This story originally appeared on Zacks
In the last trading session, Grindrod Shipping Holdings Ltd (GRIN) closed at $17.44, recording a -1.58% move from the previous day. That change was narrower than the S&P 500’s loss of 1.94% today. Meanwhile, the Dow Jones lost 1.07%, and the tech-heavy Nasdaq lost 0.39%.
As the day started, the company’s shares were up 24.53% in the last month. At the same time, the transportation sector rose 5.57%, while the S&P 500 rose 5.72%.
Grindrod Shipping Holdings Ltd. will be looking forward to seeing you. To show strength as it nears its next earnings release.
It’s also important to note recent changes in analyst estimates for Grindrod Shipping Holdings Ltd. These recent reviews tend to reflect the evolving nature of short-term business trends. With this in mind, we can take the positive rating reviews as a sign of optimism about the company’s business outlook.
Research indicates that these discretionary revisions are directly related to the stock’s near-term price momentum. We developed Zacks Rank to take advantage of this phenomenon. Our system takes these discretionary changes into account and provides a clear and actionable rating model.
Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank has a track record of outperforming externally audited, with the #1 stock having achieved a +25% average annual return since 1988. Within 30 A few days ago, our EPS forecast increased by 1.75%. Grindrod Shipping Holdings Ltd. It currently has a Zacks rating of #4 (sell).
Investors should also note the current valuation metrics for Grindrod Shipping Holdings Ltd. , including a forward price-to-earnings ratio of 3.38. This is a discount compared to the industry average forward P/E of 3.84.
Transportation – The shipping industry is part of the transportation sector. This group has a Zacks Industry Rating of 75, placing it in the top 30% of all 250+ industries.
Zacks Industry Ranks are listed in order from best to worst in terms of the average Zacks rating of individual companies in each of these sectors. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.
To follow GRIN in upcoming trading sessions, be sure to use Zacks.com.
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