Deutsche Bank AG Reiterates “Hold” Rating for Star Bulk Carriers Corp. (SBLK)
Star Bulk Carriers Corp. (NASDAQ:SBLK)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank AG in a research note issued to investors on Wednesday.
A number of other brokerages have also recently issued reports on SBLK. Jefferies Group reissued a “buy” rating and issued a $6.00 target price (up from $5.00) on shares of Star Bulk Carriers Corp. in a research report on Friday, September 16th. Morgan Stanley reaffirmed a “sell” rating and set a $3.00 price objective on shares of Star Bulk Carriers Corp. in a research report on Friday, September 16th. Zacks Investment Research cut Star Bulk Carriers Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 7th. Seaport Global Securities reaffirmed a “neutral” rating and set a $4.00 price objective on shares of Star Bulk Carriers Corp. in a research report on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. raised Star Bulk Carriers Corp. from a “neutral” rating to an “overweight” rating and set a $6.50 price objective for the company in a research report on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $4.00.
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) opened at 4.54 on Wednesday. Star Bulk Carriers Corp. has a 52 week low of $1.55 and a 52 week high of $12.00. The firm’s market capitalization is $199.56 million. The stock has a 50 day moving average price of $4.48 and a 200-day moving average price of $4.06.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last announced its earnings results on Wednesday, September 14th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.66) by $0.03. The firm earned $52.65 million during the quarter. Star Bulk Carriers Corp. had a negative net margin of 187.42% and a negative return on equity of 10.28%. On average, analysts anticipate that Star Bulk Carriers Corp. will post ($2.56) EPS for the current year.
An institutional investor recently raised its position in Star Bulk Carriers Corp. stock. Geode Capital Management LLC raised its position in Star Bulk Carriers Corp. (NASDAQ:SBLK) by 64.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,746 shares of the company’s stock after buying an additional 53,743 shares during the period. Geode Capital Management LLC owned approximately 0.06% of Star Bulk Carriers Corp. worth $102,000 at the end of the most recent quarter. Institutional investors own 75.53% of the company’s stock.
About Star Bulk Carriers Corp.
Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. The Company’s segment is operating dry bulk vessels. The Company will have a fleet of approximately 76 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels, with a carrying capacity between 45,588 dwt and 209,537 deadweight tonnage (dwt).
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