Six analysts give Genco Shipping & Trading stock a USD 29.00 target

Published on 10/17/2026 at 21:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Genco's third-quarter results are due November 4, 2026. Genco Shipping stock closed at USD 24.51 on October 16, 2026, down 1.68 percent on Nasdaq.

Analyst view and trading position

Six analysts put a USD 29.00 target on Genco Shipping stock in October 2026.
Genco is due to report third-quarter results on November 4, 2026.
Genco Shipping stock closed at USD 24.51 on October 16, 2026 at 3:59 p.m. EDT, down 1.68 percent on Nasdaq versus the prior close.
Market capitalization stood at USD 1.1 billion and the P/E ratio was 27.06 on October 16, 2026.

GNK, MHY2685T1313, Illustration mit AI erstellt.

Six analysts put Genco Shipping & Trading stock on a USD 29.00 average target, leaving the closing price 18.32 percent below that level. MarketBeat listed the consensus target and Hold rating on October 14, 2026. Genco Shipping stock closed at USD 24.51 on October 16, 2026 at 3:59 p.m. EDT, down 1.68 percent on Nasdaq versus the prior close of USD 24.93.

November results set the next date

Genco will release its third-quarter 2026 results after the market close on November 4, 2026. The company scheduled its conference call for November 5, 2026, at 8:30 a.m. Eastern Time, according to Yahoo Finance. That timetable gives investors two dated checkpoints for the next operating update.

Stock stays inside its yearly range

The stock traded between USD 24.47 and USD 25.19 on October 16, 2026, while volume reached 591,793 shares against an average of 533,637. Its 52-week range ran from USD 15.56 to USD 28.42, placing the close 13.76 percent below the high and 57.52 percent above the low. MarketBeat also listed a 32.80 percent year-to-date gain on its October 16, 2026 page.

Valuation and peer comparison

Genco's market capitalization was USD 1.1 billion on October 16, 2026. The P/E ratio stood at 27.06, and the dividend yield was 0.07 percent. The target distance uses the USD 24.51 closing price and the USD 29.00 consensus target, rather than the euro indication from German trading venues.

Comparison with peers

Genco Shipping & Trading: minus 1.68 percent, P/E 27.06, market capitalization USD 1.1 billion
Star Bulk Carriers (NYSE, USD): minus 0.68 percent, P/E 10.90, market capitalization USD 3.1 billion
Danaos Corporation (NYSE, USD): minus 0.35 percent, P/E 5.35, market capitalization USD 2.9 billion

What the calendar means for GNK

The November 4 results date arrives after the stock closed 13.76 percent below its 52-week high. The November 5 call should add management commentary to the reported numbers and the current analyst consensus.

Genco Shipping & Trading Limited is a drybulk shipowner operating vessels that transport commodities including iron ore, coal, grain and steel products. Its latest investor-relations material describes a fleet-based logistics platform and a strategy centered on debt reduction and shareholder distributions.