WallStreetZenWallStreetZen

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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
SBLK
STAR BULK CARRIERS CORP
$2.00B$984.62M$423.99M$202.54M$2.20-24.28%N/A-49.07%N/A2024-08-01
GASS
STEALTHGAS INC
$230.03M$147.03M$87.08M$52.85M$1.43-5.11%-2.05%25.44%N/A2024-08-16
DAC
DANAOS CORP
$1.64B$983.46M$729.08M$580.60M$29.54-2.34%16.42%60.54%N/A2024-08-05
SB
SAFE BULKERS INC
$610.49M$284.40M$156.19M$69.35M$0.61-18.68%8.04%-55.15%30.69%2024-09-06
PXS
PYXIS TANKERS INC
$54.17M$45.66M$43.23M$30.97M$2.90-27.59%9.81%24.46%N/A2024-07-29
GOGL
GOLDEN OCEAN GROUP LTD
$2.59B$935.99M$437.00M$186.48M$0.93-10.41%8.17%-42.94%17.23%2024-08-30
ESEA
EUROSEAS LTD
$266.52M$194.14M$136.05M$105.80M$15.318.30%41.31%3.87%22.68%2024-08-07
KEX
KIRBY CORP
$7.17B$3.15B$600.83M$252.31M$4.267.69%1.15%75.31%23.05%2024-08-01
NAT
NORDIC AMERICAN TANKERS LTD
$780.90M$391.69M$180.73M$98.71M$0.4715.43%6.27%571.43%N/A2024-08-26
TORO
TORO CORP
$68.32M$54.32M$145.40M$136.40M$8.25-56.96%N/A11.04%N/A
NMM
NAVIOS MARITIME PARTNERS LP
$1.48B$1.32B$754.54M$399.17M$14.332.53%42.35%-10.16%N/A2024-08-21
CMRE
COSTAMARE INC
$1.76B$1.74B$644.65M$307.30M$2.5858.78%34.11%-42.54%79.10%2024-07-26
CTRM
CASTOR MARITIME INC
$43.48M$93.44M$79.14M$47.73M$5.03-31.74%85.07%-56.03%N/A2024-09-01
GNK
GENCO SHIPPING & TRADING LTD
$865.30M$406.87M$83.29M$3.29M$0.08-17.82%1.16%-97.15%-28.56%2024-08-07
MATX
MATSON INC
$4.36B$3.11B$666.50M$299.20M$8.58-19.84%6.76%-56.84%27.97%2024-08-01
GSL
GLOBAL SHIP LEASE INC
$871.61M$695.07M$455.00M$312.25MN/A6.72%30.24%N/AN/A
GLBS
GLOBUS MARITIME LTD
$36.02M$30.34M$15.74M$2.39M$0.12-41.54%12.34%-83.33%N/A2024-09-09
PANL
PANGAEA LOGISTICS SOLUTIONS LTD
$335.84M$490.32M$81.33M$34.52M$0.77-21.13%5.59%-45.39%13.43%2024-08-07
SHIP
SEANERGY MARITIME HOLDINGS CORP
$178.30M$110.23M$47.65M$2.28M$0.12-11.83%3.79%-87.63%N/A
DSX
DIANA SHIPPING INC
$310.03M$247.11MN/A$23.42M$0.24-16.71%0.74%-81.82%8.45%2024-07-30
ASC
ARDMORE SHIPPING CORP
$835.71M$384.05M$154.62M$108.55M$2.63-23.28%11.59%-45.32%N/A2024-07-30
PSHG
PERFORMANCE SHIPPING INC
$26.22M$101.78MN/A$63.27M$5.695.88%N/A-82.66%N/A2024-07-25
EDRY
EURODRY LTD
$68.08M$50.67M$15.81M-$3.15M-$1.15-19.88%14.55%N/AN/A2024-08-06
CISS
C3IS INC
$918.06k$38.38M$19.26M$12.33M$113.39N/AN/AN/AN/A
CPLP
CAPITAL PRODUCT PARTNERS LP
$910.90M$384.06MN/A$69.51M$2.2725.21%27.28%-58.12%N/A2024-07-26
SMHI
SEACOR MARINE HOLDINGS INC
$381.18M$282.31M$77.74M-$22.79M-$0.8221.19%7.32%N/AN/A2024-07-31
HSHP
HIMALAYA SHIPPING LTD
$354.27M$58.84M$35.49M$4.05M$0.103,980.65%N/AN/AN/A2024-08-09
CDLR
CADELER A
$1.90BN/AN/AN/AN/AN/AN/AN/AN/A2024-08-27
SFL
SFL CORP LTD
$1.83B$752.29M$476.06M$83.94M$0.6712.22%12.43%-58.13%-0.87%2024-08-15
ZIM
ZIM INTEGRATED SHIPPING SERVICES LTD
$2.04B$5.35B-$856.90M-$2.55B-$21.17-47.65%N/AN/AN/A2024-08-12
CACO
CARAVELLE INTERNATIONAL GROUP
$19.10M$133.78MN/A$2.34M-$212.75-15.32%N/AN/AN/A
BWLP
BW LPG LTD
$2.08BN/AN/AN/AN/AN/AN/AN/AN/A2024-08-28
USEA
UNITED MARITIME CORP
$22.35M$36.07M$16.48M$126.00k$0.0258.30%N/A-99.74%N/A
ECO
OKEANIS ECO TANKERS CORP
$979.67MN/AN/AN/AN/AN/AN/AN/AN/A2024-08-09
CLCO
COOL CO LTD
$648.73M$368.49MN/A$142.46MN/A19.89%N/AN/AN/A
TOPS
TOP SHIPS INC
$48.90M$82.95M$52.64M-$22.37M-$12.442.84%15.11%N/AN/A2024-08-01
HAFN
HAFNIA LTD
$3.90BN/AN/AN/AN/AN/AN/AN/AN/A2024-08-28
KNOP
KNOT OFFSHORE PARTNERS LP
$252.95M$296.17M$153.28M-$25.59MN/A7.87%0.99%N/AN/A2024-08-29
GRIN
GRINDROD SHIPPING HOLDINGS LTD
$278.16M$387.10M$65.81M-$9.62M-$0.49-15.93%3.94%N/AN/A
OP
OCEANPAL INC
$14.16M$20.76MN/A-$7.94M-$0.977.58%N/AN/AN/A

Shipping Stocks FAQ

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

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

1. Star Bulk Carriers (NASDAQ:SBLK)


Star Bulk Carriers (NASDAQ:SBLK) is the top shipping stock with a Zen Score of 64, which is 34 points higher than the shipping industry average of 30. It passed 23 out of 38 due diligence checks and has strong fundamentals. Star Bulk Carriers has seen its stock return 38.19% over the past year, overperforming other shipping stocks by 13 percentage points.

Star Bulk Carriers has an average 1 year price target of $30.00, an upside of 26% from Star Bulk Carriers's current stock price of $23.81.

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.

2. Danaos (NYSE:DAC)


Danaos (NYSE:DAC) is the second best shipping stock with a Zen Score of 61, which is 31 points higher than the shipping industry average of 30. It passed 22 out of 38 due diligence checks and has strong fundamentals. Danaos has seen its stock return 26.11% over the past year, overperforming other shipping stocks by 1 percentage points.

Danaos has an average 1 year price target of $105.00, an upside of 23.57% from Danaos's current stock price of $84.97.

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. Stealthgas (NASDAQ:GASS)


Stealthgas (NASDAQ:GASS) is the third best shipping stock with a Zen Score of 61, which is 31 points higher than the shipping industry average of 30. It passed 19 out of 33 due diligence checks and has strong fundamentals. Stealthgas has seen its stock return 48.86% over the past year, overperforming other shipping stocks by 23 percentage points.

What are the shipping stocks with highest dividends?

Out of 17 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 16.01%, which is 11 percentage points higher than the shipping industry average of 5.18%. 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 218.8% 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 11.5%, which is 6 percentage points higher than the shipping industry average of 5.18%. 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 97.9% indicates that its high dividend yield might not be sustainable for the long-term.

3. Sfl (NYSE:SFL)


Sfl (NYSE:SFL) has an annual dividend yield of 7.67%, which is 2 percentage points higher than the shipping industry average of 5.18%. Sfl's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Sfl's dividend has not shown consistent growth over the last 10 years.

Sfl's dividend payout ratio of 147.8% indicates that its high dividend yield might not be sustainable for the long-term.

Why are shipping stocks down?

Shipping stocks were down -0.68% in the last day, and down -0.73% 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 67 points higher than the shipping industry average of 33. It passed 7 out of 7 valuation due diligence checks.

Stealthgas's stock has gained 48.86% in the past year. It has overperformed other stocks in the shipping industry by 23 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 53 points higher than the shipping industry average of 33. It passed 6 out of 7 valuation due diligence checks.

Star Bulk Carriers's stock has gained 38.19% in the past year. It has overperformed other stocks in the shipping industry by 13 percentage points.

3. Toro (NASDAQ:TORO)


Toro (NASDAQ:TORO) is the third most undervalued shipping stock based on WallStreetZen's Valuation Score. Toro has a valuation score of 71, which is 38 points higher than the shipping industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Toro's stock has dropped -11.55% in the past year. It has underperformed other stocks in the shipping industry by -37 percentage points.

Are shipping stocks a good buy now?

66.67% of shipping stocks rated by analysts are a strong buy right now. On average, analysts expect shipping stocks to rise by 15.06% 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 15.76x.
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.