The stock of Safe Bulkers, Inc. (NYSE:SB) is a huge mover today! About 1.48M shares traded hands or 954.98% up from the average. Safe Bulkers, Inc. (NYSE:SB) has risen 51.38% since April 14, 2016 and is uptrending. It has outperformed by 46.69% the S&P500.
The move comes after 9 months positive chart setup for the $185.39 million company. It was reported on Nov, 16 by Barchart.com. We have $4.64 PT which if reached, will make NYSE:SB worth $222.47M more.
Safe Bulkers, Inc. (NYSE:SB) Ratings Coverage
Out of 4 analysts covering Safe Bulkers (NYSE:SB), 0 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 0 are positive. Safe Bulkers has been the topic of 7 analyst reports since October 23, 2015 according to StockzIntelligence Inc. The stock of Safe Bulkers, Inc. (NYSE:SB) earned “Neutral” rating by Seaport Global on Tuesday, August 2. Morgan Stanley downgraded the shares of SB in a report on Tuesday, December 15 to “Equal-Weight” rating. On Friday, October 23 the stock rating was downgraded by Jefferies to “Hold”. The firm earned “Underperform” rating on Friday, July 29 by Credit Suisse.
According to Zacks Investment Research, “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.”
More news for Safe Bulkers, Inc. (NYSE:SB) were recently published by: Marketwatch.com, which released: “Safe Bulkers downgraded to underperform from neutral at Credit Suisse” on October 12, 2010. Marketwatch.com‘s article titled: “Safe Bulkers, Inc. Files Shelf Registration Statement” and published on October 17, 2016 is yet another important article.
SB Company Profile
Safe Bulkers, Inc. (Safe Bulkers), incorporated on December 11, 2007, is a holding company. The Company’s primary business is the acquisition, ownership and operation of drybulk vessels. The Firm is an international well-known provider of marine drybulk transportation services, transporting bulk cargoes, primarily coal, grain and iron ore, along across the world shipping routes. The Company’s fleet consists of 37 drybulk vessels, of which 14 are Panamax class vessels, eight are Kamsarmax class vessels, 12 are Post-Panamax class vessels and three are Capesize class vessels, with an aggregate carrying capacity of approximately 3.3 million deadweight tons (dwt) and an average age of approximately 6.1 years.
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