-25.60 % to Target, Jefferies Reiterates ‘”Hold”’ Rating on Safe Bulkers (NYSE:SB) Shares Today

September 17, 2017 - By reb123z

  25.60 % to Target, Jefferies Reiterates ‘

Safe Bulkers (NYSE:SB) Rating Reaffirmed

Jefferies now has a $2.5 price target on shares of Safe Bulkers (NYSE:SB). The price target gives a potential downside of -25.60 % from the current stock price of Safe Bulkers (NYSE:SB). This rating was shown in an analyst report on Monday, 11 September.

Safe Bulkers, Inc. (NYSE:SB) Ratings Coverage

Among 8 analysts covering Safe Bulkers (NYSE:SB), 3 have Buy rating, 2 Sell and 3 Hold. Therefore 38% are positive. Safe Bulkers has $5.0 highest and $0.25 lowest target. $2.20’s average target is -34.52% below currents $3.36 stock price. Safe Bulkers had 17 analyst reports since October 23, 2015 according to SRatingsIntel. As per Tuesday, March 28, the company rating was upgraded by Morgan Stanley. The stock of Safe Bulkers, Inc. (NYSE:SB) earned “Hold” rating by Jefferies on Monday, August 7. The company was downgraded on Friday, October 23 by Jefferies. The stock of Safe Bulkers, Inc. (NYSE:SB) earned “Hold” rating by Jefferies on Tuesday, May 30. The stock of Safe Bulkers, Inc. (NYSE:SB) has “Underperform” rating given on Friday, July 29 by Credit Suisse. The rating was maintained by Stifel Nicolaus on Tuesday, July 18 with “Hold”. As per Monday, July 3, the company rating was maintained by Jefferies. The firm has “Buy” rating by Maxim Group given on Monday, August 21. Jefferies maintained Safe Bulkers, Inc. (NYSE:SB) on Monday, September 11 with “Hold” rating. The company was reinitiated on Tuesday, August 2 by Seaport Global.

The stock decreased 0.59% or $0.02 on September 15, reaching $3.36. About 590,596 shares traded. Safe Bulkers, Inc. (NYSE:SB) has risen 124.94% since September 17, 2016 and is uptrending. It has outperformed by 108.24% the S&P500.

Analysts await Safe Bulkers, Inc. (NYSE:SB) to report earnings on October, 30. They expect $-0.04 earnings per share, up 73.33 % or $0.11 from last year’s $-0.15 per share. After $-0.07 actual earnings per share reported by Safe Bulkers, Inc. for the previous quarter, Wall Street now forecasts -42.86 % EPS growth.

Safe Bulkers, Inc. is a holding company. The company has market cap of $341.09 million. The Company’s principal business is the acquisition, ownership and operation of drybulk vessels. It currently has negative earnings. The Company’s vessels operate across the world, carrying drybulk cargo for the clients of marine drybulk transportation services.

Another recent and important Safe Bulkers, Inc. (NYSE:SB) news was published by Seekingalpha.com which published an article titled: “Bulking On Safe Bulkers” on September 15, 2017.

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