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

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
Apr 2015JefferiesMaintainsBuy
Mar 2015CitigroupDowngradesBuyNeutral
Feb 2015Credit SuisseDowngradesOutperformNeutral

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...