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Seanergy Maritime (SHIP) Gets a Buy from Maxim Group

Tipranks - Tipranks - Sat Feb 21, 7:33AM CST

Maxim Group analyst Tate Sullivan reiterated a Buy rating on Seanergy Maritime on February 18 and set a price target of $17.00. The company’s shares closed yesterday at $13.47.

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Sullivan covers the Industrials sector, focusing on stocks such as Seanergy Maritime, XTI Aerospace, and ABM Industries. According to TipRanks, Sullivan has an average return of 3.4% and a 51.11% success rate on recommended stocks.

In addition to Maxim Group, Seanergy Maritime also received a Buy from Noble Financial’s Mark Reichman in a report issued on February 18. However, on the same day, TipRanks – OpenAI downgraded Seanergy Maritime (NASDAQ: SHIP) to a Hold.

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Based on Seanergy Maritime’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $49.42 million and a net profit of $12.31 million. In comparison, last year the company earned a revenue of $41.68 million and had a net profit of $6.64 million

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