Safe Bulkers, Inc – Consensus Indicates Potential 17.6% Upside

Broker Ratings

Safe Bulkers, Inc which can be found using ticker (SB) now have 3 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The range between the high target price and low target price is between 6.6 and 2.85 calculating the average target price we see $4.15. Given that the stocks previous close was at $3.53 this would indicate that there is a potential upside of 17.6%. Also worth taking note is the 50 day moving average now sits at $3.29 and the 200 day moving average is $3.28. The market capitalization for the company is $439m. Company Website:

The potential market cap would be $516m based on the market consensus.

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Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of February 2023, the company had a fleet of 40 drybulk vessels having an average age of 10.5 years; and an aggregate carrying capacity of 4.5 million deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 17 post- Panamax class vessels, and 8 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.

The company has a dividend yield of 5.63% with the ex dividend date set at 28-2-2023 (DMY).

Other points of data to note are a P/E ratio of 2.71, revenue per share of 2.9 and a 9.86% return on assets.

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