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 40 points higher than the shipping industry average of 33. It passed 27 out of 38 due diligence checks and has strong fundamentals. Danaos has seen its stock return 44.04% over the past year, underperforming other shipping stocks by -12 percentage points.
Danaos has an average 1 year
price target of $90.00, an upside of 4.82% from Danaos's current stock price of $85.86.
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 34 points higher than the shipping industry average of 33. It passed 24 out of 38 due diligence checks and has strong fundamentals. Euroseas has seen its stock return 88.58% over the past year, overperforming other shipping stocks by 33 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 32 points higher than the shipping industry average of 33. It passed 24 out of 38 due diligence checks and has strong fundamentals. Star Bulk Carriers has seen its stock return 40.78% over the past year, underperforming other shipping stocks by -15 percentage points.
Star Bulk Carriers has an average 1 year
price target of $53.50, an upside of 104.2% from Star Bulk Carriers's current stock price of $26.20.
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.