Safe Bulkers Inc (SB) Stock AnalysisSBSafe Bulkers Inc

Safe Bulkers, Inc. is a holding company. The Company's principal business is the acquisition, ownership and operation of drybulk vessels. The Company's vessels operate across the world, carrying drybulk cargo for the consumers of marine drybulk transportation services. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along shipping routes across the world. As of February 17, 2017 the Company's fleet included 38 vessels, of which 14 are Panamax class vessels, nine are Kamsarmax class vessels, 12 are Post-Panamax class vessels and three are Capesize class vessels, with an aggregate carrying capacity of 3,421,800 deadweight tonnage (dwt). The Company's fleet of Post-Panamax vessels includes Marina, Xenia, Sophia, Eleni, Martine, Andreas K, Panayiota K, Venus Heritage, Venus History, Venus Horizon and Troodos Sun. Its fleet of Capesize vessels includes Kanaris, Pelopidas and Lake Despina. It operates in the Industrials sector (DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT industry).

Safe Bulkers Inc. is a good buy right now due to its current price of 8.53, a substantial year-to-date change of +76.60%, and a forward P/E ratio of 2.10, which suggests it is undervalued compared to its earnings potential. The main risk is its recent 5-day change of -3.18%, indicating short-term volatility.

9 analysts cover SB: 3 rate it Buy, 5 Hold and 1 Sell.