
Safe Bulkers (SB) Stock Forecast & Price Target
Safe Bulkers (SB) Analyst Ratings
Bulls say
Safe Bulkers Inc. reported an Adjusted EBITDA of $29.4 million, outperforming both the $27.2 million consensus and the company's own forecast of $26.3 million, indicating robust operational performance. The company's strategic mix of spot and period charters has enabled profitability even amid challenging market conditions, evidenced by a revenue backlog of $179 million that offers significant cash flow visibility. Additionally, the fleet's average time charter equivalent (TCE) earnings of $14,655 per day exceeded expectations, contributing to the positive financial outlook for the company.
Bears say
Safe Bulkers Inc. exhibits several concerning financial metrics that contribute to a negative outlook on its stock. The company's net loan-to-value (net-LTV) ratio stands at 37.5% with a net debt per vessel reduced to $8.5 million, suggesting manageable debt levels; however, the persistently low average spot rates for its Kamsarmax/Panamax fleet, below $10,000 per day during a seasonally weak quarter, indicate stagnant revenue potential. Furthermore, despite reducing its share count by approximately 14% through buybacks over the past three years, the stock continues to trade below its assessed net asset value (NAV) of $8.40 per share, reflecting ongoing market skepticism about its growth prospects and underlying asset value.
This aggregate rating is based on analysts' research of Safe Bulkers and is not a guaranteed prediction by Public.com or investment advice.
Safe Bulkers (SB) Analyst Forecast & Price Prediction
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