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NYSE: GNK
Genco Shipping & Trading Ltd Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for GNK

Based on 4 analysts offering 12 month price targets for Genco Shipping & Trading Ltd.
Min Forecast
$20.00+29.87%
Avg Forecast
$24.00+55.84%
Max Forecast
$29.00+88.31%

Should I buy or sell GNK stock?

Based on 4 analysts offering ratings for Genco Shipping & Trading Ltd.
Strong Buy
Strong Buy
4 analysts 100%
Buy
0 analysts 0%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their GNK stock forecasts and price targets.

GNK stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Jefferies
Top 10%
91
Strong BuyReiterates$20.00+30.38%2023-02-23
B. Riley Securities
Top 5%
96
Strong BuyMaintains$27.00+76.01%2022-10-10
Stifel Nicolaus
Top 10%
91
Strong BuyInitiates Coverage On$20.00+30.38%2022-09-30
Alliance Global Partners
Bottom 18%
18
Strong BuyInitiates Coverage On$29.00+89.05%2022-08-03
Anonymous
Jefferies
Strong BuyMaintains$29.00+89.05%2022-05-05

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Forecast return on equity

Is GNK forecast to generate an efficient return?
Company
13.69%
Industry
15.44%
Market
51.58%
GNK's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is GNK forecast to generate an efficient return on assets?
Company
11.29%
Industry
8.51%
GNK is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

GNK earnings per share forecast

What is GNK's earnings per share in the next 2 years based on estimates from 4 analysts?
Avg 1 year Forecast
$4.31+15.24%
Avg 2 year Forecast
$3.13-16.31%
GNK's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

GNK revenue forecast

What is GNK's revenue in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$380.4M-29.15%
Avg 2 year Forecast
$322.8M-39.88%
GNK's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

GNK earnings growth forecast

How is GNK forecast to perform vs Marine Shipping companies and vs the US market?
Company
15.24%
Industry
-8.73%
Market
78.57%
GNK's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
GNK's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
GNK's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

GNK revenue growth forecast

How is GNK forecast to perform vs Marine Shipping companies and vs the US market?
Company
-29.15%
Industry
-13.33%
Market
25.81%
GNK's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
GNK's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

GNK vs Shipping Stocks

TickerPricePrice TargetUp/downsideConsensus
GNK$15.34$24.00+56.45%Strong Buy
GSL$18.07$25.00+38.35%Strong Buy
EGLE$46.12$76.50+65.87%Strong Buy
ASC$15.22$12.13-20.34%Strong Buy
NMM$23.94$50.00+108.86%Strong Buy
View Top Shipping Stocks

Genco Shipping & Trading Stock Forecast FAQ

Is Genco Shipping & Trading Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 4 Wall Street analysts covering (NYSE: GNK) stock is to Strong Buy GNK stock.

Out of 4 analysts, 4 (100%) are recommending GNK as a Strong Buy, 0 (0%) are recommending GNK as a Buy, 0 (0%) are recommending GNK as a Hold, 0 (0%) are recommending GNK as a Sell, and 0 (0%) are recommending GNK as a Strong Sell.

If you're new to stock investing, here's how to buy Genco Shipping & Trading stock.

What is GNK's earnings growth forecast for 2023-2024?

(NYSE: GNK) Genco Shipping & Trading's forecast annual earnings growth rate of 15.24% is forecast to beat the US Marine Shipping industry's average forecast earnings growth rate of -8.73%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 78.57%.

Genco Shipping & Trading's earnings in 2023 is $158,576,000.On average, 4 Wall Street analysts forecast GNK's earnings for 2023 to be $182,430,150, with the lowest GNK earnings forecast at $142,219,328, and the highest GNK earnings forecast at $221,794,428.

In 2024, GNK is forecast to generate $132,484,077 in earnings, with the lowest earnings forecast at $132,484,077 and the highest earnings forecast at $132,484,077.

What is GNK's revenue growth forecast for 2023-2024?

(NYSE: GNK) Genco Shipping & Trading's forecast annual revenue growth rate of -29.15% is not forecast to beat the US Marine Shipping industry's average forecast revenue growth rate of -13.33%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 25.81%.

Genco Shipping & Trading's revenue in 2023 is $536,934,000.On average, 2 Wall Street analysts forecast GNK's revenue for 2023 to be $16,102,317,832, with the lowest GNK revenue forecast at $14,102,993,437, and the highest GNK revenue forecast at $18,101,642,226.

In 2024, GNK is forecast to generate $13,664,060,570 in revenue, with the lowest revenue forecast at $13,664,060,570 and the highest revenue forecast at $13,664,060,570.

What is GNK's forecast return on assets (ROA) for 2023-2024?

(NYSE: GNK) forecast ROA is 11.29%, which is higher than the forecast US Marine Shipping industry average of 8.51%.

What is GNK's Price Target?

According to 4 Wall Street analysts that have issued a 1 year GNK price target, the average GNK price target is $24.00, with the highest GNK stock price forecast at $29.00 and the lowest GNK stock price forecast at $20.00.

On average, Wall Street analysts predict that Genco Shipping & Trading's share price could reach $24.00 by Feb 23, 2024. The average Genco Shipping & Trading stock price prediction forecasts a potential upside of 56.45% from the current GNK share price of $15.34.

What is GNK's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: GNK) Genco Shipping & Trading's current Earnings Per Share (EPS) is $3.74. On average, analysts forecast that GNK's EPS will be $4.31 for 2023, with the lowest EPS forecast at $3.36, and the highest EPS forecast at $5.24. In 2024, GNK's EPS is forecast to hit $3.13 (min: $3.13, max: $3.13).

What is GNK's forecast return on equity (ROE) for 2023-2024?

(NYSE: GNK) forecast ROE is 13.69%, which is considered weak.
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