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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
DAC
DANAOS CORP
$1.40B$72.26$90.0024.55%Strong Buy13.62%16.87%N/AN/A
ESEA
EUROSEAS LTD
$247.19M$35.24N/AN/AN/AN/A1.23%34.42%N/AN/A
SBLK
STAR BULK CARRIERS CORP
$1.94B$23.09$53.50131.70%Strong Buy233.15%151.70%N/AN/A
GASS
STEALTHGAS INC
$224.76M$5.91N/AN/AN/AN/AN/AN/AN/AN/A
TORO
TORO CORP
$90.72M$4.78N/AN/AN/AN/AN/AN/AN/AN/A
SB
SAFE BULKERS INC
$525.67M$4.71N/AN/AN/AN/A2.95%100.00%N/AN/A
CMRE
COSTAMARE INC
$1.30B$11.01$11.00-0.09%Strong Buy12.56%34.92%N/AN/A
CPLP
CAPITAL PRODUCT PARTNERS LP
$898.93M$16.48$22.5036.53%Strong Buy216.87%98.48%N/AN/A
ASC
ARDMORE SHIPPING CORP
$655.92M$15.88$20.5029.09%Strong Buy2-28.52%N/AN/AN/A
ECO
OKEANIS ECO TANKERS CORP
$995.12M$30.91N/AN/AN/AN/AN/AN/AN/AN/A
KEX
KIRBY CORP
$5.73B$97.91$110.0012.35%Strong Buy24.08%21.49%N/AN/A
DSX
DIANA SHIPPING INC
$329.02M$2.91N/AN/AN/AN/A-8.39%88.64%N/AN/A
PSHG
PERFORMANCE SHIPPING INC
$27.14M$2.21N/AN/AN/AN/AN/AN/AN/AN/A
MATX
MATSON INC
$3.82B$110.83$112.501.51%Buy21.41%-42.75%N/AN/A
CTRM
CASTOR MARITIME INC
$35.85M$3.71N/AN/AN/AN/AN/AN/AN/AN/A
GOGL
GOLDEN OCEAN GROUP LTD
$2.60B$13.01$15.0015.30%Strong Buy1-5.24%223.21%N/AN/A
CISS
C3IS INC
$136.17k$1.87N/AN/AN/AN/AN/AN/AN/AN/A
PXS
PYXIS TANKERS INC
$50.66M$4.74N/AN/AN/AN/AN/AN/AN/AN/A
PANL
PANGAEA LOGISTICS SOLUTIONS LTD
$313.03M$6.70N/AN/AN/AN/A1.86%N/AN/AN/A
GSL
GLOBAL SHIP LEASE INC
$742.83M$21.11$25.0018.43%Strong Buy10.19%N/AN/AN/A
GLBS
GLOBUS MARITIME LTD
$44.46M$2.16N/AN/AN/AN/AN/AN/AN/AN/A
CDLR
CADELER A
$1.46B$18.77$35.0086.47%Strong Buy194.91%N/AN/AN/A
NMM
NAVIOS MARITIME PARTNERS LP
$1.30B$42.95N/AN/AN/AN/A5.81%N/AN/AN/A
CLCO
COOL CO LTD
$585.36M$10.90N/AN/AN/AN/A-8.64%N/AN/AN/A
GNK
GENCO SHIPPING & TRADING LTD
$878.11M$20.55$21.002.19%Strong Buy2-25.69%N/AN/AN/A
SHIP
SEANERGY MARITIME HOLDINGS CORP
$171.03M$8.71$12.5043.51%Strong Buy228.84%N/AN/AN/A
NAT
NORDIC AMERICAN TANKERS LTD
$810.13M$3.88$5.0028.87%Buy2-21.31%N/AN/AN/A
EDRY
EURODRY LTD
$56.37M$19.90$30.0050.75%Strong Buy1N/AN/AN/AN/A
ZIM
ZIM INTEGRATED SHIPPING SERVICES LTD
$1.21B$10.10$10.514.09%Hold46.44%N/AN/AN/A
SFL
SFL CORP LTD
$1.73B$12.58$15.0019.24%Strong Buy1N/AN/AN/AN/A
SMHI
SEACOR MARINE HOLDINGS INC
$359.30M$13.22$17.0028.59%Strong Buy10.14%N/AN/AN/A
CACO
CARAVELLE INTERNATIONAL GROUP
$36.00M$0.72N/AN/AN/AN/AN/AN/AN/AN/A
USEA
UNITED MARITIME CORP
$21.91M$2.52N/AN/AN/AN/AN/AN/AN/AN/A
KNOP
KNOT OFFSHORE PARTNERS LP
$176.69M$5.19N/AN/AN/AN/A-2.84%N/AN/AN/A
TOPS
TOP SHIPS INC
$60.79M$13.14N/AN/AN/AN/AN/AN/AN/AN/A
GRIN
GRINDROD SHIPPING HOLDINGS LTD
$268.51M$13.64N/AN/AN/AN/AN/AN/AN/AN/A
OP
OCEANPAL INC
$17.61M$2.59N/AN/AN/AN/AN/AN/AN/AN/A
HSHP
HIMALAYA SHIPPING LTD
$340.23M$7.75N/AN/AN/AN/AN/AN/AN/AN/A

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 42 points higher than the shipping industry average of 31. It passed 27 out of 38 due diligence checks and has strong fundamentals. Danaos has seen its stock return 26.28% 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 24.55% from Danaos's current stock price of $72.26.

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 36 points higher than the shipping industry average of 31. It passed 24 out of 38 due diligence checks and has strong fundamentals. Euroseas has seen its stock return 85.38% over the past year, overperforming other shipping stocks by 53 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 34 points higher than the shipping industry average of 31. It passed 24 out of 38 due diligence checks and has strong fundamentals. Star Bulk Carriers has seen its stock return 6.8% over the past year, underperforming other shipping stocks by -26 percentage points.

Star Bulk Carriers has an average 1 year price target of $53.50, an upside of 131.7% from Star Bulk Carriers's current stock price of $23.09.

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 5.43%.

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 18.04%, which is 13 percentage points higher than the shipping industry average of 5.43%. 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 11.86%, which is 6 percentage points higher than the shipping industry average of 5.43%. 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 -1.7% in the last day, and down -2.12% over the last week. C3is was the among the top losers in the marine shipping industry, dropping -35.24% yesterday.

C3is shares are trading higher after the company entered an agreement to acquire the Eco Spitfire bulk carrier for $16.19 million.

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 65 points higher than the shipping industry average of 35. It passed 7 out of 7 valuation due diligence checks.

Stealthgas's stock has gained 113.36% in the past year. It has overperformed other stocks in the shipping industry by 81 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 51 points higher than the shipping industry average of 35. It passed 6 out of 7 valuation due diligence checks.

Star Bulk Carriers's stock has gained 6.8% in the past year. It has underperformed other stocks in the shipping industry by -26 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 36 points higher than the shipping industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Costamare's stock has gained 14.21% in the past year. It has underperformed other stocks in the shipping industry by -18 percentage points.

Are shipping stocks a good buy now?

82.35% of shipping stocks rated by analysts are a strong buy right now. On average, analysts expect shipping stocks to rise by 23.86% 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 16.19x.
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