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

OverviewForecast
EarningsDividendOwnership

Analyst price target for GNK

Based on 3 analysts offering 12 month price targets for Genco Shipping & Trading Ltd.
Min Forecast
$18.00+19.44%
Avg Forecast
$20.00+32.71%
Max Forecast
$22.00+45.99%

Should I buy or sell GNK stock?

Based on 3 analysts offering ratings for Genco Shipping & Trading Ltd.
Strong Buy
Strong Buy
3 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
lockedlocked$00.00+00.00%2023-10-19
lockedlocked$00.00+00.00%2023-07-21
lockedlocked$00.00+00.00%2023-06-06

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Forecast return on equity

Is GNK forecast to generate an efficient return?
Company
N/A
Industry
1.63%
Market
39.83%

Forecast return on assets

Is GNK forecast to generate an efficient return on assets?
Company
N/A
Industry
0.91%

GNK revenue forecast

What is GNK's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$235.8M-40.35%
Avg 2 year Forecast
$303.9M-23.12%
Avg 3 year Forecast
$315.0M-20.3%
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
253.84%
Industry
21.15%
Market
21.27%
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
-14.89%
Industry
-3.12%
Market
6.46%
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$15.07$20.00+32.71%Strong Buy
GSL$18.07N/AN/A
CLCO$12.31N/AN/A
ASC$13.57$18.50+36.33%Strong Buy
NMM$25.58N/AN/A
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 3 Wall Street analysts covering (NYSE: GNK) stock is to Strong Buy GNK stock.

Out of 3 analysts, 3 (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 revenue growth forecast for 2023-2025?

(NYSE: GNK) Genco Shipping & Trading's forecast annual revenue growth rate of -14.89% is not forecast to beat the US Marine Shipping industry's average forecast revenue growth rate of -3.12%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 6.46%.

Genco Shipping & Trading's revenue in 2023 is $395,281,000.On average, 3 Wall Street analysts forecast GNK's revenue for 2023 to be $10,030,234,359, with the lowest GNK revenue forecast at $9,932,352,891, and the highest GNK revenue forecast at $10,089,958,645. On average, 3 Wall Street analysts forecast GNK's revenue for 2024 to be $12,926,777,136, with the lowest GNK revenue forecast at $12,026,148,521, and the highest GNK revenue forecast at $13,436,262,727.

In 2025, GNK is forecast to generate $13,401,253,406 in revenue, with the lowest revenue forecast at $12,006,750,890 and the highest revenue forecast at $14,795,798,460.

What is GNK's forecast return on assets (ROA) for 2023-2025?

(NYSE: GNK) forecast ROA is N/A, which is lower than the forecast US Marine Shipping industry average of 0.91%.

What is GNK's Price Target?

According to 3 Wall Street analysts that have issued a 1 year GNK price target, the average GNK price target is $20.00, with the highest GNK stock price forecast at $22.00 and the lowest GNK stock price forecast at $18.00.

On average, Wall Street analysts predict that Genco Shipping & Trading's share price could reach $20.00 by Oct 19, 2024. The average Genco Shipping & Trading stock price prediction forecasts a potential upside of 32.71% from the current GNK share price of $15.07.

What is GNK's forecast return on equity (ROE) for 2023-2025?

(NYSE: GNK) forecast ROE is N/A, which is considered weak.
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