Gener8 Maritime Receives a Buy from Jefferies

By Austin Angelo

Jefferies analyst Douglas Mavrinac reiterated a Buy rating on Gener8 Maritime (NYSE: GNRT) today and set a price target of $10. The company’s shares closed last Friday at $4.85.

According to TipRanks.com, Mavrinac is a 4-star analyst with an average return of 4.1% and a 44.2% success rate. Mavrinac covers the Services sector, focusing on stocks such as Navios Maritime Partners Lp, Ship Finance International, and Golden Ocean Group Limited.

Gener8 Maritime has an analyst consensus of Moderate Buy, with a price target consensus of $10.

The company has a one year high of $7.83 and a one year low of $3.52. Currently, Gener8 Maritime has an average volume of 577K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Gener8 Maritime, Inc. provides transportation services. It transports seaborne crude oil and refined petroleum products, and offers vessels primarily for charter on a spot voyage and time charter basis. The company was founded on May 7, 2015 and is headquartered in New York, NY.