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Seanergy Maritime Holdings Corp. (SHIP) Given Average Recommendation of “Buy” by Brokerages

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) has been assigned an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Seanergy Maritime’s rating score has declined by 100% in the last three months as a result of various analysts’ ratings changes.

Brokers have set a twelve-month consensus price objective of $10.00 for the company and are predicting that the company will post ($3.23) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Seanergy Maritime an industry rank of 144 out of 256 based on the ratings given to related companies.

A number of equities analysts have commented on the stock. Maxim Group reissued a “buy” rating and issued a $4.00 price target (down previously from $10.00) on shares of Seanergy Maritime in a research note on Wednesday. ValuEngine raised shares of Seanergy Maritime from a “hold” rating to a “buy” rating in a research note on Tuesday, March 26th. Noble Financial cut shares of Seanergy Maritime from an “outperform” rating to a “market perform” rating in a research note on Monday, May 13th. Finally, Zacks Investment Research raised shares of Seanergy Maritime from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research note on Wednesday.

The company has a market cap of $3.13 million, a P/E ratio of -0.20 and a beta of 0.41. Seanergy Maritime has a 12 month low of $1.02 and a 12 month high of $16.35. The company has a debt-to-equity ratio of 8.95, a current ratio of 0.47 and a quick ratio of 0.32.
Seanergy Maritime (NASDAQ:SHIP) last issued its quarterly earnings data on Tuesday, March 19th. The shipping company reported ($1.04) EPS for the quarter, missing the consensus estimate of $0.60 by ($1.64). The firm had revenue of $26.99 million for the quarter, compared to analysts’ expectations of $23.92 million. Seanergy Maritime had a negative net margin of 23.01% and a negative return on equity of 49.92%. As a group, equities research analysts anticipate that Seanergy Maritime will post -1.84 earnings per share for the current year.
Source: MarketBeat

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