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Sectors & IndustriesIndustrialsMarine Shipping
Best Shipping Stocks to Buy Now (2023)
Top shipping stocks in 2023 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
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
ESEA
EUROSEAS LTD
$138.98M$19.86$36.0081.27%Strong Buy139.43%37.52%81.07%43.07%
DAC
DANAOS CORP
$1.18B$58.20$80.0037.46%Strong Buy1-8.13%57.99%25.58%19.76%
GLBS
GLOBUS MARITIME LTD
$19.14M$0.93N/AN/AN/AN/AN/AN/AN/AN/A
GSL
GLOBAL SHIP LEASE INC
$649.26M$18.04$25.0038.58%Strong Buy1-2.66%11.24%38.88%17.84%
CTRM
CASTOR MARITIME INC
$44.28M$0.47N/AN/AN/AN/AN/AN/AN/AN/A
PANL
PANGAEA LOGISTICS SOLUTIONS LTD
$271.83M$5.85N/AN/AN/AN/AN/AN/A31.40%13.49%
CMRE
COSTAMARE INC
$978.41M$8.00$10.5031.25%Hold22.96%-6.90%21.45%9.58%
GNK
GENCO SHIPPING & TRADING LTD
$535.17M$12.59$22.0074.74%Strong Buy2-23.16%53.38%14.03%11.63%
EDRY
EURODRY LTD
$42.09M$14.50$30.00106.90%Strong Buy1N/AN/AN/AN/A
ASC
ARDMORE SHIPPING CORP
$528.58M$12.98$20.5057.94%Strong Buy2-64.26%-78.79%8.07%5.63%
SB
SAFE BULKERS INC
$397.02M$3.34$4.0019.76%Hold1-6.20%-14.71%18.79%11.64%
INSW
INTERNATIONAL SEAWAYS INC
$1.86B$37.81$59.6757.81%Strong Buy3-32.01%-54.51%16.22%9.82%
GASS
STEALTHGAS INC
$117.38M$3.05N/AN/AN/AN/AN/AN/A4.92%3.25%
PXS
PYXIS TANKERS INC
$45.56M$4.24N/AN/AN/AN/AN/AN/A6.75%3.51%
EGLE
EAGLE BULK SHIPPING INC
$556.70M$40.60$68.3368.31%Strong Buy3-29.83%-10.24%N/AN/A
ZIM
ZIM INTEGRATED SHIPPING SERVICES LTD
$1.66B$13.78$16.6020.46%Sell3-11.28%-46.12%8.35%3.68%
MATX
MATSON INC
$2.58B$71.86$70.00-2.59%Hold2-16.99%-44.52%8.83%4.74%
GOGL
GOLDEN OCEAN GROUP LTD
$1.50B$7.46$9.5027.35%Hold1N/A2.44%19.42%10.94%
SHIP
SEANERGY MARITIME HOLDINGS CORP
$78.41M$4.31N/AN/AN/AN/AN/AN/A43.49%18.77%
DSX
DIANA SHIPPING INC
$402.33M$3.78$4.005.82%Hold13.10%-26.52%17.96%7.58%
KEX
KIRBY CORP
$4.40B$73.29$87.3319.16%Strong Buy32.56%38.03%7.78%4.31%
NETI
ENETI INC
$377.58M$9.77$14.0043.30%Strong Buy1-11.00%-63.64%3.70%3.27%
NMM
NAVIOS MARITIME PARTNERS LP
$633.57M$20.99N/AN/AN/AN/AN/AN/A27.88%13.34%
SFL
SFL CORP LTD
$1.21B$8.73$12.0037.46%Hold1N/AN/A16.76%4.74%
CPLP
CAPITAL PRODUCT PARTNERS LP
$263.32M$13.00N/AN/AN/AN/A4.67%-7.39%16.73%4.60%
GRIN
GRINDROD SHIPPING HOLDINGS LTD
$147.21M$7.56N/AN/AN/AN/AN/AN/A39.26%21.75%
PSHG
PERFORMANCE SHIPPING INC
$3.28M$0.78N/AN/AN/AN/AN/AN/AN/AN/A
OP
OCEANPAL INC
$2.05M$0.20N/AN/AN/AN/AN/AN/AN/AN/A
SMHI
SEACOR MARINE HOLDINGS INC
$214.88M$7.93N/AN/AN/AN/AN/AN/AN/AN/A
SBLK
STAR BULK CARRIERS CORP
$1.83B$17.80$27.0051.69%Strong Buy2N/AN/A22.87%13.51%
NAT
NORDIC AMERICAN TANKERS LTD
$795.51M$3.81$5.2537.80%Strong Buy2N/AN/A1.16%0.71%
NM
NAVIOS MARITIME HOLDINGS INC
$39.12M$1.71N/AN/AN/AN/AN/AN/AN/AN/A
TOPS
TOP SHIPS INC
$7.52M$0.73$2.50242.47%Strong Buy1N/AN/AN/AN/A
KNOP
KNOT OFFSHORE PARTNERS LP
$163.42M$4.80$6.0025.00%Strong Sell1N/AN/A12.07%3.99%
TORO
TORO CORP
$64.12M$3.57N/AN/AN/AN/AN/AN/AN/AN/A
CACO
CARAVELLE INTERNATIONAL GROUP
$4.95M$0.66N/AN/AN/AN/AN/AN/AN/AN/A
HSHP
HIMALAYA SHIPPING LTD
N/A$5.44N/AN/AN/AN/AN/AN/AN/AN/A

Shipping Stocks FAQ

What are the best shipping stocks to buy right now in May 2023?

According to Zen Score, the 3 best shipping stocks to buy right now are:

1. Euroseas (NASDAQ:ESEA)


Euroseas (NASDAQ:ESEA) is the top shipping stock with a Zen Score of 69, which is 31 points higher than the shipping industry average of 38. It passed 27 out of 38 due diligence checks and has strong fundamentals. Euroseas has seen its stock lose -37.05% over the past year, underperforming other shipping stocks by -1 percentage points.

Euroseas has an average 1 year price target of $36.00, an upside of 81.27% from Euroseas's current stock price of $19.86.

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.

2. Danaos (NYSE:DAC)


Danaos (NYSE:DAC) is the second best shipping stock with a Zen Score of 66, which is 28 points higher than the shipping industry average of 38. It passed 24 out of 38 due diligence checks and has strong fundamentals. Danaos has seen its stock lose -29.57% over the past year, overperforming other shipping stocks by 6 percentage points.

Danaos has an average 1 year price target of $80.00, an upside of 37.46% from Danaos's current stock price of $58.20.

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.

3. Globus Maritime (NASDAQ:GLBS)


Globus Maritime (NASDAQ:GLBS) is the third best shipping stock with a Zen Score of 65, which is 27 points higher than the shipping industry average of 38. It passed 20 out of 33 due diligence checks and has strong fundamentals. Globus Maritime has seen its stock lose -53.5% over the past year, underperforming other shipping stocks by -18 percentage points.

What are the shipping stocks with highest dividends?

Out of 22 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 102.32%, which is 84 percentage points higher than the shipping industry average of 18.39%.

Zim Integrated Shipping Services's dividend payout ratio of 71.4% indicates that its high dividend yield is sustainable for the long-term.

2. Star Bulk Carriers (NASDAQ:SBLK)


Star Bulk Carriers (NASDAQ:SBLK) has an annual dividend yield of 28.65%, which is 10 percentage points higher than the shipping industry average of 18.39%. Star Bulk Carriers's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Star Bulk Carriers's dividend has shown consistent growth over the last 10 years.

3. Golden Ocean Group (NASDAQ:GOGL)


Golden Ocean Group (NASDAQ:GOGL) has an annual dividend yield of 23.46%, which is 5 percentage points higher than the shipping industry average of 18.39%. Golden Ocean Group's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Golden Ocean Group's dividend has not shown consistent growth over the last 10 years.

Golden Ocean Group's dividend payout ratio of 100.6% indicates that its high dividend yield might not be sustainable for the long-term.

Why are shipping stocks up?

Shipping stocks were up 0.24% in the last day, and down -3.24% over the last week.

We couldn't find a catalyst for why shipping stocks are up.

What are the most undervalued shipping stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued shipping stocks right now are:

1. Eurodry (NASDAQ:EDRY)


Eurodry (NASDAQ:EDRY) is the most undervalued shipping stock based on WallStreetZen's Valuation Score. Eurodry has a valuation score of 100, which is 53 points higher than the shipping industry average of 47. It passed 7 out of 7 valuation due diligence checks.

Eurodry's stock has dropped -48.67% in the past year. It has underperformed other stocks in the shipping industry by -13 percentage points.

2. Stealthgas (NASDAQ:GASS)


Stealthgas (NASDAQ:GASS) is the second most undervalued shipping stock based on WallStreetZen's Valuation Score. Stealthgas has a valuation score of 100, which is 53 points higher than the shipping industry average of 47. It passed 7 out of 7 valuation due diligence checks.

Stealthgas's stock has gained 12.55% in the past year. It has overperformed other stocks in the shipping industry by 48 percentage points.

3. Globus Maritime (NASDAQ:GLBS)


Globus Maritime (NASDAQ:GLBS) is the third most undervalued shipping stock based on WallStreetZen's Valuation Score. Globus Maritime has a valuation score of 100, which is 53 points higher than the shipping industry average of 47. It passed 7 out of 7 valuation due diligence checks.

Globus Maritime's stock has dropped -53.5% in the past year. It has underperformed other stocks in the shipping industry by -18 percentage points.

Are shipping stocks a good buy now?

61.9% of shipping stocks rated by analysts are a strong buy right now. On average, analysts expect shipping stocks to rise by 38.13% 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 9.5x.
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