Analyst Price Target is $23.50
▲ +49.30% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Eneti in the last 3 months. The average price target is $23.50, with a high forecast of $25.00 and a low forecast of $22.00. The average price target represents a 49.30% upside from the last price of $15.74.
Current Consensus is
The current consensus among 2 polled investment analysts is to buy stock in Eneti. This rating changed within the last month from a Hold consensus rating.
Eneti Inc., a shipping company, owns and operates dry bulk carriers worldwide. Its vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers. As of December 31, 2020, the company owned or finance leased 41 vessels consisting of 13 Kamsarmax vessels and 28 Ultramax vessels, as well as time chartered-in five Kamsarmax vessels. It also focuses on the marine-based renewable energy business, which include investing in the wind turbine installation vessels. The company was formerly known as Scorpio Bulkers Inc. and changed its name to Eneti Inc. in February 2021. Eneti Inc. was incorporated in 2013 and is based in Monaco.