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Best Shipping Stocks to Buy Now (2024)
Top shipping stocks in 2024 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
DAC
DANAOS CORP
NYSE
Marine Shipping
$1.40B$71.96-0.15%$726.05M2.48x0.21
ESEA
EUROSEAS LTD
NASDAQ
Marine Shipping
$230.07M$32.80-0.91%$143.82M1.98x0.59
SBLK
STAR BULK CARRIERS CORP
NASDAQ
Marine Shipping
$1.97B$23.491.69%$393.28M13.35x0.82
GASS
STEALTHGAS INC
NASDAQ
Marine Shipping
$220.58M$5.80-0.68%$85.70M4.20x0.27
PXS
PYXIS TANKERS INC
NASDAQ
Marine Shipping
$48.71M$4.620.43%$48.38M1.37x0.68
TORO
TORO CORP
NASDAQ
Marine Shipping
$81.99M$4.32-3.57%$148.79M0.50x0.74
SB
SAFE BULKERS INC
NYSE
Marine Shipping
$532.37M$4.771.27%$156.19M7.82x0.69
CMRE
COSTAMARE INC
NYSE
Marine Shipping
$1.26B$10.68-1.39%$696.52M3.62x1.20
CPLP
CAPITAL PRODUCT PARTNERS LP
NASDAQ
Marine Shipping
$923.48M$16.931.14%N/A7.87x1.67
ECO
OKEANIS ECO TANKERS CORP
NYSE
Marine Shipping
$968.08M$30.07-1.73%$246.81M6.67x1.77
KEX
KIRBY CORP
NYSE
Marine Shipping
$5.56B$94.97-0.12%$557.32M25.39x0.80
ASC
ARDMORE SHIPPING CORP
NYSE
Marine Shipping
$643.94M$15.59-1.70%$160.01M5.65x0.22
DSX
DIANA SHIPPING INC
NYSE
Marine Shipping
$326.76M$2.89-0.34%$148.96M6.57x1.39
PSHG
PERFORMANCE SHIPPING INC
NASDAQ
Marine Shipping
$24.44M$1.99-5.46%$81.32M0.37x0.27
MATX
MATSON INC
NYSE
Marine Shipping
$3.61B$104.64-1.26%$671.60M12.43x0.79
CTRM
CASTOR MARITIME INC
NASDAQ
Marine Shipping
$33.24M$3.44-1.99%$72.16M0.88x0.31
CISS
C3IS INC
NASDAQ
Marine Shipping
$105.87k$1.450.69%$14.76M0.01x0.72
GOGL
GOLDEN OCEAN GROUP LTD
NASDAQ
Marine Shipping
$2.60B$13.04-0.38%$356.64M23.29x0.82
PANL
PANGAEA LOGISTICS SOLUTIONS LTD
NASDAQ
Marine Shipping
$315.84M$6.762.58%$73.42M11.46x1.03
GSL
GLOBAL SHIP LEASE INC
NYSE
Marine Shipping
$745.99M$21.20-0.14%$433.42MN/A0.83
GLBS
GLOBUS MARITIME LTD
NASDAQ
Marine Shipping
$41.66M$2.020.95%$18.54M7.78x0.32
CDLR
CADELER A
NYSE
Marine Shipping
$1.38B$17.73-0.56%$42.43M67.93x0.31
NMM
NAVIOS MARITIME PARTNERS LP
NYSE
Marine Shipping
$1.25B$41.39-1.50%$785.11M2.94x0.86
CLCO
COOL CO LTD
NYSE
Marine Shipping
$571.40M$10.64-0.56%$332.10M3.27x1.70
GNK
GENCO SHIPPING & TRADING LTD
NYSE
Marine Shipping
$866.57M$20.280.10%$63.83M-67.60x0.25
OP
OCEANPAL INC
NASDAQ
Marine Shipping
$18.84M$2.530.40%$6.60M-1.25x0.03
SHIP
SEANERGY MARITIME HOLDINGS CORP
NASDAQ
Marine Shipping
$187.53M$9.552.91%$47.65M79.58x1.09
NAT
NORDIC AMERICAN TANKERS LTD
NYSE
Marine Shipping
$787.16M$3.77-2.08%$92.60M53.86x0.63
SMHI
SEACOR MARINE HOLDINGS INC
NYSE
Marine Shipping
$326.14M$12.00-1.40%$90.81M-35.29x1.09
EDRY
EURODRY LTD
NASDAQ
Marine Shipping
$57.30M$20.23-0.05%$14.54M-19.27x1.02
ZIM
ZIM INTEGRATED SHIPPING SERVICES LTD
NYSE
Marine Shipping
$1.19B$9.86-3.52%-$904.70M-0.44x2.40
SFL
SFL CORP LTD
NYSE
Marine Shipping
$1.71B$12.46-1.11%$476.06M18.60x2.59
CACO
CARAVELLE INTERNATIONAL GROUP
NASDAQ
Marine Shipping
$57.00M$1.146.54%N/A-0.01x7.25
USEA
UNITED MARITIME CORP
NASDAQ
Marine Shipping
$21.56M$2.48-1.98%$16.48M124.00x1.65
TOPS
TOP SHIPS INC
NASDAQ
Marine Shipping
$58.98M$12.75-0.39%$52.64M-1.02x1.98
KNOP
KNOT OFFSHORE PARTNERS LP
NYSE
Marine Shipping
$170.91M$5.020.80%$144.05M-4.22x1.89
GRIN
GRINDROD SHIPPING HOLDINGS LTD
NASDAQ
Marine Shipping
$270.68M$13.75-1.52%$65.81M-28.06x0.87
HSHP
HIMALAYA SHIPPING LTD
NYSE
Marine Shipping
$338.03M$7.70-1.41%$24.23M192.50x2.89

Shipping Stocks FAQ

What are the best shipping stocks to buy right now in Apr 2024?

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

1. Danaos (NYSE:DAC)


Danaos (NYSE:DAC) is the top shipping stock with a Zen Score of 73, which is 41 points higher than the shipping industry average of 32. It passed 27 out of 38 due diligence checks and has strong fundamentals. Danaos has seen its stock return 18.77% over the past year, underperforming other shipping stocks by -6 percentage points.

Danaos has an average 1 year price target of $90.00, an upside of 25.07% from Danaos's current stock price of $71.96.

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.

2. Euroseas (NASDAQ:ESEA)


Euroseas (NASDAQ:ESEA) is the second best shipping stock with a Zen Score of 67, which is 35 points higher than the shipping industry average of 32. It passed 24 out of 38 due diligence checks and has strong fundamentals. Euroseas has seen its stock return 62.86% over the past year, overperforming other shipping stocks by 38 percentage points.

3. Star Bulk Carriers (NASDAQ:SBLK)


Star Bulk Carriers (NASDAQ:SBLK) is the third best shipping stock with a Zen Score of 65, which is 33 points higher than the shipping industry average of 32. It passed 24 out of 38 due diligence checks and has strong fundamentals. Star Bulk Carriers has seen its stock return 5.57% over the past year, underperforming other shipping stocks by -19 percentage points.

Star Bulk Carriers has an average 1 year price target of $53.50, an upside of 127.76% from Star Bulk Carriers's current stock price of $23.49.

Star Bulk Carriers stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Star Bulk Carriers, 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 19 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 N/A, which is N/A percentage points lower than the shipping industry average of 5.49%.

Zim Integrated Shipping Services's dividend payout ratio of -28.5% indicates that its dividend yield might not be sustainable for the long-term.

2. Diana Shipping (NYSE:DSX)


Diana Shipping (NYSE:DSX) has an annual dividend yield of 18.17%, which is 13 percentage points higher than the shipping industry average of 5.49%. Diana Shipping's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Diana Shipping's dividend has not shown consistent growth over the last 10 years.

Diana Shipping's dividend payout ratio of 119.3% indicates that its high dividend yield might not be sustainable for the long-term.

3. Nordic American Tankers (NYSE:NAT)


Nordic American Tankers (NYSE:NAT) has an annual dividend yield of 12.2%, which is 7 percentage points higher than the shipping industry average of 5.49%. Nordic American Tankers's dividend payout is not stable, having dropped more than 10% fourteen times in the last 10 years. Nordic American Tankers's dividend has not shown consistent growth over the last 10 years.

Nordic American Tankers's dividend payout ratio of 357.1% indicates that its high dividend yield might not be sustainable for the long-term.

Why are shipping stocks down?

Shipping stocks were down -0.58% in the last day, and down -4.22% 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. Stealthgas (NASDAQ:GASS)


Stealthgas (NASDAQ:GASS) is the most undervalued shipping stock based on WallStreetZen's Valuation Score. Stealthgas has a valuation score of 100, which is 64 points higher than the shipping industry average of 36. It passed 7 out of 7 valuation due diligence checks.

Stealthgas's stock has gained 107.14% in the past year. It has overperformed other stocks in the shipping industry by 83 percentage points.

2. Star Bulk Carriers (NASDAQ:SBLK)


Star Bulk Carriers (NASDAQ:SBLK) is the second most undervalued shipping stock based on WallStreetZen's Valuation Score. Star Bulk Carriers has a valuation score of 86, which is 50 points higher than the shipping industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Star Bulk Carriers's stock has gained 5.57% in the past year. It has underperformed other stocks in the shipping industry by -19 percentage points.

3. Costamare (NYSE:CMRE)


Costamare (NYSE:CMRE) is the third most undervalued shipping stock based on WallStreetZen's Valuation Score. Costamare has a valuation score of 71, which is 35 points higher than the shipping industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Costamare's stock has gained 6.27% in the past year. It has underperformed other stocks in the shipping industry by -18 percentage points.

Are shipping stocks a good buy now?

83.33% of shipping stocks rated by analysts are a strong buy right now. On average, analysts expect shipping stocks to rise by 26.66% 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 15.79x.
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