Safe Bulkers, Inc (SB) Given Average Recommendation of "Hold" by Analysts

Brunilde Fioravanti
Agosto 16, 2017

Accern also assigned media coverage about the shipping company an impact score of 46.1262421397245 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Below is a list of Scorpio Bulkers Inc (NYSE:SALT) latest ratings and price target changes.

Several research firms have weighed in on SB. Morgan Stanley assumed coverage on shares of Scorpio Bulkers in a research note on Tuesday, March 28th. Stifel Nicolaus maintained the shares of SB in report on Tuesday, July 18 with "Hold" rating. Stifel Nicolaus reissued a "hold" rating and issued a $2.25 target price on shares of Safe Bulkers in a research note on Wednesday, July 19th. TheStreet raised Safe Bulkers from a "d+" rating to a "c-" rating in a report on Tuesday, June 13th.

Shares of Safe Bulkers (SB) traded down 0.38% during mid-day trading on Tuesday, reaching $2.61. Edge Asset Management Inc acquired 5,060 shares as Innospec Inc (IOSP)'s stock declined 12.46%. Scorpio Bulkers has a 52 week low of $3.03 and a 52 week high of $10.14. The firm's market cap is $291.93 million. The firm's 50 day moving average is $2.43 and its 200-day moving average is $2.01. The shipping company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.02, Briefing.com reports. Safe Bulkers's for the quarter end, revenue was upwards of 33.6% compared with the same period in the prior year. on consensus, Stock analysts expect that Safe Bulkers to post ($0.22) earnings per share for the financial year. Scorpio Bulkers had a negative return on equity of 7.52% and a negative net margin of 72.87%. The business's quarterly revenue was up 116.7% compared to the same quarter previous year. During the same period a year ago, the business posted ($0.15) EPS. On average, analysts anticipate that Safe Bulkers will post ($0.22) earnings per share for the current fiscal year. Kazazian Asset Management LLC increased its position in shares of Scorpio Bulkers by 19.9% in the second quarter. State Street Corp now owns 793,782 shares of the shipping company's stock worth $4,009,000 after buying an additional 266,870 shares during the period. Renaissance Technologies LLC increased its position in shares of Safe Bulkers by 335.2% in the first quarter. Zacks Investment Research upgraded shares of Safe Bulkers from a "sell" rating to a "hold" rating in a research report on Saturday, August 5th. Phoenix Investment Adviser LLC now owns 573,992 shares of the shipping company's stock worth $1,263,000 after buying an additional 21,775 shares during the last quarter. Hosking Partners LLP now owns 898,697 shares of the shipping company's stock worth $8,268,000 after buying an additional 406,926 shares during the last quarter. Goldman Sachs Group Inc. now owns 472,963 shares of the shipping company's stock worth $1,041,000 after buying an additional 171,813 shares during the period. Hedge funds and other institutional investors own 16.48% of the company's stock.

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Safe Bulkers, Inc is a holding company.

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