Star Bulk Carriers (NASDAQ:SBLK) had its price objective reduced by Morgan Stanley from $15.00 to $14.00 in a research report issued on Monday. The brokerage presently has an “overweight” rating on the shipping company’s stock. Morgan Stanley’s price target indicates a potential upside of 25.34% from the company’s previous close.

A number of other research firms have also recently issued reports on SBLK. Zacks Investment Research cut Star Bulk Carriers from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. BidaskClub lowered Star Bulk Carriers from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Jefferies Group began coverage on Star Bulk Carriers in a report on Monday, December 18th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Stifel Nicolaus set a $11.00 price target on Star Bulk Carriers and gave the company a “hold” rating in a report on Sunday, October 22nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $12.83.

Star Bulk Carriers (NASDAQ:SBLK) opened at $11.17 on Monday. Star Bulk Carriers has a 52 week low of $7.57 and a 52 week high of $13.40. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $693.49, a PE ratio of -9.97 and a beta of 2.61.

Star Bulk Carriers (NASDAQ:SBLK) last posted its earnings results on Sunday, November 19th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). Star Bulk Carriers had a negative return on equity of 4.04% and a negative net margin of 23.09%. The firm had revenue of $80.80 million during the quarter, compared to analysts’ expectations of $81.23 million. equities research analysts predict that Star Bulk Carriers will post -0.33 EPS for the current year.

Several institutional investors have recently modified their holdings of the company. Oaktree Capital Management LP lifted its holdings in shares of Star Bulk Carriers by 0.4% in the third quarter. Oaktree Capital Management LP now owns 32,579,506 shares of the shipping company’s stock valued at $316,347,000 after purchasing an additional 140,000 shares in the last quarter. Impala Asset Management LLC lifted its holdings in shares of Star Bulk Carriers by 121.3% in the third quarter. Impala Asset Management LLC now owns 4,308,203 shares of the shipping company’s stock valued at $41,833,000 after purchasing an additional 2,361,428 shares in the last quarter. Horseman Capital Management Ltd lifted its holdings in shares of Star Bulk Carriers by 10.8% in the third quarter. Horseman Capital Management Ltd now owns 954,600 shares of the shipping company’s stock valued at $9,269,000 after purchasing an additional 93,400 shares in the last quarter. Leucadia National Corp lifted its holdings in shares of Star Bulk Carriers by 27.9% in the fourth quarter. Leucadia National Corp now owns 455,577 shares of the shipping company’s stock valued at $5,130,000 after purchasing an additional 99,320 shares in the last quarter. Finally, River & Mercantile Asset Management LLP lifted its holdings in shares of Star Bulk Carriers by 20.0% in the fourth quarter. River & Mercantile Asset Management LLP now owns 379,099 shares of the shipping company’s stock valued at $4,263,000 after purchasing an additional 63,280 shares in the last quarter. Institutional investors own 70.88% of the company’s stock.

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Star Bulk Carriers Company Profile

Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt).

Analyst Recommendations for Star Bulk Carriers (NASDAQ:SBLK)

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