BidaskClub upgraded shares of Star Bulk Carriers (NASDAQ:SBLK) from a sell rating to a hold rating in a research note released on Tuesday.

Other analysts have also issued research reports about the company. Jefferies Group assumed coverage on Star Bulk Carriers in a report on Monday, December 18th. They set a buy rating and a $15.00 price target on the stock. Morgan Stanley reduced their target price on Star Bulk Carriers from $15.00 to $14.00 and set an overweight rating on the stock in a research note on Monday. Zacks Investment Research lowered Star Bulk Carriers from a buy rating to a hold rating in a research note on Friday, January 26th. Finally, Stifel Nicolaus set a $11.00 target price on Star Bulk Carriers and gave the stock a hold rating in a research note on Sunday, October 22nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Star Bulk Carriers has a consensus rating of Buy and an average price target of $12.83.

Shares of Star Bulk Carriers (NASDAQ:SBLK) opened at $11.17 on Tuesday. Star Bulk Carriers has a twelve month low of $7.57 and a twelve month high of $13.40. The firm has a market capitalization of $693.49, a price-to-earnings ratio of -9.97 and a beta of 2.61. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.90.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in Star Bulk Carriers by 12.8% in the second quarter. Goldman Sachs Group Inc. now owns 49,515 shares of the shipping company’s stock worth $487,000 after purchasing an additional 5,619 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in Star Bulk Carriers by 65.8% in the third quarter. Dynamic Technology Lab Private Ltd now owns 18,577 shares of the shipping company’s stock worth $181,000 after purchasing an additional 7,373 shares during the period. Capital Fund Management S.A. purchased a new stake in Star Bulk Carriers in the fourth quarter worth $145,000. Royce & Associates LP increased its stake in Star Bulk Carriers by 6.9% in the third quarter. Royce & Associates LP now owns 217,000 shares of the shipping company’s stock worth $2,107,000 after purchasing an additional 14,000 shares during the period. Finally, River & Mercantile Asset Management LLP increased its stake in Star Bulk Carriers by 5.7% in the third quarter. River & Mercantile Asset Management LLP now owns 315,819 shares of the shipping company’s stock worth $3,063,000 after purchasing an additional 17,000 shares during the period. Institutional investors and hedge funds 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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