Safe Bulkers, Inc with ticker code (SB) now have 3 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 6.6 and 2.85 with the average target price sitting at $4.15. Given that the stocks previous close was at $3.57 and the analysts are correct then we can expect a percentage increase in value of 16.2%. The 50 day MA is $3.38 and the 200 day MA is $3.24. The company has a market cap of $422m. Company Website: https://www.safebulkers.com
The potential market cap would be $491m 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 5.87% with the ex dividend date set at 28-2-2023 (DMY).
Other points of data to note are a P/E ratio of 2.5, revenue per share of 2.9 and a 9.86% return on assets.
