In a report released today, James Jang from Maxim Group maintained a Buy rating on Seanergy Maritime (SHIP), with a price target of $2.50. The company’s shares closed yesterday at $0.66, close to its 52-week low of $0.60.
Jang wrote:
“Seanergy Maritime (SHIP) reported stronger than expected 3Q18 results with revenues of $16.9M, EBITDA of $10.1M, and operating EPS of $0.02 beating our estimates for revenues of $14.6M, EBITDA of $7.8M, and operating EPS of $0.01.”
According to TipRanks.com, Jang is a 4-star analyst with an average return of 6.4% and a 37.0% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Dynagas LNG Partners LP, and Nordic American Tanker.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Seanergy Maritime with a $2.50 average price target.
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The company has a one-year high of $1.19 and a one-year low of $0.60. Currently, Seanergy Maritime has an average volume of 195.6K.
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Seanergy Maritime Holdings Corp. is an international shipping company that provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. It currently owns a fleet of eleven dry bulk carriers, consisting of nine Capesizes and two Supramaxes.
