Safe Bulkers (NYSE: SB) has recently received a number of price target changes and ratings updates:

  • 8/5/2017 – 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. “
  • 7/25/2017 – 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. “
  • 7/25/2017 – Safe Bulkers was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/19/2017 – Safe Bulkers had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $2.25 price target on the stock.
  • 7/4/2017 – Safe Bulkers had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $2.50 price target on the stock.
  • 6/13/2017 – Safe Bulkers was upgraded by analysts at TheStreet from a “d+” rating to a “c-” rating.

Safe Bulkers, Inc (NYSE SB) opened at 2.61 on Wednesday. The stock’s 50 day moving average price is $2.46 and its 200-day moving average price is $2.03. Safe Bulkers, Inc has a 52-week low of $1.09 and a 52-week high of $2.75. The company’s market capitalization is $264.56 million.

Safe Bulkers (NYSE:SB) last issued its quarterly earnings results on Wednesday, July 26th. The shipping company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. Safe Bulkers had a negative return on equity of 3.29% and a negative net margin of 26.74%. The firm had revenue of $35.01 million for the quarter, compared to analysts’ expectations of $36.81 million. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. Analysts predict that Safe Bulkers, Inc will post ($0.22) earnings per share for the current fiscal 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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