NYSE:SB - Safe Bulkers Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

Consensus Rating: Buy
Consensus Price Target: $2.67
Forecasted Upside: -37.40 %
Number of Analysts: 3
Breakdown:
0 Sell Ratings
1 Hold Ratings
2 Buy Ratings
0 Strong Buy Ratings

^$4.26 As of 05/10/2021 03:03 PM ET

▲ +0.26 (6.50%)

1 month | 3 months | 12 months

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Analyst Price Target for SB

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

^$2.67

▼ -37.40% Downside Potential

This price target is based on 3 analysts offering 12 month price targets for Safe Bulkers in the last 3 months. The average price target is $2.67, with a high forecast of $3.50 and a low forecast of $1.50. The average price target represents a -37.40% upside from the last price of $4.26.

Buy

The current consensus among 3 investment analysts is to buy stock in Safe Bulkers. This rating has held steady since February 2021, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
1 buy ratings
0 hold ratings
0 sell ratings

Ratings as of

11/17/2019

0 strong buy ratings
1 buy ratings
0 hold ratings
0 sell ratings

Ratings as of

2/15/2020

0 strong buy ratings
0 buy ratings
0 hold ratings
1 sell ratings

Ratings as of

5/15/2020

0 strong buy ratings
1 buy ratings
1 hold ratings
1 sell ratings

Ratings as of

8/13/2020

0 strong buy ratings
2 buy ratings
1 hold ratings
1 sell ratings

Ratings as of

11/11/2020

0 strong buy ratings
2 buy ratings
1 hold ratings
1 sell ratings

Ratings as of

2/9/2021

0 strong buy ratings
2 buy ratings
1 hold ratings
0 sell ratings

Ratings as of

4/10/2021

0 strong buy ratings
2 buy ratings
1 hold ratings
0 sell ratings

Ratings as of

5/10/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price	Details
5/6/2021	Jefferies Financial Group	Boost Price Target	Hold	$3.00 ➝ $3.50	Low	i
2/1/2021	Stifel Nicolaus	Upgrade	Hold ➝ Buy	$1.50 ➝ $3.00	Low	i
1/29/2021	Jefferies Financial Group	Downgrade	Buy ➝ Hold	$1.50 ➝ $1.75	High	i
10/23/2020	Jefferies Financial Group	Lower Price Target	Buy	$1.75 ➝ $1.50	Medium	i
10/19/2020	Stifel Nicolaus	Lower Price Target	Hold	$1.75 ➝ $1.50	High	i
8/10/2020	Jefferies Financial Group	Reiterated Rating	Buy		High	i
7/29/2020	DNB Markets	Upgrade	Hold ➝ Buy	$1.50	High	i
3/2/2020	Citigroup	Lower Price Target	Sell	$1.25 ➝ $0.40	Medium	i
2/20/2019	Maxim Group	Lower Price Target	Buy	$3.50	High	i
11/9/2018	Jefferies Financial Group	Upgrade	Hold ➝ Buy	$4.00	High	i Rating by Randy Giveans at Jefferies Financial Group Inc.
10/18/2018	Evercore ISI	Upgrade	In-Line ➝ Outperform	$4.00 ➝ $4.50	High	i
7/31/2018	Seaport Global Securities	Upgrade	Neutral ➝ Buy	$3.50 ➝ $5.00	Low	i Rating by M. Fyhr at Seaport Global Securities
7/23/2018	Maxim Group	Reiterated Rating	Buy	$6.00	Low	i
4/23/2018	Stifel Nicolaus	Set Price Target	Hold	$3.00	High	i Rating by Benjamin Nolan at Stifel Nicolaus
4/17/2018	Morgan Stanley	Lower Price Target	Equal Weight ➝ Equal Weight	$3.70 ➝ $3.50	Low	i Rating by Fotis Giannakoulis at Morgan Stanley
2/15/2018	Stifel Nicolaus	Set Price Target	Hold	$3.00	Low	i Rating by Benjamin Nolan at Stifel Nicolaus
2/15/2018	Maxim Group	Reiterated Rating	Buy ➝ Buy	$5.00 ➝ $5.50	High	i Rating by James Jang at Maxim Group
2/12/2018	Morgan Stanley	Downgrade	Overweight ➝ Equal Weight	$4.00	High	i
12/18/2017	Jefferies Financial Group	Initiated Coverage	Hold ➝ Hold	$3.00	High	i Rating by Randy Giveans at Jefferies Financial Group Inc.
11/19/2017	Maxim Group	Set Price Target	Buy	$5.00	N/A	i Rating by James Jang at Maxim Group
11/3/2017	Jefferies Financial Group	Reiterated Rating	Neutral ➝ Hold		N/A	i
11/2/2017	Citigroup	Boost Price Target	Sell	$2.00 ➝ $2.50	N/A	i
10/31/2017	Maxim Group	Set Price Target	Buy	$5.00	N/A	i Rating by James Jang at Maxim Group
10/21/2017	Stifel Nicolaus	Set Price Target	Hold	$2.00	N/A	i Rating by Benjamin Nolan at Stifel Nicolaus
10/19/2017	Maxim Group	Set Price Target	Buy	$5.00	N/A	i Rating by James Jang at Maxim Group
8/21/2017	Maxim Group	Initiated Coverage	Buy	$5.00	Medium	i
7/19/2017	Stifel Nicolaus	Reiterated Rating	Hold	$2.25	Low	i Rating by Benjamin Nolan at Stifel Nicolaus
7/4/2017	Jefferies Financial Group	Reiterated Rating	Hold	$2.50	Medium	i
4/24/2017	Jefferies Financial Group	Boost Price Target	Hold	$1.50 ➝ $2.50	High	i
3/28/2017	Morgan Stanley	Upgrade	Equal Weight ➝ Overweight	$1.30 ➝ $3.00	High	i
2/24/2017	Evercore ISI	Upgrade	Sell ➝ Hold		N/A	i
1/27/2017	DNB Markets	Upgrade	Hold ➝ Buy		N/A	i
1/20/2017	Stifel Nicolaus	Initiated Coverage	Hold	$1.50	N/A	i
10/31/2016	Clarkson Capital	Reiterated Rating	Neutral		N/A	i Rating by J. Gandolfo at Clarkson Capital
9/12/2016	Jefferies Financial Group	Reiterated Rating	Hold		N/A	i Rating by douglas mavrinac at Jefferies Financial Group Inc.
9/6/2016	Jefferies Financial Group	Reiterated Rating	Hold		N/A	i Rating by douglas mavrinac at Jefferies Financial Group Inc.
8/2/2016	Seaport Global Securities	Initiated Coverage	Neutral	$1.00	N/A	i Rating by M. Fyhr at Seaport Global Securities
8/1/2016	Morgan Stanley	Set Price Target	Hold	$1.10 ➝ $1.20	N/A	i Rating by Fotis Giannakoulis at Morgan Stanley
7/29/2016	Credit Suisse Group	Downgrade	Neutral ➝ Underperform	$1.00	N/A	i Rating by Gregory Lewis at Credit Suisse Group AG
6/3/2016	Credit Suisse Group	Reiterated Rating	Hold		N/A	i

(Data available from 5/10/2016 forward)

Safe Bulkers, Inc. provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 15, 2021, the company had a fleet of 43 drybulk vessels having an average age of 10.3 years; and an aggregate carrying capacity of 3,937,000 deadweight tons. Its fleet consisted of 15 Panamax class vessels, 10 Kamsarmax class vessels, 14 post- Panamax class vessels, and four Capesize class vessels. The company was incorporated in 2007 and is based in Monaco.

Today's Range

Now: $4.26

$4.02

$4.34

50 Day Range

MA: $2.75

$2.12

$4.21

52 Week Range

Now: $4.26

$0.82

$4.30

Volume

84,317 shs

Average Volume

1,003,055 shs

Market Capitalization

$435.27 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

0.95

Frequently Asked Questions

What sell-side analysts currently cover shares of Safe Bulkers?

The following Wall Street analysts have issued reports on Safe Bulkers in the last year: DNB Markets, Jefferies Financial Group Inc., Stifel Nicolaus, TheStreet, and Zacks Investment Research.
View the latest analyst ratings for SB.

What is the current price target for Safe Bulkers?

3 Wall Street analysts have set twelve-month price targets for Safe Bulkers in the last year. Their average twelve-month price target is $2.67, suggesting a possible downside of 37.4%. Jefferies Financial Group Inc. has the highest price target set, predicting SB will reach $3.50 in the next twelve months. DNB Markets has the lowest price target set, forecasting a price of $1.50 for Safe Bulkers in the next year.
View the latest price targets for SB.

What is the current consensus analyst rating for Safe Bulkers?

Safe Bulkers currently has 1 hold rating and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe SB will outperform the market and that investors should add to their positions of Safe Bulkers.
View the latest ratings for SB.

What other companies compete with Safe Bulkers?

Other companies that are similar to Safe Bulkers include Frontline, Costamare, Danaos, Scorpio Tankers, SFL, DHT, Seacor, TORM, Genco Shipping & Trading, Navigator, Navios Maritime Partners, Eagle Bulk Shipping, Dorian LPG, Global Ship Lease and Castor Maritime.

How do I contact Safe Bulkers' investor relations team?

Safe Bulkers' physical mailing address is APT. D11 LES ACANTHES 6 AVENUE DES CITRONNIERS, MONACO O9, MC98000. The shipping company's listed phone number is 011-30-21-1188-8400 and its investor relations email address is [email protected] The official website for Safe Bulkers is www.safebulkers.com.