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Stock impact report

Seanergy Maritime: Decent Quarter And Strong Near-Term Prospects - Buy [Seeking Alpha]

Seanergy Maritime Holdings Corp (SHIP) 
Last seanergy maritime holdings corp earnings: 2/13 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: seanergymaritime.com/en
Company Research Source: Seeking Alpha
The company sold a 15-year old Capesize vessel and placed its first ever newbuilding order, with financing expected to be announced in the near future. Based on the company's fixtures for Q4 and current Forward Freight Agreement rates, Seanergy should easily outperform current consensus expectations again. The near-term outlook for Capesize vessels remains supported by solid levels of iron ore and bauxite shipments in combination with a record-low orderbook. Given the combination of deeply discounted valuation and strong Capesize charter rates, I am reiterating my "Buy" rating on the company's common shares, with an increased price target of $12.00. Iuliia Korniievych /iStock via Getty Images Note: I have previously covered Seanergy Maritime Holdings Corp. or "Seanergy Maritime" ( SHIP ), so investors should view this article as an update to my previous work on the company. Last week, leading dry bulk More on my IG service Massively Outperform in Any Market Value Show less Read more
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