Jefferies Cuts Price Target on SafeBulkers (SB) Post Q3
Tweet Send to a FriendGet Alerts SB Hot Sheet
Price: $5.30 +1.15%
Rating Summary:
1 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
1 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade SB Now!
Jefferies cut its price target on Safe Bulkers (NYSE: SB) from $6 to $4 following Q3 results. They maintained a Hold rating.
The firm comments, "...Safe Bulkers reported adjusted 3Q12 EPS of $0.30 which was better than both Street consensus of $0.29 and our estimate of $0.27 primarily due to higher than expected charter rates earned during the quarter and lower than expected vessel operating expenses incurred during the quarter."
The firm raised FY12 EPS from $1.15 to $1.18 and cut FY13 from $1.32 to $1.09.
For an analyst ratings summary and ratings history on Safe Bulkers click here. For more ratings news on Safe Bulkers click here.
Shares of Safe Bulkers closed at $3.66 yesterday, with a 52 week range of $3.23-$7.73.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The firm comments, "...Safe Bulkers reported adjusted 3Q12 EPS of $0.30 which was better than both Street consensus of $0.29 and our estimate of $0.27 primarily due to higher than expected charter rates earned during the quarter and lower than expected vessel operating expenses incurred during the quarter."
The firm raised FY12 EPS from $1.15 to $1.18 and cut FY13 from $1.32 to $1.09.
For an analyst ratings summary and ratings history on Safe Bulkers click here. For more ratings news on Safe Bulkers click here.
Shares of Safe Bulkers closed at $3.66 yesterday, with a 52 week range of $3.23-$7.73.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- Deutsche Bank Raises PT on Access Midstream Partners (ACMP) to $57
- UBS Survey Shows Signs of Strength for Gilead's (GILD) TAF
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & Co
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
