ValuEngine upgraded shares of Safe Bulkers (NYSE:SB) from a strong sell rating to a sell rating in a research note published on Tuesday, ValuEngine reports.

Other equities analysts have also recently issued research reports about the company. TheStreet upgraded Safe Bulkers from a d+ rating to a c rating in a report on Friday, April 12th. Maxim Group decreased their price objective on Safe Bulkers to $3.50 and set a buy rating for the company in a report on Wednesday, February 20th. Finally, Zacks Investment Research upgraded Safe Bulkers from a sell rating to a hold rating in a report on Wednesday, January 9th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $3.92.

Shares of NYSE SB opened at $1.62 on Tuesday. The stock has a market capitalization of $166.16 million, a PE ratio of 9.53 and a beta of 1.65. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.85 and a quick ratio of 1.78. Safe Bulkers has a fifty-two week low of $1.28 and a fifty-two week 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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The company had revenue of $52.57 million during the quarter, compared to the consensus estimate of $52.04 million. Safe Bulkers had a net margin of 14.19% and a return on equity of 6.30%. As a group, sell-side analysts forecast that Safe Bulkers will post 0.17 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in Safe Bulkers in the 4th quarter valued at about $37,000. MCF Advisors LLC acquired a new stake in Safe Bulkers in the 4th quarter valued at about $50,000. GSA Capital Partners LLP lifted its stake in Safe Bulkers by 198.0% in the 3rd quarter. GSA Capital Partners LLP now owns 53,700 shares of the shipping company’s stock valued at $155,000 after purchasing an additional 35,682 shares during the last quarter. Rhumbline Advisers lifted its stake in Safe Bulkers by 40.6% in the 4th quarter. Rhumbline Advisers now owns 69,840 shares of the shipping company’s stock valued at $124,000 after purchasing an additional 20,183 shares during the last quarter. Finally, Barclays PLC lifted its stake in Safe Bulkers by 284.7% in the 4th quarter. Barclays PLC now owns 106,971 shares of the shipping company’s stock valued at $191,000 after purchasing an additional 79,168 shares during the last quarter. Institutional investors and hedge funds own 19.22% of the company’s stock.

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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