It’s been a crucial week for Safe Bulkers, Inc. (NYSE:SB); here’s what analysts have to say.

January 21, 2018 - By Stephen Andrade

 It's been a crucial week for Safe Bulkers, Inc. (NYSE:SB); here's what analysts have to say.

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 had 22 analyst reports since October 23, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Seaport Global given on Tuesday, August 2. The stock of Safe Bulkers, Inc. (NYSE:SB) earned “Sell” rating by Citigroup on Thursday, November 2. The stock has “Hold” rating by Stifel Nicolaus on Friday, October 20. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, March 28. Jefferies maintained Safe Bulkers, Inc. (NYSE:SB) rating on Monday, September 11. Jefferies has “Hold” rating and $2.5 target. The stock of Safe Bulkers, Inc. (NYSE:SB) earned “Hold” rating by Stifel Nicolaus on Friday, January 20. Jefferies maintained the shares of SB in report on Monday, October 16 with “Hold” rating. As per Tuesday, July 18, the company rating was maintained by Stifel Nicolaus. The stock has “Buy” rating by Maxim Group on Monday, August 21. Jefferies maintained it with “Hold” rating and $2.5000 target in Tuesday, May 30 report. Below is a list of Safe Bulkers, Inc. (NYSE:SB) latest ratings and price target changes.

18/12/2017 Broker: Jefferies Rating: Hold New Target: $3.0 Initiate
17/11/2017 Broker: Maxim Group Rating: Buy New Target: $5.0 Maintain
02/11/2017 Broker: Citigroup Rating: Sell Old Target: $2 New Target: $2.5 Maintain
20/10/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $2.25 Maintain
16/10/2017 Broker: Jefferies Rating: Hold New Target: $2.5 Maintain
11/09/2017 Broker: Jefferies Rating: Hold New Target: $2.5 Maintain
21/08/2017 Broker: Maxim Group Rating: Buy New Target: $5.0 Maintain
21/08/2017 Broker: Inc Common Stock ($0.001 par value) Rating: Maxim Group 5
07/08/2017 Broker: Jefferies Rating: Hold New Target: $2.5000 Maintain

The stock decreased 0.28% or $0.01 during the last trading session, reaching $3.59. About 563,645 shares traded or 20.11% up from the average. Safe Bulkers, Inc. (NYSE:SB) has risen 124.94% since January 21, 2017 and is uptrending. It has outperformed by 108.24% the S&P500.

Safe Bulkers, Inc. provides marine drybulk transportation services worldwide. The company has market cap of $364.48 million. It is involved in the acquisition, ownership, and operation of drybulk vessels for transporting bulk cargoes, primarily coal, grain, and iron ore. It currently has negative earnings. As of February 17, 2017, the firm had a fleet of 38 drybulk vessels with an aggregate carrying capacity of 3,421,800 deadweight tons.

More important recent Safe Bulkers, Inc. (NYSE:SB) news were published by: Globenewswire.com which released: “Safe Bulkers Issues Notice of Redemption of Series B Preferred Shares” on January 19, 2018, also Prnewswire.com published article titled: “Morning Technical Insight on These Shipping Stocks — Safe Bulkers, Ship …”, Nasdaq.com published: “CEOs of Safe Bulkers, Seanergy Maritime & Star Bulk Carriers to Discuss the …” on January 19, 2018. More interesting news about Safe Bulkers, Inc. (NYSE:SB) was released by: Nasdaq.com and their article: “Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series B …” with publication date: January 12, 2018.

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