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. Star Bulk Carriers (NASDAQ:SBLK)
The Component Grade breakdown for Star Bulk Carriers (NASDAQ:SBLK) is: Value: B, Growth: B, Momentum: B, Sentiment: C, Safety: C, Financials: B, and AI: B.
Star Bulk Carriers (NASDAQ:SBLK) has a Due Diligence Score of 57, which is 26 points higher than the shipping industry average of 31.
SBLK passed 20 out of 38 due diligence checks and has strong fundamentals. Star Bulk Carriers has seen its stock return 63.71% over the past year, overperforming other shipping stocks by 163 percentage points.
Star Bulk Carriers has an average 1 year
price target of $31.00, a downside of -4.56% from Star Bulk Carriers's current stock price of $32.48.
Star Bulk Carriers stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst 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.
2. Okeanis Eco Tankers (NYSE:ECO)
The Component Grade breakdown for Okeanis Eco Tankers (NYSE:ECO) is: Value: B, Growth: B, Momentum: A, Sentiment: B, Safety: D, Financials: A, and AI: B.
Okeanis Eco Tankers (NYSE:ECO) has a Due Diligence Score of 52, which is 21 points higher than the shipping industry average of 31.
ECO passed 20 out of 38 due diligence checks and has strong fundamentals. Okeanis Eco Tankers has seen its stock return 181.38% over the past year, overperforming other shipping stocks by 281 percentage points.
Okeanis Eco Tankers has an average 1 year
price target of $75.00, a downside of -11.71% from Okeanis Eco Tankers's current stock price of $84.95.
Okeanis Eco Tankers stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Okeanis Eco Tankers, 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. Eurodry (NASDAQ:EDRY)
Eurodry (NASDAQ:EDRY) is the #3 top shipping stock out of 45 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year.
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The Component Grade breakdown for Eurodry (NASDAQ:EDRY) is: Value: B, Growth: A, Momentum: B, Sentiment: B, Safety: C, Financials: B, and AI: C.
Eurodry (NASDAQ:EDRY) has a Due Diligence Score of 33, which is 2 points higher than the shipping industry average of 31.
EDRY passed 11 out of 33 due diligence checks and has average fundamentals. Eurodry has seen its stock return 429.08% over the past year, overperforming other shipping stocks by 528 percentage points.