Star Bulk Carriers Corp. (SBLK) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) have been given an average recommendation of “Hold” by the nine research firms that are covering the stock. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $5.05.
A number of research firms have recently weighed in on SBLK. Zacks Investment Research upgraded Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research report on Thursday, October 6th. Pareto Securities upgraded Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a research report on Monday, October 10th. Deutsche Bank AG restated a “hold” rating on shares of Star Bulk Carriers Corp. in a research report on Wednesday, September 28th. Morgan Stanley restated a “sell” rating and set a $3.00 target price on shares of Star Bulk Carriers Corp. in a research report on Friday, September 16th. Finally, Seaport Global Securities restated a “neutral” rating and set a $4.00 target price on shares of Star Bulk Carriers Corp. in a research report on Tuesday, August 2nd.
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) opened at 5.41 on Thursday. Star Bulk Carriers Corp. has a 12 month low of $1.57 and a 12 month high of $6.10. The firm’s market capitalization is $237.80 million. The firm’s 50-day moving average price is $4.73 and its 200-day moving average price is $4.19.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last released its earnings results on Wednesday, September 14th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.66) by $0.03. The firm had revenue of $52.65 million for the quarter. Star Bulk Carriers Corp. had a negative return on equity of 10.28% and a negative net margin of 187.42%. On average, equities analysts anticipate that Star Bulk Carriers Corp. will post ($2.53) earnings per share for the current year.
A hedge fund recently raised its stake in Star Bulk Carriers Corp. stock. Geode Capital Management LLC boosted its stake in Star Bulk Carriers Corp. (NASDAQ:SBLK) by 64.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor 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 reporting period. 58.93% of the stock is owned by institutional investors.
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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