Market Overview

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

Share:
Related SB
20 Biggest Mid-Day Gainers For Tuesday
Benzinga's Top Upgrades, Downgrades For March 28, 2017
Dow Upends Losing Streak: Amazon, Apple Do Heavy Lifting (Investor's Business Daily)

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
Mar 2017Morgan StanleyUpgradesEqual-WeightOverweight
Jan 2017DNB MarketsUpgradesBuy
Jan 2017Stifel NicolausInitiates Coverage OnHold

View More Analyst Ratings for SB
View the Latest Analyst Ratings

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

 

Related Articles (SB)

View Comments and Join the Discussion!