Head to Head Survey: Baltic Trading (BALT) & Its Peers
Baltic Trading (NYSE: BALT) is one of 25 publicly-traded companies in the “Deep Sea Freight” industry, but how does it weigh in compared to its peers? We will compare Baltic Trading to similar businesses based on the strength of its valuation, profitability, dividends, analyst recommendations, earnings, risk and institutional ownership.
This table compares Baltic Trading and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Baltic Trading Competitors||-63.23%||-15.17%||-5.27%|
This is a summary of current ratings and price targets for Baltic Trading and its peers, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Baltic Trading Competitors||149||485||599||5||2.37|
As a group, “Deep Sea Freight” companies have a potential upside of 31.66%. Given Baltic Trading’s peers higher probable upside, analysts plainly believe Baltic Trading has less favorable growth aspects than its peers.
Institutional and Insider Ownership
55.1% of shares of all “Deep Sea Freight” companies are held by institutional investors. 4.1% of shares of all “Deep Sea Freight” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
Volatility & Risk
Baltic Trading has a beta of 1.33, meaning that its stock price is 33% more volatile than the S&P 500. Comparatively, Baltic Trading’s peers have a beta of 1.88, meaning that their average stock price is 88% more volatile than the S&P 500.
Earnings & Valuation
This table compares Baltic Trading and its peers gross revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Baltic Trading Competitors||$220.64 million||-$76.22 million||17.02|
Baltic Trading’s peers have higher revenue, but lower earnings than Baltic Trading. Baltic Trading is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Baltic Trading peers beat Baltic Trading on 8 of the 8 factors compared.
About Baltic Trading
Baltic Trading Limited is a shipping business focused on the drybulk industry spot market. The Company’s fleet consists of four Capesize vessels, two Ultramax vessels, four Supramax vessels and five Handysize vessels with an aggregate carrying capacity of approximately 1,221,000 deadweight tons. Its fleet contains six groups of sister ships, which are vessels of virtually identical sizes and specifications. It operates a fleet of drybulk ships that transport iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes around the world. It operates its vessels on spot market-related time charters, short-term time charters or in vessel pools trading in the spot market. Genco Shipping & Trading Limited (Genco) serves as the Company’s manager. Genco provides it with commercial and strategic management of its fleet.
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