Noble Financial analyst Poe Fratt downgraded Seanergy Maritime (SHIP) to Buy yesterday and set a price target of $1.60. The company’s shares closed yesterday at $0.61, close to its 52-week low of $0.52.
According to TipRanks.com, Fratt is ranked #3229 out of 5223 analysts.
Seanergy Maritime has an analyst consensus of Moderate Buy, with a price target consensus of $2.80, which is a 359.0% upside from current levels. In a report issued on June 17, Maxim Group also maintained a Buy rating on the stock with a $4 price target.
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Based on Seanergy Maritime’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $8.64 million. In comparison, last year the company had a GAAP net loss of $8.87 million.
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Seanergy Maritime Holdings Corp. is a shipping company, which engages in the seaborne transportation of dry bulk commodities. It focuses on owning and management of fleet of Capesize bulk carriers. The company was founded on January 4, 2008 and is headquartered in Athens, Greece.
