Safe Bulkers, Inc which can be found using ticker (SB) have now 3 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 6.6 and 2.85 and has a mean target at $4.15. Now with the previous closing price of $3.55 this is indicating there is a potential upside of 16.9%. The day 50 moving average is $3.39 while the 200 day moving average is $3.23. The company has a market capitalization of $433m. Company Website: https://www.safebulkers.com
The potential market cap would be $506m based on the market consensus.
Safe Bulkers, 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 was incorporated in 2007 and is based in Monaco.
The company has a dividend yield of 5.63% with the ex dividend date set at 28-2-2023 (DMY).
Other points of data to note are a P/E ratio of 2.62, revenue per share of 2.9 and a 9.86% return on assets.
