Sectors & Industries IndustrialsMarine Shipping
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

Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Graham Fair Value	Graham Fair Value %	P/E	Forward P/E	P/S	P/B	PEG	Free Cash Flow	Free Cash Flow Yield	Book Value	BVPS	EV	EV/EBITDA
DAC	DANAOS CORP	$71.96	$297.75	-75.83%	2.48x	2.12x	1.47x	0.46x	0.18x	$312.17M	21.82%	$3.02B	151.73	$1.53B	2.11
ESEA	EUROSEAS LTD	$32.80	$252.05	-86.99%	1.98x	1.48x	1.20x	0.86x	0.07x	$27.81M	12.23%	$266.58M	38.46	$295.76M	2.06
SBLK	STAR BULK CARRIERS CORP	$23.49	$85.36	-72.48%	13.35x	5.30x	2.44x	1.19x	0.11x	$568.65M	24.59%	$1.66B	16.86	$2.98B	7.57
GASS	STEALTHGAS INC	$5.80	$53.07	-89.07%	4.20x	N/A	1.50x	0.40x	0.04x	$157.46M	73.05%	$549.66M	14.79	$266.36M	3.11
PXS	PYXIS TANKERS INC	$4.62	$179.35	-97.42%	1.37x	N/A	1.09x	0.50x	0.01x	$53.65M	108.51%	$96.54M	9.02	$75.12M	1.55
TORO	TORO CORP	$4.32	$190.90	-97.74%	0.50x	N/A	0.85x	0.46x	0.01x	$156.83M	235.07%	$176.74M	11.44	-$68.03M	-0.46
SB	SAFE BULKERS INC	$4.77	$20.64	-76.89%	7.82x	3.91x	1.91x	0.67x	0.10x	-$56.12M	-10.36%	$792.51M	6.98	$941.50M	6.03
CMRE	COSTAMARE INC	$10.68	$45.39	-76.47%	3.62x	2.68x	0.85x	0.53x	0.13x	$292.11M	22.73%	$2.38B	19.81	$3.16B	4.53
CPLP	CAPITAL PRODUCT PARTNERS LP	$16.93	$78.50	-78.43%	7.87x	3.19x	0.99x	0.79x	0.09x	$189.38M	52.81%	$1.17B	55.47	$2.51B	N/A
ECO	OKEANIS ECO TANKERS CORP	$30.07	$112.65	-73.31%	6.67x	N/A	2.34x	2.37x	0.12x	$174.03M	17.98%	$408.13M	12.68	$1.61B	6.52
KEX	KIRBY CORP	$94.97	$45.84	107.16%	25.39x	20.51x	1.80x	1.74x	1.31x	$138.50M	2.49%	$3.19B	54.43	$6.71B	12.05
ASC	ARDMORE SHIPPING CORP	$15.59	N/A	N/A	5.65x	15.91x	1.62x	1.20x	N/A	$134.23M	20.93%	$537.40M	13.07	$691.12M	4.32
DSX	DIANA SHIPPING INC	$2.89	$13.47	-78.55%	6.57x	3.48x	1.10x	0.67x	0.09x	$75.20M	25.99%	$489.02M	4.88	$867.94M	5.83
PSHG	PERFORMANCE SHIPPING INC	$1.99	N/A	N/A	0.37x	N/A	0.19x	0.10x	N/A	$93.68M	448.69%	$233.18M	22.23	$12.15M	0.15
MATX	MATSON INC	$104.64	N/A	N/A	12.43x	18.72x	1.19x	1.50x	N/A	$263.30M	7.13%	$2.40B	68.01	$4.20B	6.25
CTRM	CASTOR MARITIME INC	$3.44	N/A	N/A	0.88x	N/A	0.34x	0.07x	N/A	$105.58M	320.67%	$461.18M	48.19	$5.32M	0.07
CISS	C3IS INC	$1.45	N/A	N/A	0.01x	N/A	0.00x	0.00x	N/A	$1.34M	1,703.38%	$55.54M	1,024.45	-$8.96M	-0.61
GOGL	GOLDEN OCEAN GROUP LTD	$13.04	$38.51	-66.14%	23.29x	7.20x	2.94x	1.35x	0.13x	-$116.37M	-4.47%	$1.92B	9.63	$3.95B	11.09
PANL	PANGAEA LOGISTICS SOLUTIONS LTD	$6.76	$4.30	57.31%	11.46x	N/A	0.61x	0.98x	2.23x	$43.79M	14.47%	$323.89M	7.23	$481.23M	6.55
GSL	GLOBAL SHIP LEASE INC	$21.20	N/A	N/A	N/A	2.03x	1.11x	0.63x	N/A	$228.48M	30.63%	$1.18B	33.66	$1.35B	3.11
GLBS	GLOBUS MARITIME LTD	$2.02	N/A	N/A	7.78x	N/A	1.34x	0.24x	N/A	$11.37M	27.27%	$175.97M	8.55	$19.81M	1.07
CDLR	CADELER A	$17.73	N/A	N/A	67.93x	N/A	11.69x	1.32x	N/A	-$1.90M	-0.14%	$1.04B	13.39	$1.50B	35.35
NMM	NAVIOS MARITIME PARTNERS LP	$41.39	N/A	N/A	2.94x	N/A	0.96x	0.45x	N/A	$354.30M	28.36%	$2.77B	91.78	$3.13B	3.99
CLCO	COOL CO LTD	$10.64	N/A	N/A	3.27x	N/A	1.51x	0.78x	N/A	$2.49M	0.43%	$735.99M	13.71	$1.50B	4.50
GNK	GENCO SHIPPING & TRADING LTD	$20.28	N/A	N/A	-67.60x	6.48x	2.26x	0.95x	N/A	-$2.23M	-0.26%	$913.26M	21.36	$1.01B	15.89
OP	OCEANPAL INC	$2.53	N/A	N/A	-1.25x	N/A	0.44x	0.20x	N/A	-$3.55M	-42.37%	$92.56M	27.92	$4.00M	0.61
SHIP	SEANERGY MARITIME HOLDINGS CORP	$9.55	N/A	N/A	79.58x	N/A	1.59x	0.82x	N/A	$49.07M	27.94%	$228.45M	12.42	$401.07M	8.42
NAT	NORDIC AMERICAN TANKERS LTD	$3.77	N/A	N/A	53.86x	N/A	2.24x	1.46x	N/A	$9.79M	1.27%	$539.98M	2.67	$1.03B	11.13
SMHI	SEACOR MARINE HOLDINGS INC	$12.00	N/A	N/A	-35.29x	N/A	1.16x	0.87x	N/A	$43.07M	13.25%	$373.90M	13.81	$563.08M	6.20
EDRY	EURODRY LTD	$20.23	N/A	N/A	-19.27x	N/A	1.17x	0.52x	N/A	-$53.50M	-95.70%	$109.66M	39.69	$147.13M	10.12
ZIM	ZIM INTEGRATED SHIPPING SERVICES LTD	$9.86	N/A	N/A	-0.44x	2.79x	0.23x	0.48x	N/A	$931.70M	78.56%	$2.45B	20.41	$5.28B	-5.83
SFL	SFL CORP LTD	$12.46	N/A	N/A	18.60x	N/A	2.09x	1.65x	N/A	$234.87M	14.93%	$1.04B	8.23	$4.11B	8.64
CACO	CARAVELLE INTERNATIONAL GROUP	$1.14	N/A	N/A	-0.01x	N/A	0.43x	17.42x	N/A	N/A	N/A	$3.27M	0.07	$50.16M	N/A
USEA	UNITED MARITIME CORP	$2.48	N/A	N/A	124.00x	N/A	0.57x	0.33x	N/A	-$65.37M	-315.28%	$65.87M	7.88	$103.72M	6.29
TOPS	TOP SHIPS INC	$12.75	N/A	N/A	-1.02x	N/A	0.71x	0.42x	N/A	$28.93M	49.05%	$139.46M	30.15	$278.86M	5.30
KNOP	KNOT OFFSHORE PARTNERS LP	$5.02	N/A	N/A	-4.22x	N/A	0.59x	0.33x	N/A	$128.86M	75.40%	$523.17M	15.37	$1.07B	7.40
GRIN	GRINDROD SHIPPING HOLDINGS LTD	$13.75	N/A	N/A	-28.06x	N/A	0.70x	1.10x	N/A	$154.49M	57.08%	$246.12M	12.50	$387.37M	5.89
HSHP	HIMALAYA SHIPPING LTD	$7.70	N/A	N/A	192.50x	N/A	9.20x	2.19x	N/A	-$406.58M	-120.29%	$154.21M	3.51	$751.97M	31.03

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.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.