Weekly Investment Analysts’ Ratings Updates for Safe Bulkers (SB)

Safe Bulkers (NYSE: SB) recently received a number of ratings updates from brokerages and research firms:

  • 11/3/2017 – Safe Bulkers had its “hold” rating reaffirmed by analysts at Jefferies Group LLC.
  • 11/2/2017 – Safe Bulkers had its price target raised by analysts at Citigroup Inc. from $2.00 to $2.50. They now have a “sell” rating on the stock.
  • 10/31/2017 – Safe Bulkers was given a new $5.00 price target on by analysts at Maxim Group. They now have a “buy” rating on the stock.
  • 10/26/2017 – Safe Bulkers was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “SAFE BULKERS is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly grain, iron ore and coal, along worldwide shipping routes for some of the world’s largest consumers of marine drybulk transportation services. “
  • 10/21/2017 – Safe Bulkers was given a new $2.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
  • 10/19/2017 – Safe Bulkers was given a new $5.00 price target on by analysts at Maxim Group. They now have a “buy” rating on the stock.
  • 10/5/2017 – Safe Bulkers was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SAFE BULKERS is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly grain, iron ore and coal, along worldwide shipping routes for some of the world’s largest consumers of marine drybulk transportation services. “
  • 9/27/2017 – Safe Bulkers was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “SAFE BULKERS is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly grain, iron ore and coal, along worldwide shipping routes for some of the world’s largest consumers of marine drybulk transportation services. “
  • 9/20/2017 – Safe Bulkers was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SAFE BULKERS is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly grain, iron ore and coal, along worldwide shipping routes for some of the world’s largest consumers of marine drybulk transportation services. “

Safe Bulkers, Inc (NYSE:SB) opened at $3.45 on Tuesday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.00. Safe Bulkers, Inc has a 1-year low of $1.09 and a 1-year high of $3.79.

Safe Bulkers (NYSE:SB) last released its quarterly earnings data on Tuesday, October 31st. The shipping company reported ($0.05) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.05). The firm had revenue of $38.80 million for the quarter, compared to the consensus estimate of $37.12 million. Safe Bulkers had a negative net margin of 2.01% and a negative return on equity of 2.10%. The business’s revenue was up 37.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.15) earnings per share. research analysts expect that Safe Bulkers, Inc will post -0.18 earnings per share for the current year.

Safe Bulkers, Inc is a holding company. The Company’s principal business is the acquisition, ownership and operation of drybulk vessels. The Company’s vessels operate across the world, carrying drybulk cargo for the consumers of marine drybulk transportation services. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along shipping routes across the world.

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