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Sectors & IndustriesIndustrialsMarine 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
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
GASS
STEALTHGAS INC
$234.00M$6.64N/AN/AN/AN/AN/AN/AN/AN/A
SBLK
STAR BULK CARRIERS CORP
$1.77B$21.05$28.6736.19%Strong Buy314.40%16.38%13.07%7.58%
ESEA
EUROSEAS LTD
$303.69M$43.30$53.0022.40%Buy17.31%-11.98%25.56%14.92%
SB
SAFE BULKERS INC
$526.79M$4.72N/AN/AN/AN/A6.35%23.25%14.08%8.33%
DAC
DANAOS CORP
$1.68B$86.96$105.0020.75%Strong Buy1-1.26%-5.88%13.45%10.89%
GOGL
GOLDEN OCEAN GROUP LTD
$2.46B$12.29$14.5017.98%Hold1-6.12%23.05%18.86%10.52%
PXS
PYXIS TANKERS INC
$52.29M$5.00$10.00100.00%Strong Buy1N/AN/AN/AN/A
ASC
ARDMORE SHIPPING CORP
$739.35M$17.67$24.6739.60%Strong Buy3-24.03%-16.61%12.33%10.26%
GNK
GENCO SHIPPING & TRADING LTD
$762.80M$17.84$25.8044.62%Strong Buy5-15.06%147.01%9.99%8.70%
NMM
NAVIOS MARITIME PARTNERS LP
$1.84B$61.33$80.0030.44%Strong Buy15.00%12.27%20.52%11.27%
KEX
KIRBY CORP
$7.24B$125.02$133.006.38%Strong Buy34.46%15.86%11.38%6.33%
CMRE
COSTAMARE INC
$1.74B$14.65$13.00-11.26%Hold2-8.81%-3.74%9.97%4.55%
GLBS
GLOBUS MARITIME LTD
$37.46M$1.82N/AN/AN/AN/AN/AN/AN/AN/A
CTRM
CASTOR MARITIME INC
$39.52M$4.09N/AN/AN/AN/AN/AN/AN/AN/A
NAT
NORDIC AMERICAN TANKERS LTD
$764.19M$3.66$4.009.29%Hold2-16.90%0.23%20.56%12.59%
SHIP
SEANERGY MARITIME HOLDINGS CORP
$211.68M$10.78N/AN/AN/AN/A48.13%1,650.00%19.43%9.29%
TORO
TORO CORP
$65.11M$3.41N/AN/AN/AN/AN/AN/AN/AN/A
PSHG
PERFORMANCE SHIPPING INC
$23.65M$1.92$6.50238.54%Strong Buy1N/AN/AN/AN/A
PANL
PANGAEA LOGISTICS SOLUTIONS LTD
$315.65M$6.73N/AN/AN/AN/A5.34%-3.80%13.44%6.43%
GSL
GLOBAL SHIP LEASE INC
$873.09M$24.89$29.0016.51%Strong Buy1-5.58%N/A15.02%9.08%
MATX
MATSON INC
$4.60B$137.05$135.33-1.25%Strong Buy31.60%-1.19%10.96%6.15%
DSX
DIANA SHIPPING INC
$278.87M$2.42$3.0023.97%Hold16.49%115.32%15.68%6.82%
CISS
C3IS INC
$11.39M$1.11N/AN/AN/AN/AN/AN/AN/AN/A
OP
OCEANPAL INC
$12.56M$1.69N/AN/AN/AN/AN/AN/AN/AN/A
CCEC
CAPITAL CLEAN ENERGY CARRIERS CORP
$1.08B$18.56$21.0013.18%Strong Buy29.80%-12.63%16.47%5.08%
CDLR
CADELER A
$2.19B$28.18$37.0031.30%Strong Buy188.28%N/A179.93%130.32%
ECO
OKEANIS ECO TANKERS CORP
$1.11B$34.51$44.0027.50%Strong Buy10.28%-6.88%30.74%11.71%
USEA
UNITED MARITIME CORP
$22.53M$2.50$6.00140.00%Strong Buy1N/AN/AN/AN/A
EDRY
EURODRY LTD
$56.73M$20.25N/AN/AN/AN/A19.41%N/A14.80%7.20%
HAFN
HAFNIA LTD
$3.79B$7.39N/AN/AN/AN/AN/AN/A25.24%15.68%
CLCO
COOL CO LTD
$619.73M$11.54N/AN/AN/AN/A-13.10%-11.74%14.85%5.56%
SMHI
SEACOR MARINE HOLDINGS INC
$263.10M$9.52N/AN/AN/AN/A-0.72%N/A-7.29%-3.41%
HTCO
CARAVELLE INTERNATIONAL GROUP
$28.97M$0.55N/AN/AN/AN/AN/AN/AN/AN/A
ZIM
ZIM INTEGRATED SHIPPING SERVICES LTD
$2.38B$19.80$15.55-21.46%Strong Sell44.64%N/A-15.22%-4.53%
SFL
SFL CORP LTD
$1.60B$11.61$16.0037.81%Strong Buy1N/AN/AN/AN/A
KNOP
KNOT OFFSHORE PARTNERS LP
$225.38M$6.62N/AN/AN/AN/A0.78%N/A3.32%1.12%
HSHP
HIMALAYA SHIPPING LTD
$348.57M$7.94N/AN/AN/AN/AN/AN/AN/AN/A
BWLP
BW LPG LTD
$2.03B$15.38N/AN/AN/AN/AN/AN/AN/AN/A
TOPS
TOP SHIPS INC
$42.61M$9.21N/AN/AN/AN/AN/AN/AN/AN/A

Shipping Stocks FAQ

What are the best shipping stocks to buy right now in Oct 2024?

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

1. Stealthgas (NASDAQ:GASS)


Stealthgas (NASDAQ:GASS) is the top shipping stock with a Zen Score of 64, which is 31 points higher than the shipping industry average of 33. It passed 20 out of 33 due diligence checks and has strong fundamentals. Stealthgas has seen its stock return 29.94% over the past year.

2. Euroseas (NASDAQ:ESEA)


Euroseas (NASDAQ:ESEA) is the second best shipping stock with a Zen Score of 61, which is 28 points higher than the shipping industry average of 33. It passed 22 out of 38 due diligence checks and has strong fundamentals. Euroseas has seen its stock return 58.26% over the past year, overperforming other shipping stocks by 29 percentage points.

Euroseas has an average 1 year price target of $53.00, an upside of 22.4% from Euroseas's current stock price of $43.30.

Euroseas stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Euroseas, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Star Bulk Carriers (NASDAQ:SBLK)


Star Bulk Carriers (NASDAQ:SBLK) is the third best shipping stock with a Zen Score of 61, which is 28 points higher than the shipping industry average of 33. It passed 22 out of 38 due diligence checks and has strong fundamentals. Star Bulk Carriers has seen its stock return 6.1% over the past year, underperforming other shipping stocks by -24 percentage points.

Star Bulk Carriers has an average 1 year price target of $28.67, an upside of 36.19% from Star Bulk Carriers's current stock price of $21.05.

Star Bulk Carriers stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 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. Diana Shipping (NYSE:DSX)


Diana Shipping (NYSE:DSX) has an annual dividend yield of 15.5%, which is 10 percentage points higher than the shipping industry average of 5.84%. 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 409.1% indicates that its high dividend yield might not be sustainable for the long-term.

2. Nordic American Tankers (NYSE:NAT)


Nordic American Tankers (NYSE:NAT) has an annual dividend yield of 11.48%, which is 6 percentage points higher than the shipping industry average of 5.84%. Nordic American Tankers's dividend payout is not stable, having dropped more than 10% thirteen 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 97.9% indicates that its high dividend yield might not be sustainable for the long-term.

3. Star Bulk Carriers (NASDAQ:SBLK)


Star Bulk Carriers (NASDAQ:SBLK) has an annual dividend yield of 10.07%, which is 4 percentage points higher than the shipping industry average of 5.84%. Star Bulk Carriers's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Star Bulk Carriers's dividend has shown consistent growth over the last 10 years.

Star Bulk Carriers's dividend payout ratio of 66.2% indicates that its high dividend yield is sustainable for the long-term.

Why are shipping stocks up?

Shipping stocks were up 0.65% in the last day, and down -1.2% 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. 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 68 points higher than the shipping industry average of 32. It passed 7 out of 7 valuation due diligence checks.

Stealthgas's stock has gained 29.94% in the past year. It has performed in line with other stocks in the shipping industry.

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 54 points higher than the shipping industry average of 32. It passed 6 out of 7 valuation due diligence checks.

Star Bulk Carriers's stock has gained 6.1% in the past year. It has underperformed other stocks in the shipping industry by -24 percentage points.

3. Pyxis Tankers (NASDAQ:PXS)


Pyxis Tankers (NASDAQ:PXS) is the third most undervalued shipping stock based on WallStreetZen's Valuation Score. Pyxis Tankers has a valuation score of 71, which is 39 points higher than the shipping industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Pyxis Tankers's stock has gained 30.55% in the past year. It has overperformed other stocks in the shipping industry by 1 percentage points.

Are shipping stocks a good buy now?

72.73% of shipping stocks rated by analysts are a strong buy right now. On average, analysts expect shipping stocks to rise by 16.83% 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 6.78x.
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