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BTIG Remains a Hold on Genco Shipping (GNK)

Tipranks - Mon Feb 9, 11:30AM CST

In a report released on February 6, Gregory Lewis from BTIG maintained a Hold rating on Genco Shipping. The company’s shares closed last Friday at $20.77.

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According to TipRanks, Lewis is a 5-star analyst with an average return of 18.4% and a 53.75% success rate. Lewis covers the Energy sector, focusing on stocks such as Scorpio Tankers, Frontline, and DHT Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Genco Shipping with a $26.25 average price target, implying a 26.38% upside from current levels. In a report released on February 4, TipRanks – xAI also reiterated a Hold rating on the stock with a $22.50 price target.

Based on Genco Shipping’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $79.92 million and a GAAP net loss of $1.05 million. In comparison, last year the company earned a revenue of $99.33 million and had a net profit of $21.46 million

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