Shares of Safe Bulkers, Inc. (NYSE:SB) have received an average recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $3.92.

Several analysts have recently weighed in on the stock. Maxim Group decreased their price target on shares of Safe Bulkers to $3.50 and set a “buy” rating for the company in a research note on Wednesday, February 20th. Zacks Investment Research raised shares of Safe Bulkers from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th.

NYSE SB traded up $0.02 during trading on Monday, hitting $1.56. The stock had a trading volume of 137,900 shares, compared to its average volume of 347,068. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.85 and a quick ratio of 1.78. The company has a market cap of $162.06 million, a P/E ratio of 9.18 and a beta of 1.65. Safe Bulkers has a one year low of $1.28 and a one year high of $3.90.

Safe Bulkers (NYSE:SB) last announced its quarterly earnings data on Tuesday, February 19th. The shipping company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The firm had revenue of $52.57 million during the quarter, compared to the consensus estimate of $52.04 million. Safe Bulkers had a return on equity of 6.30% and a net margin of 14.19%. As a group, equities research analysts expect that Safe Bulkers will post 0.17 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in Safe Bulkers in the fourth quarter worth approximately $37,000. MCF Advisors LLC bought a new position in Safe Bulkers in the fourth quarter worth approximately $50,000. Rhumbline Advisers raised its stake in Safe Bulkers by 40.6% in the fourth quarter. Rhumbline Advisers now owns 69,840 shares of the shipping company’s stock worth $124,000 after buying an additional 20,183 shares in the last quarter. GSA Capital Partners LLP raised its stake in Safe Bulkers by 198.0% in the third quarter. GSA Capital Partners LLP now owns 53,700 shares of the shipping company’s stock worth $155,000 after buying an additional 35,682 shares in the last quarter. Finally, Barclays PLC raised its stake in Safe Bulkers by 284.7% in the fourth quarter. Barclays PLC now owns 106,971 shares of the shipping company’s stock worth $191,000 after buying an additional 79,168 shares in the last quarter. 19.22% of the stock is owned by hedge funds and other institutional investors.

Safe Bulkers Company Profile

Safe Bulkers, Inc provides marine drybulk transportation services worldwide. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of February 14, 2019, the company had a fleet of 41 drybulk vessels having an average age of 8.5 years; and an aggregate carrying capacity of 3.8 million deadweight tons.

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Analyst Recommendations for Safe Bulkers (NYSE:SB)

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