Seanergy Maritime Holdings Corp. (SHIP) Given $11.00 Average Target Price by Analysts

Shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus target price of $11.00 for the company and are anticipating that the company will post ($2.50) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Seanergy Maritime an industry rank of 227 out of 255 based on the ratings given to its competitors.

A number of research firms recently issued reports on SHIP. Maxim Group reduced their target price on Seanergy Maritime to $10.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. ValuEngine raised Seanergy Maritime from a “hold” rating to a “buy” rating in a research note on Tuesday, March 26th.

Shares of NASDAQ:SHIP traded down $0.19 during trading on Friday, hitting $4.07. 26,440 shares of the stock were exchanged, compared to its average volume of 105,869. The firm has a market capitalization of $11.44 million, a price-to-earnings ratio of -0.73 and a beta of 0.41. The company has a debt-to-equity ratio of 8.95, a current ratio of 0.47 and a quick ratio of 0.32. Seanergy Maritime has a 12-month low of $3.61 and a 12-month high of $16.35.

Seanergy Maritime (NASDAQ:SHIP) last announced its quarterly earnings results on Tuesday, March 19th. The shipping company reported ($1.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($1.64). Seanergy Maritime had a negative return on equity of 49.92% and a negative net margin of 23.01%. The firm had revenue of $26.99 million for the quarter, compared to analysts’ expectations of $23.92 million. On average, equities analysts anticipate that Seanergy Maritime will post -4.65 earnings per share for the current year.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of March 9, 2018, it owned a fleet of 11 dry bulk carriers consisting of 9 Capesizes and 2 Supramaxes with a combined cargo-carrying capacity of approximately 1,682,582 deadweight tons and an average fleet age of 8.9 years.

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