Genco Shipping (GNK) Gets a Buy from B. Riley Securities
In a report released yesterday, from B. Riley Securities maintained a Buy rating on Genco Shipping, with a price target of $30.00. The company’s shares closed yesterday at $23.38.
President's Day Sale - 70% Off
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
In addition to B. Riley Securities, Genco Shipping also received a Buy from TipRanks – Google’s Google Marine Shipping in a report issued today. However, on the same day, Alliance Global Partners downgraded Genco Shipping (NYSE: GNK) to a Hold.
Based on Genco Shipping’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $109.92 million and a net profit of $15.41 million. In comparison, last year the company earned a revenue of $99.2 million and had a net profit of $12.68 million
Read More on GNK:
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.