Analysts Set Genco Shipping & Trading Limited (NYSE:GNK) Target Price at $26.00

Posted by Francis Steltz on Aug 21st, 2026

Shares of Genco Shipping & Trading Limited (NYSE:GNK – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $26.00.

Several brokerages have recently weighed in on GNK. Alliance Global Partners reiterated a “neutral” rating on shares of Genco Shipping & Trading in a research note on Wednesday, June 17th. Zacks Research raised Genco Shipping & Trading from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Genco Shipping & Trading in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $29.00 target price on shares of Genco Shipping & Trading in a report on Friday, May 8th. Finally, B. Riley Financial restated a “buy” rating on shares of Genco Shipping & Trading in a research note on Friday, August 7th.

Check Out Our Latest Report on Genco Shipping & Trading

Institutional Trading of Genco Shipping & Trading

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in shares of Genco Shipping & Trading by 100.3% during the 4th quarter. Millennium Management LLC now owns 543,290 shares of the shipping company’s stock valued at $10,013,000 after acquiring an additional 272,094 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Genco Shipping & Trading by 364.8% in the 1st quarter. SG Americas Securities LLC now owns 307,663 shares of the shipping company’s stock worth $6,938,000 after acquiring an additional 241,471 shares during the last quarter. First Trust Advisors LP raised its position in shares of Genco Shipping & Trading by 705.9% during the third quarter. First Trust Advisors LP now owns 133,631 shares of the shipping company’s stock worth $2,379,000 after purchasing an additional 117,049 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Genco Shipping & Trading during the first quarter worth $2,552,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Genco Shipping & Trading by 56.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 286,568 shares of the shipping company’s stock valued at $6,462,000 after purchasing an additional 102,868 shares during the last quarter. Hedge funds and other institutional investors own 58.62% of the company’s stock.

Genco Shipping & Trading Stock Performance

Shares of Genco Shipping & Trading stock opened at $26.02 on Friday. Genco Shipping & Trading has a one year low of $15.55 and a one year high of $27.25. The company has a market cap of $1.13 billion, a PE ratio of 28.59, a P/E/G ratio of 3.03 and a beta of 0.94. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.41 and a current ratio of 2.97. The business has a 50-day simple moving average of $25.00 and a 200-day simple moving average of $23.90.

Genco Shipping & Trading (NYSE:GNK – Get Free Report) last issued its earnings results on Wednesday, August 5th. The shipping company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.05. Genco Shipping & Trading had a net margin of 9.15% and a return on equity of 6.46%. The firm had revenue of $136.41 million for the quarter, compared to analysts’ expectations of $90.59 million. During the same quarter last year, the company earned ($0.16) earnings per share. The firm’s revenue was up 68.5% compared to the same quarter last year. On average, equities research analysts forecast that Genco Shipping & Trading will post 2.25 EPS for the current fiscal year.

Genco Shipping & Trading Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, August 17th. This is a positive change from Genco Shipping & Trading’s previous quarterly dividend of $0.35. This represents a $3.20 dividend on an annualized basis and a yield of 12.3%. Genco Shipping & Trading’s dividend payout ratio (DPR) is presently 351.65%.

About Genco Shipping & Trading

(Get Free Report)

Genco Shipping & Trading Limited is a leading global owner and operator of drybulk vessels, providing seaborne transportation services for major commodities such as iron ore, coal, grain and fertilizers. The company’s fleet comprises Capesize, Panamax and Supramax vessels, which are chartered to a broad base of international charterers under both spot and period contracts. Genco’s focus on modern, fuel-efficient tonnage supports reliable cargo delivery across a variety of trade routes and market conditions.

In addition to vessel ownership and operation, Genco offers ship management, maintenance and technical support services designed to maximize fleet performance and safety.