Star Bulk Carriers Corp. (SBLK) Given Average Rating of “Hold” by Analysts
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the firm. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $5.00.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a report on Thursday, October 6th. Pareto Securities upgraded shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a report on Monday. Deutsche Bank AG reiterated a “hold” rating on shares of Star Bulk Carriers Corp. in a report on Wednesday, September 28th. Jefferies Group reiterated a “buy” rating and set a $6.00 price objective (up from $5.00) on shares of Star Bulk Carriers Corp. in a report on Friday, September 16th. Finally, Morgan Stanley reiterated a “sell” rating and set a $3.00 price objective on shares of Star Bulk Carriers Corp. in a report on Friday, September 16th.
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) traded down 0.743% during mid-day trading on Thursday, hitting $4.675. 91,431 shares of the stock traded hands. The firm’s market cap is $205.49 million. The firm’s 50 day moving average price is $4.63 and its 200 day moving average price is $4.14. Star Bulk Carriers Corp. has a 12-month low of $1.55 and a 12-month high of $11.70.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last released its quarterly earnings results on Wednesday, September 14th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.66) by $0.03. Star Bulk Carriers Corp. had a negative return on equity of 10.28% and a negative net margin of 187.42%. The firm had revenue of $52.65 million for the quarter. On average, equities research analysts predict that Star Bulk Carriers Corp. will post ($2.56) EPS for the current fiscal 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 Form 13F filing with the Securities and Exchange Commission. The fund owned 136,746 shares of the company’s stock after buying an additional 53,743 shares during the period. Geode Capital Management LLC owned about 0.06% of Star Bulk Carriers Corp. worth $102,000 at the end of the most recent reporting period. 75.53% of the stock is owned by institutional investors and hedge funds.
Star Bulk Carriers Corp. Company Profile
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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