24 June, 2017
The shipping company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.20) by $0.03. The share price has moved forward from its 20 days moving average, trading at a distance of 5.68% and stays -2.77% away from its 50 days moving average. The SI to Safe Bulkers Incorporated's float is 2.43%. The stock increased 1.67% or $0.34 during the last trading session, reaching $20.65. Based on a recent trade, the shares are hovering around $2.55 which, according to analysts, yield significant upside potential to the $6.00 consensus target price. It is down 50.16% since June 23, 2016 and is uptrending. It has outperformed by 59.20% the S&P500. The Blue Chip Partners Inc holds 71,189 shares with $5.99 million value, up from 63,223 last quarter. Fedex Corp now has $57.49B valuation. Teachers Advisors LLC now owns 130,762 shares of the shipping company's stock valued at $660,000 after buying an additional 75,323 shares in the last quarter. It has outperformed by 33.46% the S&P500.
Among 7 analysts covering Safe Bulkers (NYSE:SB), 2 have Buy rating, 2 Sell and 3 Hold. Therefore 29% are positive.
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01/23/2017 - Scorpio Bulkers Inc. had its " rating reiterated by analysts at Jefferies. The company was downgraded on Thursday, January 7 by Stifel Nicolaus. The rating was reinitiated by Seaport Global with "Buy" on Tuesday, August 2.
01/03/2017 - Scorpio Bulkers Inc. was upgraded to " by analysts at Deutsche Bank. Scorpio Bulkers earned a coverage optimism score of -0.04 on Accern's scale. The rating was maintained by Jefferies with "Buy" on Friday, March 18. The company was maintained on Friday, July 22 by Stifel Nicolaus. The firm has "Overweight" rating by Morgan Stanley given on Tuesday, March 28.
01/20/2017 - Stifel Nicolaus began new coverage on Safe Bulkers, Inc giving the company a "hold" rating. The stock's market capitalization is $441.17 million. The Company's principal business is the acquisition, ownership and operation of drybulk vessels. It now has negative earnings. The Company's products are sold across the world and worn by athletes at all levels, from youth to professional, on playing fields around the globe, as well as by clients with active lifestyles. About shares traded. Scorpio Bulkers Inc (NYSE:SALT) has risen 75.90% since June 21, 2016 and is uptrending. Therefore 13% are positive. Edwards Lifesciences Corp had 61 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Wood with "Market Perform" on Wednesday, September 2. The company was downgraded on Monday, August 24 by Zacks. As per Thursday, May 19, the company rating was maintained by Citigroup. The firm earned "Buy" rating on Tuesday, January 3 by Deutsche Bank. The original version of this piece can be read at https://transcriptdaily.com/2017/06/22/safe-bulkers-inc-sb-stock-rating-upgraded-by-thestreet-updated.html. They set an "equal weight" rating and a $10.50 price objective on the stock. JP Morgan initiated Scorpio Bulkers Inc (NYSE:SALT) on Thursday, October 15 with "Neutral" rating. Benchmark has "Buy" rating and $105 target. UBS maintained it with "Buy" rating and $1.50 target in Tuesday, December 1 report.
Bartlett & Co increased Vanguard Short (VCSH) stake by 12,885 shares to 302,132 valued at $23.98 million in 2016Q4. It also upped Health Care Select Sector Spdr (XLV) stake by 9,350 shares and now owns 10,053 shares.
