Were Analysts Bearish Safe Bulkers, Inc. (NYSE:SB) This Week?

Safe Bulkers, Inc. (NYSE:SB) Logo

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

Among 3 analysts covering Safe Bulkers (NYSE:SB), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Safe Bulkers had 4 analyst reports since November 9, 2018 according to SRatingsIntel. The stock has “Sell” rating by Citigroup on Wednesday, February 20. Jefferies upgraded Safe Bulkers, Inc. (NYSE:SB) rating on Friday, November 9. Jefferies has “Buy” rating and $3.5 target. Maxim Group maintained Safe Bulkers, Inc. (NYSE:SB) on Wednesday, February 20 with “Buy” rating. Below is a list of Safe Bulkers, Inc. (NYSE:SB) latest ratings and price target changes.

30/03/2019 Broker: BidaskScore Rating: Sell Upgrade
20/02/2019 Broker: Citigroup Rating: Sell New Target: $1.25 Maintain
20/02/2019 Broker: Maxim Group Rating: Buy New Target: $3.5 Maintain
09/11/2018 Broker: Jefferies Old Rating: Hold New Rating: Buy New Target: $3.5 Upgrade

The stock increased 4.01% or $0.065 during the last trading session, reaching $1.685. About 135,154 shares traded. Safe Bulkers, Inc. (NYSE:SB) has declined 58.68% since May 8, 2018 and is downtrending. It has underperformed by 63.05% the S&P500.

Safe Bulkers, Inc. provides marine drybulk transportation services worldwide. The company has market cap of $170.58 million. It is involved in the acquisition, ownership, and operation of drybulk vessels for transporting bulk cargoes, primarily coal, grain, and iron ore. It has a 10.53 P/E ratio. As of February 17, 2017, the firm had a fleet of 38 drybulk vessels with an aggregate carrying capacity of 3,421,800 deadweight tons.

More notable recent Safe Bulkers, Inc. (NYSE:SB) news were published by: Benzinga.com which released: “Buy The Dip In Safe Bulkers (NYSE:SB), Seaport Global Says In Upgrade – Benzinga” on July 31, 2018, also Globenewswire.com with their article: “Alpha Pro Tech, Ltd. Announces Revenue of $12.3 Million, $0.09 in EPS, for the First Quarter of 2019 – GlobeNewswire” published on May 06, 2019, Globenewswire.com published: “Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2018 Results – GlobeNewswire” on February 19, 2019. More interesting news about Safe Bulkers, Inc. (NYSE:SB) were released by: Globenewswire.com and their article: “Safe Bulkers, Inc. Reports Third Quarter and Nine Months 2018 Results – GlobeNewswire” published on November 07, 2018 as well as Cnbc.com‘s news article titled: “Uber releases its long-awaited IPO filing – CNBC” with publication date: April 11, 2019.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.