Safe Bulkers (SB) Getting Somewhat Positive News Coverage, Report Shows
News coverage about Safe Bulkers (NYSE:SB) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Safe Bulkers earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the shipping company an impact score of 45.1458570798562 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Safe Bulkers, Inc. (SB) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Safe Bulkers (SB) Coverage Initiated at Jefferies Group (americanbankingnews.com)
- Safe Bulkers, Inc. Announces the Acquisition of a Post-Panamax … – GlobeNewswire (press release) (globenewswire.com)
- Safe Bulkers, Inc. Announces the Acquisition of a Post-Panamax Class Dry-bulk Vessel (feeds.benzinga.com)
Safe Bulkers (NYSE SB) opened at $3.29 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.28 and a quick ratio of 2.28. Safe Bulkers has a twelve month low of $1.14 and a twelve month high of $3.79.
A number of analysts recently issued reports on the stock. Jefferies Group started coverage on shares of Safe Bulkers in a report on Monday. They set a “hold” rating and a $3.00 price target on the stock. ValuEngine downgraded shares of Safe Bulkers from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Maxim Group set a $5.00 price objective on shares of Safe Bulkers and gave the company a “buy” rating in a report on Sunday, November 19th. Citigroup increased their price objective on shares of Safe Bulkers from $2.00 to $2.50 and gave the company a “sell” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of Safe Bulkers from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Safe Bulkers currently has a consensus rating of “Hold” and an average target price of $3.10.
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Safe Bulkers Company Profile
Safe Bulkers, Inc is a holding company. The Company’s principal business is the acquisition, ownership and operation of drybulk vessels. The Company’s vessels operate across the world, carrying drybulk cargo for the consumers of marine drybulk transportation services. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along shipping routes across the world.
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