Safe Bulkers, Inc which can be found using ticker (SB) now have 3 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 6.6 and 2.85 calculating the mean target price we have $4.15. Now with the previous closing price of $3.64 and the analysts are correct then there would likely be a percentage uptick in value of 14.0%. The day 50 moving average is $3.41 while the 200 day moving average is $3.22. The market capitalization for the company is $435m. Company Website: https://www.safebulkers.com
The potential market cap would be $496m based on the market consensus.
Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of February 2023, the company had a fleet of 40 drybulk vessels having an average age of 10.5 years; and an aggregate carrying capacity of 4.5 million deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 17 post- Panamax class vessels, and 8 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.
The company has a dividend yield of 5.49% with the ex dividend date set at 28-2-2023 (DMY).
Other points of data to note are a P/E ratio of 2.69, revenue per share of 2.9 and a 9.86% return on assets.
