Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Safe Bulkers

Share:
Related SB
A Look At The Baltic Dry Index And Performance Of Shipping Stocks
Dry Bulk Shipping Index On The Move, Dry Bulk Stocks On The Rise
Could The Now Humbled Drybulk Shipping Unknowingly Spark A Rally? (Seeking Alpha)

In a report published Friday, Jefferies & Company reiterated its Hold rating on Safe Bulkers (NYSE: SB), but lowered its price target from $6.00 to $4.00.

Jefferies noted, “Yesterday after the market close, Safe Bulkers reported adjusted 3Q12 EPS of $0.30 which was better than both Street consensus of $0.29 and our estimate of $0.27 primarily due to higher than expected charter rates earned during the quarter and lower than expected vessel operating expenses incurred during the quarter.”

Safe Bulkers closed on Thursday at $4.91.

Latest Ratings for SB

DateFirmActionFromTo
May 2015Bank of AmericaDowngradesNeutralUnderperform
Apr 2015JefferiesMaintainsBuy
Mar 2015CitigroupDowngradesBuyNeutral

View More Analyst Ratings for SB
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (SB)

Around the Web, We're Loving...