Jefferies Reconfirmed Safe Bulkers (NYSE:SB) As a “Hold”; They Now Have a Target Of $2.5

September 17, 2017 - By Clifton Ray

 Jefferies Reconfirmed Safe Bulkers (NYSE:SB) As a

Safe Bulkers (NYSE:SB) Rating Reaffirmed

The financial company has just set a price target of $2.5 on Safe Bulkers (NYSE:SB) shares. This is -25.60 % from the close price. In a research note issued to clients and investors on Monday morning, Jefferies reconfirmed their “Hold” rating on shares of SB.

Safe Bulkers, Inc. (NYSE:SB) Ratings Coverage

Among 8 analysts covering Safe Bulkers (NYSE:SB), 3 have Buy rating, 2 Sell and 3 Hold. Therefore 38% are positive. Safe Bulkers has $5.0 highest and $0.25 lowest target. $2.20’s average target is -34.52% below currents $3.36 stock price. Safe Bulkers had 17 analyst reports since October 23, 2015 according to SRatingsIntel. The stock of Safe Bulkers, Inc. (NYSE:SB) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, December 15. The company was maintained on Monday, July 3 by Jefferies. The stock has “Hold” rating by Jefferies on Tuesday, May 30. The company was downgraded on Friday, October 23 by Jefferies. The rating was upgraded by Morgan Stanley on Tuesday, March 28 to “Overweight”. The firm has “Buy” rating given on Monday, August 21 by Maxim Group. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, July 18. DNB Markets upgraded the shares of SB in report on Friday, January 27 to “Buy” rating. The rating was maintained by Jefferies with “Hold” on Monday, August 7. The firm earned “Underperform” rating on Friday, July 29 by Credit Suisse.

The stock decreased 0.59% or $0.02 on September 15, reaching $3.36. About 590,596 shares traded. Safe Bulkers, Inc. (NYSE:SB) has risen 124.94% since September 17, 2016 and is uptrending. It has outperformed by 108.24% the S&P500.

Wall Street await Safe Bulkers, Inc. (NYSE:SB) to release earnings on October, 30. Analysts forecast EPS of $-0.04, up exactly $0.11 or 73.33 % from 2014’s $-0.15 EPS. After posting $-0.07 EPS for the previous quarter, Safe Bulkers, Inc.’s analysts now forecast -42.86 % EPS growth.

Safe Bulkers, Inc. is a holding company. The company has market cap of $341.09 million. The Company’s principal business is the acquisition, ownership and operation of drybulk vessels. It currently has negative earnings. The Company’s vessels operate across the world, carrying drybulk cargo for the clients of marine drybulk transportation services.

Another recent and important Safe Bulkers, Inc. (NYSE:SB) news was published by which published an article titled: “Bulking On Safe Bulkers” on September 15, 2017.

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