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Best Shipping Stocks to Buy Now (2023)
Top shipping stocks in 2023 ranked by overall Zen Score. See the best shipping stocks to buy now, according to analyst forecasts for the marine shipping industry.

Industry: Marine Shipping
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
ESEA
EUROSEAS LTD
NASDAQ
Marine Shipping
$130.44M$18.330.71%$129.84M1.24x0.95
DAC
DANAOS CORP
NYSE
Marine Shipping
$1.08B$53.030.42%$773.87M1.94x0.33
GSL
GLOBAL SHIP LEASE INC
NYSE
Marine Shipping
$658.91M$18.07-2.43%$256.91M3.89x1.80
GLBS
GLOBUS MARITIME LTD
NASDAQ
Marine Shipping
$21.61M$1.05-3.67%$36.85M0.89x0.32
EDRY
EURODRY LTD
NASDAQ
Marine Shipping
$49.07M$16.91-0.57%$48.15M1.45x0.75
CTRM
CASTOR MARITIME INC
NASDAQ
Marine Shipping
$69.07M$0.732.67%$154.32M0.58x0.37
PANL
PANGAEA LOGISTICS SOLUTIONS LTD
NASDAQ
Marine Shipping
$256.08M$5.510.18%$123.75M3.08x1.21
GNK
GENCO SHIPPING & TRADING LTD
NYSE
Marine Shipping
$649.30M$15.34-1.67%$229.28M4.10x0.21
MATX
MATSON INC
NYSE
Marine Shipping
$2.16B$59.93-3.93%$1.66B2.20x0.89
SBLK
STAR BULK CARRIERS CORP
NASDAQ
Marine Shipping
$2.10B$20.37-2.49%$786.19M3.68x0.70
CMRE
COSTAMARE INC
NYSE
Marine Shipping
$1.15B$9.25-0.86%N/A2.17x1.27
EGLE
EAGLE BULK SHIPPING INC
NYSE
Marine Shipping
$632.24M$46.12-2.16%$343.13M2.42x0.51
ZIM
ZIM INTEGRATED SHIPPING SERVICES LTD
NYSE
Marine Shipping
$2.88B$23.952.48%$7.65B0.62x0.97
SB
SAFE BULKERS INC
NYSE
Marine Shipping
$424.36M$3.57-1.65%$239.21M2.63x0.61
GOGL
GOLDEN OCEAN GROUP LTD
NASDAQ
Marine Shipping
$1.85B$9.22-1.71%$646.08M4.01x0.70
INSW
INTERNATIONAL SEAWAYS INC
NYSE
Marine Shipping
$2.16B$43.97-1.39%$556.09M5.60x0.76
CPLP
CAPITAL PRODUCT PARTNERS LP
NASDAQ
Marine Shipping
$253.50M$12.84-0.62%$250.11M2.07x2.13
NETI
ENETI INC
NYSE
Marine Shipping
$376.01M$9.780.82%$133.17M3.56x0.14
DSX
DIANA SHIPPING INC
NYSE
Marine Shipping
$387.84M$3.93-1.50%N/A2.77x1.43
ASC
ARDMORE SHIPPING CORP
NYSE
Marine Shipping
$617.80M$15.22-3.00%$187.64M4.19x0.46
SHIP
SEANERGY MARITIME HOLDINGS CORP
NASDAQ
Marine Shipping
$92.03M$5.32-2.92%$76.28M1.97x0.99
SFL
SFL CORP LTD
NYSE
Marine Shipping
$1.29B$9.28-1.59%$515.14M5.80x2.54
NMM
NAVIOS MARITIME PARTNERS LP
NYSE
Marine Shipping
$722.61M$23.94-0.83%$832.80M0.97x1.15
PXS
PYXIS TANKERS INC
NASDAQ
Marine Shipping
$55.30M$5.21-0.57%$23.93M4.42x1.27
GRIN
GRINDROD SHIPPING HOLDINGS LTD
NASDAQ
Marine Shipping
$214.60M$11.20-0.80%$188.53M2.06x0.91
KEX
KIRBY CORP
NYSE
Marine Shipping
$4.02B$67.04-3.01%$410.54M32.86x0.83
PSHG
PERFORMANCE SHIPPING INC
NASDAQ
Marine Shipping
$3.28M$0.81-2.29%N/A0.12x0.88
NM
NAVIOS MARITIME HOLDINGS INC
NYSE
Marine Shipping
$46.87M$1.86-2.11%$269.62M0.59x8.45
GASS
STEALTHGAS INC
NASDAQ
Marine Shipping
$100.50M$2.650.00%$29.34M-8.03x0.63
SMHI
SEACOR MARINE HOLDINGS INC
NYSE
Marine Shipping
$205.87M$7.68-0.39%$22.60M-2.86x1.15
KNOP
KNOT OFFSHORE PARTNERS LP
NYSE
Marine Shipping
$175.04M$5.16-2.64%$209.57MN/A1.91
NAT
NORDIC AMERICAN TANKERS LTD
NYSE
Marine Shipping
$753.15M$4.10-1.91%-$76.54M-3.90x0.71
TOPS
TOP SHIPS INC
NASDAQ
Marine Shipping
$2.58M$0.85-3.30%N/A-0.28x2.46
CACO
CARAVELLE INTERNATIONAL GROUP
NASDAQ
Marine Shipping
$8.27M$1.107.18%N/AN/A-18.42
OP
OCEANPAL INC
NASDAQ
Marine Shipping
$346.64k$0.391.03%-$75.35kN/A0.04

Shipping Stocks FAQ

What are the best shipping stocks to buy right now in Mar 2023?

According to Zen Score, the 3 best shipping stocks to buy right now are:

1. Euroseas (NASDAQ:ESEA)


Euroseas (NASDAQ:ESEA) is the top shipping stock with a Zen Score of 73, which is 34 points higher than the shipping industry average of 39. It passed 29 out of 38 due diligence checks and has strong fundamentals. Euroseas has seen its stock lose -42.01% over the past year, underperforming other shipping stocks by -4 percentage points.

Euroseas has an average 1 year price target of $43.00, an upside of 134.59% from Euroseas's current stock price of $18.33.

Euroseas stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Euroseas, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Danaos (NYSE:DAC)


Danaos (NYSE:DAC) is the second best shipping stock with a Zen Score of 70, which is 31 points higher than the shipping industry average of 39. It passed 25 out of 38 due diligence checks and has strong fundamentals. Danaos has seen its stock lose -49.33% over the past year, underperforming other shipping stocks by -11 percentage points.

Danaos has an average 1 year price target of $80.00, an upside of 50.86% from Danaos's current stock price of $53.03.

Danaos stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Danaos, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Global Ship Lease (NYSE:GSL)


Global Ship Lease (NYSE:GSL) is the third best shipping stock with a Zen Score of 67, which is 28 points higher than the shipping industry average of 39. It passed 27 out of 38 due diligence checks and has strong fundamentals. Global Ship Lease has seen its stock lose -37.56% over the past year, overperforming other shipping stocks by 1 percentage points.

Global Ship Lease has an average 1 year price target of $25.00, an upside of 38.35% from Global Ship Lease's current stock price of $18.07.

Global Ship Lease stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Global Ship Lease, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the shipping stocks with highest dividends?

Out of 22 shipping stocks that have issued dividends in the past year, the 3 shipping stocks with the highest dividend yields are:

1. Zim Integrated Shipping Services (NYSE:ZIM)


Zim Integrated Shipping Services (NYSE:ZIM) has an annual dividend yield of 44.05%, which is 32 percentage points higher than the shipping industry average of 11.84%.

Zim Integrated Shipping Services's dividend payout ratio of 71.6% indicates that its high dividend yield is sustainable for the long-term.

2. Knot Offshore Partners (NYSE:KNOP)


Knot Offshore Partners (NYSE:KNOP) has an annual dividend yield of 30.74%, which is 19 percentage points higher than the shipping industry average of 11.84%. Knot Offshore Partners's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Knot Offshore Partners's dividend has not shown consistent growth over the last 10 years.

3. Star Bulk Carriers (NASDAQ:SBLK)


Star Bulk Carriers (NASDAQ:SBLK) has an annual dividend yield of 25.04%, which is 13 percentage points higher than the shipping industry average of 11.84%. Star Bulk Carriers's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Star Bulk Carriers's dividend has shown consistent growth over the last 10 years.

Star Bulk Carriers's dividend payout ratio of 92.1% indicates that its high dividend yield might not be sustainable for the long-term.

Why are shipping stocks down?

Shipping stocks were down -1.53% in the last day, and down -1.63% over the last week.

We couldn't find a catalyst for why shipping stocks are down.

What are the most undervalued shipping stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued shipping stocks right now are:

1. Eurodry (NASDAQ:EDRY)


Eurodry (NASDAQ:EDRY) is the most undervalued shipping stock based on WallStreetZen's Valuation Score. Eurodry has a valuation score of 100, which is 54 points higher than the shipping industry average of 46. It passed 7 out of 7 valuation due diligence checks.

Eurodry's stock has dropped -43.29% in the past year. It has underperformed other stocks in the shipping industry by -5 percentage points.

2. Globus Maritime (NASDAQ:GLBS)


Globus Maritime (NASDAQ:GLBS) is the second most undervalued shipping stock based on WallStreetZen's Valuation Score. Globus Maritime has a valuation score of 100, which is 54 points higher than the shipping industry average of 46. It passed 7 out of 7 valuation due diligence checks.

Globus Maritime's stock has dropped -56.07% in the past year. It has underperformed other stocks in the shipping industry by -18 percentage points.

3. Pangaea Logistics Solutions (NASDAQ:PANL)


Pangaea Logistics Solutions (NASDAQ:PANL) is the third most undervalued shipping stock based on WallStreetZen's Valuation Score. Pangaea Logistics Solutions has a valuation score of 86, which is 40 points higher than the shipping industry average of 46. It passed 6 out of 7 valuation due diligence checks.

Pangaea Logistics Solutions's stock has dropped -2.99% in the past year. It has overperformed other stocks in the shipping industry by 35 percentage points.

Are shipping stocks a good buy now?

77.42% of shipping stocks rated by analysts are a strong buy right now. On average, analysts expect shipping stocks to rise by 50.83% over the next year.

What is the average p/e ratio of the marine shipping industry?

The average P/E ratio of the marine shipping industry is 7.41x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.