According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best shipping stocks to buy right now are:
1. Global Ship Lease (NYSE:GSL)
The Component Grade breakdown for Global Ship Lease (NYSE:GSL) is: Value: A, Growth: C, Momentum: C, Sentiment: B, Safety: D, Financials: A, and AI: C.
Global Ship Lease (NYSE:GSL) has a Due Diligence Score of 36, which is 10 points higher than the shipping industry average of 26.
GSL passed 13 out of 38 due diligence checks and has average fundamentals. Global Ship Lease has seen its stock return 12.31% over the past year, overperforming other shipping stocks by 35 percentage points.
Global Ship Lease has an average 1 year
price target of $33.00, an upside of 8.98% from Global Ship Lease's current stock price of $30.28.
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.
2. Euroseas (NASDAQ:ESEA)
Euroseas (NASDAQ:ESEA) is the #2 top shipping stock out of 48 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year.
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The Component Grade breakdown for Euroseas (NASDAQ:ESEA) is: Value: A, Growth: F, Momentum: B, Sentiment: B, Safety: D, Financials: B, and AI: C.
Euroseas (NASDAQ:ESEA) has a Due Diligence Score of 59, which is 33 points higher than the shipping industry average of 26.
ESEA passed 21 out of 38 due diligence checks and has strong fundamentals. Euroseas has seen its stock return 33.37% over the past year, overperforming other shipping stocks by 56 percentage points.
Euroseas has an average 1 year
price target of $62.00, an upside of 10.66% from Euroseas's current stock price of $56.03.
Euroseas stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst 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.
3. Knot Offshore Partners (NYSE:KNOP)
The Component Grade breakdown for Knot Offshore Partners (NYSE:KNOP) is: Value: C, Growth: C, Momentum: C, Sentiment: A, Safety: D, Financials: C, and AI: B.
Knot Offshore Partners (NYSE:KNOP) has a Due Diligence Score of 12, which is -14 points lower than the shipping industry average of 26. Although this number is below the industry average, our proven quant model rates KNOP as a "B".
KNOP passed 5 out of 38 due diligence checks and has weak fundamentals. Knot Offshore Partners has seen its stock return 3.57% over the past year, overperforming other shipping stocks by 26 percentage points.