Genco Shipping & Trading

Citi is out with its report today on Genco Shipping & Trading (NYSE: GNK), lowering its PT from $8.00 to $7.50. In a note to clients, Citi writes, "While Genco is being proactive with its lenders, we believe uncertainty regarding the final outcome exists. It's clear that an amendment of its...

Citigroup has lowered the price target on Genco Shipping & Trading (NYSE: GNK) from $8 to $7.50 and maintains its Sell rating.

Deutsche Bank is maintaining its Hold rating and its $8 price target on Genco Shipping (NYSE: GNK) following Q1 results ahead of estimates. Says Deutsche Bank, in the report, “After Tuesday's close, GNK reported Q1 EPS of $0.38, ahead of our estimate of $0.27, and above Consensus of $0.36. GNK...

Citigroup has downgraded Genco Shipping & Trading (NYSE: GNK) from Hold to Sell and has lowered the price target from $13 to $8.

According to Citi, Genco Shipping & Trading (NYSE: GNK) fleet growth continues. Citi reported that Genco has taken delivery of Genco Rhodes, a 58,000-dwt Supramax newbuild and the final delivery from its 13 Supramax fleet acquisition from Bourbon announced in 2010. “Rhodes will be chartered to...

Citigroup has lowered the price target on Genco Shipping & Trading (NYSE: GNK) from $16 to $14 and maintains its Hold rating.

Dahlman Rose has published a research report on Genco Shipping & Trading (NYSE: GNK) after the company reported solid 3Q EPS ahead of analyst expectations. In the report, Dahlman Rose writes "Genco reported 3Q10 EPS of $0.99, beating our $0.86 estimate as well as the $0.96 consensus forecast....

Dahlman Rose has issued its Martime Report that benchmark 4Q2010 iron ore prices will be finalized this week, with average spot prices just under $137/ton, which is an $18/ton discount to Chinese spot levels, leaving the dry bulk market well positioned for the coming months, Dahlman reports. Here...

Baltic Trading LTD (NYSE: BALT) shares were down slightly on Wednesday from its IPO price of $14. The IPO was priced within the expected range of $14 and $16, when the New York-based dry bulk shipper sold 16.3 million shares for $14 each, or $228.2 million in total. Baltic Trading was formed by...