News headlines about Safe Bulkers (NYSE:SB) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Safe Bulkers earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the shipping company an impact score of 46.6578525106076 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
Shares of Safe Bulkers (NYSE:SB) traded up $0.18 during trading hours on Wednesday, hitting $3.45. The stock had a trading volume of 316,721 shares, compared to its average volume of 437,066. Safe Bulkers has a one year low of $1.23 and a one year high of $3.84. The firm has a market cap of $350.27, a price-to-earnings ratio of -18.16 and a beta of 2.13. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.28 and a quick ratio of 2.28.
SB has been the subject of several analyst reports. ValuEngine downgraded Safe Bulkers from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Maxim Group set a $5.00 price objective on Safe Bulkers and gave the stock a “buy” rating in a research note on Sunday, November 19th. Jefferies Group reaffirmed a “hold” rating on shares of Safe Bulkers in a research note on Friday, November 3rd. Zacks Investment Research raised Safe Bulkers from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, Citigroup increased their price objective on Safe Bulkers from $2.00 to $2.50 and gave the company a “sell” rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $3.46.
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About Safe Bulkers
Safe Bulkers, Inc is a holding company. The Company’s principal business is the acquisition, ownership and operation of drybulk vessels. The Company’s vessels operate across the world, carrying drybulk cargo for the consumers of marine drybulk transportation services. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along shipping routes across the world.
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