Genco Shipping & Trading

GNK · NYSE

$24.72+$0.26 (+1.06%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $24.46

GNK analyst rating

HoldConsensus of 2 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold2
Underperform0
Sell0

12-month price target · 7 analysts

Average $29.78 (+20.5% upside)

Low: $27.07
Now: $24.72
High: $33.60

Upgrades and downgrades

The latest rating actions, newest first

GNK analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Hit rate
Alliance Global Partners	Feb 19, 2026	Downgrade	Buy → Neutral	50%

The case for and against

Updated Jan 26, 2026

Bull case

Genco Shipping & Trading has strengthened its fleet by acquiring a high-quality, 2020-built, scrubber-fitted Japanese Cape vessel for $63.6 million, increasing its Cape fleet to 17 ships, most of which are equipped with scrubbers. The company is also experiencing positive momentum in its operations, having secured 70% of its 3Q operating days at improved rates, with an average of $15,926 per day, including $20,951 for Cape days and $13,326 for Ultra/Supradays. Additionally, Genco's robust balance sheet and strategic dividend policy, combined with its current valuation at 0.75 times NAV, contribute to a favorable outlook for the company's stock performance.

Bear case

The excerpts indicate a concerning outlook for Genco Shipping & Trading, particularly with an adjusted EPS loss of $0.14 in the second quarter, aligning with consensus and internal estimates, which may signal ongoing profitability challenges. The company's revenue generation could be adversely impacted by high interest rates, which are typically associated with declining ship values, further straining the financial performance of the business. Additionally, the reference to August as a traditionally weak month for the sector suggests that seasonal trends may exacerbate the company's financial difficulties, maintaining a negative sentiment around its stock performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.