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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
SBLK
STAR BULK CARRIERS CORP
Greece
$1.99B84,016,89246.96%10.04%
GASS
STEALTHGAS INC
Greece
$262.34M35,119,50042.18%30.85%
DAC
DANAOS CORP
Greece
$1.75B19,418,69619.94%0.00%
SB
SAFE BULKERS INC
Monaco
$630.58M111,607,82824.21%0.00%
PXS
PYXIS TANKERS INC
Greece
$54.17M10,497,9901.57%0.00%
GOGL
GOLDEN OCEAN GROUP LTD
Bermuda
$2.60B200,028,29326.40%0.00%
ESEA
EUROSEAS LTD
Greece
$245.48M7,013,5817.93%0.00%
TORO
TORO CORP
Cyprus
$73.07M18,978,4091.43%0.00%
KEX
KIRBY CORP
United States
$6.91B58,300,00095.10%4.90%Net SellingNet Selling
NAT
NORDIC AMERICAN TANKERS LTD
Bermuda
$822.66M208,796,44441.35%0.00%
ASC
ARDMORE SHIPPING CORP
Bermuda
$882.05M41,371,88765.99%0.00%
NMM
NAVIOS MARITIME PARTNERS LP
Monaco
$1.48B30,184,38827.99%0.00%
CTRM
CASTOR MARITIME INC
Cyprus
$44.93M9,662,3540.99%0.00%
GNK
GENCO SHIPPING & TRADING LTD
United States
$872.14M42,751,75258.48%30.07%Net SellingNet Selling
MATX
MATSON INC
United States
$4.11B34,168,15385.07%7.28%Net SellingNet Selling
CMRE
COSTAMARE INC
Monaco
$1.90B122,531,72321.97%0.00%
GSL
GLOBAL SHIP LEASE INC
Marshall Islands
$1.00B35,188,32348.22%8.11%
PANL
PANGAEA LOGISTICS SOLUTIONS LTD
United States
$351.77M46,839,59125.28%74.72%Net Selling
SHIP
SEANERGY MARITIME HOLDINGS CORP
Greece
$209.72M19,636,35211.09%14.00%
DSX
DIANA SHIPPING INC
Greece
$310.03M110,330,45613.84%0.00%
GLBS
GLOBUS MARITIME LTD
Greece
$40.75M20,582,3010.61%0.00%
PSHG
PERFORMANCE SHIPPING INC
Greece
$27.08M12,310,9305.31%0.00%
EDRY
EURODRY LTD
Greece
$65.75M2,801,6253.74%0.00%
CISS
C3IS INC
Greece
$859.04k655,756100.00%0.00%
CPLP
CAPITAL PRODUCT PARTNERS LP
Greece
$988.50M55,039,1431.01%0.00%
SMHI
SEACOR MARINE HOLDINGS INC
United States
$357.17M27,602,03255.38%17.72%Net SellingNet Selling
HSHP
HIMALAYA SHIPPING LTD
Bermuda
$368.32M43,900,00016.23%0.00%
SFL
SFL CORP LTD
Bermuda
$1.82B137,467,07828.83%0.00%
CDLR
CADELER A
Denmark
$1.88B311,409,8682.04%0.00%
ZIM
ZIM INTEGRATED SHIPPING SERVICES LTD
United States
$2.29B120,320,80428.07%0.00%
CACO
CARAVELLE INTERNATIONAL GROUP
Singapore
$41.50M50,000,0000.21%6.18%
USEA
UNITED MARITIME CORP
Greece
$22.39M8,694,6301.45%0.00%
GRIN
GRINDROD SHIPPING HOLDINGS LTD
Singapore
$266.74M19,685,5900.61%21.99%
BWLP
BW LPG LTD
Singapore
$2.37B131,662,6560.00%0.00%
TOPS
TOP SHIPS INC
Greece
$54.64M4,626,1970.77%1.63%
HAFN
HAFNIA LTD
Singapore
$4.00B510,157,8510.00%0.00%
ECO
OKEANIS ECO TANKERS CORP
Greece
$1.00B32,194,1089.35%0.00%
CLCO
COOL CO LTD
Bermuda
$613.82M53,702,84618.76%0.00%
KNOP
KNOT OFFSHORE PARTNERS LP
United Kingdom
$236.61M34,045,08119.41%0.00%
OP
OCEANPAL INC
Greece
$13.93M7,451,3140.39%0.00%

Shipping Stocks FAQ

What are the best shipping stocks to buy right now in Jun 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 30.24% over the past year, overperforming other shipping stocks by 60 percentage points.

Star Bulk Carriers has an average 1 year price target of $30.00, an upside of 26.42% from Star Bulk Carriers's current stock price of $23.73.

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 35.45% over the past year, overperforming other shipping stocks by 66 percentage points.

Danaos has an average 1 year price target of $105.00, an upside of 16.73% from Danaos's current stock price of $89.95.

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 95.55% over the past year, overperforming other shipping stocks by 126 percentage points.

What are the shipping stocks with highest dividends?

Out of 18 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 4.84%. 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 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 7.87%, which is 3 percentage points higher than the shipping industry average of 4.84%. 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 7.69%, which is 3 percentage points higher than the shipping industry average of 4.84%. 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 up?

Shipping stocks were up 0.7% in the last day, and down -1.28% 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 95.55% in the past year. It has overperformed other stocks in the shipping industry by 126 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 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 30.24% in the past year. It has overperformed other stocks in the shipping industry by 60 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 39 points higher than the shipping industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Toro's stock has gained 18.1% in the past year. It has overperformed other stocks in the shipping industry by 48 percentage points.

Are shipping stocks a good buy now?

63.16% of shipping stocks rated by analysts are a strong buy right now. On average, analysts expect shipping stocks to rise by 13.16% 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 15.4x.
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.