Critical Survey: Genco Shipping & Trading (GNK) versus Its Peers

Genco Shipping & Trading (NYSE: GNK) is one of 44 publicly-traded companies in the “Deep sea foreign transportation of freight” industry, but how does it contrast to its rivals? We will compare Genco Shipping & Trading to related businesses based on the strength of its institutional ownership, risk, profitability, dividends, earnings, analyst recommendations and valuation.

Analyst Ratings

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This is a breakdown of current ratings and price targets for Genco Shipping & Trading and its rivals, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Genco Shipping & Trading 0 1 5 0 2.83
Genco Shipping & Trading Competitors 331 881 1005 10 2.31

Genco Shipping & Trading presently has a consensus target price of $17.83, suggesting a potential upside of 12.87%. As a group, “Deep sea foreign transportation of freight” companies have a potential upside of 36.22%. Given Genco Shipping & Trading’s rivals higher possible upside, analysts plainly believe Genco Shipping & Trading has less favorable growth aspects than its rivals.

Profitability

This table compares Genco Shipping & Trading and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Genco Shipping & Trading -28.00% -4.49% -2.90%
Genco Shipping & Trading Competitors -19.96% -4.22% -1.10%

Volatility & Risk

Genco Shipping & Trading has a beta of -0.08, indicating that its share price is 108% less volatile than the S&P 500. Comparatively, Genco Shipping & Trading’s rivals have a beta of 1.25, indicating that their average share price is 25% more volatile than the S&P 500.

Institutional and Insider Ownership

86.7% of Genco Shipping & Trading shares are owned by institutional investors. Comparatively, 44.8% of shares of all “Deep sea foreign transportation of freight” companies are owned by institutional investors. 10.3% of Genco Shipping & Trading shares are owned by insiders. Comparatively, 23.8% of shares of all “Deep sea foreign transportation of freight” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Earnings and Valuation

This table compares Genco Shipping & Trading and its rivals top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Genco Shipping & Trading $209.70 million -$58.72 million -12.25
Genco Shipping & Trading Competitors $322.00 million -$35.04 million -6.98

Genco Shipping & Trading’s rivals have higher revenue and earnings than Genco Shipping & Trading. Genco Shipping & Trading is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Summary

Genco Shipping & Trading rivals beat Genco Shipping & Trading on 10 of the 13 factors compared.

About Genco Shipping & Trading

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, such as commodities traders; producers; and government-owned entities. Its fleet consists of 60 drybulk carriers, including 13 Capesize, 6 Panamax, 4 Ultramax, 21 Supramax, 1 Handymax, and 15 Handysize drybulk carriers with an aggregate carrying capacity of approximately 4,688,000 deadweight tons. Genco Shipping & Trading Limited was founded in 2004 and is based in New York, New York.

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