0.61 | $0.45 | $0.34 | $0.30 | $0.55 | $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 | $0.74 | $0.74 | $0.72 | $0.70 | $0.69 | $0.74 | $0.62 | $0.57 | $0.61 | $0.45 | $0.34 | $0.30 | $0.55 | $0.53 | $0.44 | $0.48 | $0.50 | $-0.14 | $0.24 | $0.12 | $0.64 | $1.06 | $1.18 | $0.99 | $2.04 | $1.44 | $0.77 | $0.05 | $0.09 | $0.01 |
| Low Forecast | $0.74 | $0.74 | $0.72 | $0.70 | $0.69 | $0.74 | $0.62 | $0.57 | $0.61 | $0.45 | $0.34 | $0.30 | $0.55 | $0.28 | $0.44 | $0.48 | $0.33 | $-0.14 | $0.24 | $0.12 | $0.64 | $1.06 | $1.16 | $0.99 | $1.94 | $1.44 | $0.77 | $0.05 | $0.09 | $0.01 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 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 Jun 24 is $0.44, with a low estimate of $0.44 and a high estimate of $0.44. 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 | $10.76 | $16.75 | 55.67% | Hold |
| DSX | Diana Shipping | $2.21 | $3.00 | 35.75% | Hold |
| DAC | Danaos | $81.95 | $105.00 | 28.13% | Buy |
| GNK | Genco Shipping & Trading | $15.95 | $19.67 | 23.32% | Buy |
| GSL | Global Ship Lease | $24.06 | $29.00 | 20.53% | Buy |
| SBLK | Star Bulk Carriers | $19.04 | $22.58 | 18.59% | Buy |
| ASC | Ardmore Shipping | $14.04 | $15.17 | 8.05% | Buy |
| CMRE | Costamare | $13.73 | $14.50 | 5.61% | 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 $19.67 with a range of $17 to $22, implying a 23.32% from its last price of $15.95. 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 23.32% (from the last price of $15.95 to the average price target of $19.67), up by 37.93% based on the highest stock price target, and up by 6.58% based on the lowest stock price target.
Can Genco Shipping & Trading stock reach $20?
GNK's highest twelve months analyst stock price target of $22 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 $17 price target for Genco Shipping & Trading (GNK) this month, up 6.58% from its last price of $15.95. Compared to the last 3 and 12 months, the average price target increased by 22.26% and increased by 22.26%, 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 $304.25M (high $304.25M, low $304.25M), average EBITDA is $95.29M (high $95.29M, low $95.29M), average net income is $114.66M (high $114.66M, low $114.66M), average SG&A $18.42M (high $18.42M, low $18.42M), and average EPS is $2.63 (high $2.63, low $2.63). GNK's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $479.65M (high $479.65M, low $479.65M), average EBITDA is $150.23M (high $150.23M, low $150.23M), average net income is $126.21M (high $126.21M, low $126.21M), average SG&A $29.03M (high $29.03M, low $29.03M), and average EPS is $2.89 (high $2.89, low $2.89).
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%