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. Okeanis Eco Tankers (NYSE:ECO)
The Component Grade breakdown for Okeanis Eco Tankers (NYSE:ECO) is: Value: B, Growth: C, Momentum: A, Sentiment: B, Safety: C, Financials: C, and AI: C.
Okeanis Eco Tankers (NYSE:ECO) has a Due Diligence Score of 43, which is 15 points higher than the shipping industry average of 28.
ECO passed 16 out of 38 due diligence checks and has strong fundamentals. Okeanis Eco Tankers has seen its stock return 104.57% over the past year, overperforming other shipping stocks by 96 percentage points.
Okeanis Eco Tankers has an average 1 year
price target of $55.00, an upside of 25.4% from Okeanis Eco Tankers's current stock price of $43.86.
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.
2. Knot Offshore Partners (NYSE:KNOP)
The Component Grade breakdown for Knot Offshore Partners (NYSE:KNOP) is: Value: A, Growth: C, Momentum: B, Sentiment: B, Safety: D, Financials: C, and AI: B.
Knot Offshore Partners (NYSE:KNOP) has a Due Diligence Score of 12, which is -16 points lower than the shipping industry average of 28. 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 88.15% over the past year, overperforming other shipping stocks by 80 percentage points.
3. Himalaya Shipping (NYSE:HSHP)
The Component Grade breakdown for Himalaya Shipping (NYSE:HSHP) is: Value: C, Growth: B, Momentum: A, Sentiment: C, Safety: D, Financials: C, and AI: C.
Himalaya Shipping (NYSE:HSHP) has a Due Diligence Score of 21, which is -7 points lower than the shipping industry average of 28. Although this number is below the industry average, our proven quant model rates HSHP as a "B".
HSHP passed 9 out of 38 due diligence checks and has weak fundamentals. Himalaya Shipping has seen its stock return 118.39% over the past year, overperforming other shipping stocks by 110 percentage points.