Star Bulk Carriers (SBLK) Cut to Hold at BidaskClub
BidaskClub downgraded shares of Star Bulk Carriers (NASDAQ:SBLK) from a buy rating to a hold rating in a research note released on Saturday morning.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Star Bulk Carriers from a buy rating to a hold rating in a research note on Friday, January 26th. Morgan Stanley cut their price objective on shares of Star Bulk Carriers from $15.00 to $14.00 and set an overweight rating on the stock in a research report on Monday, February 12th. Jefferies Group assumed coverage on shares of Star Bulk Carriers in a research report on Monday, December 18th. They issued a buy rating and a $15.00 price objective on the stock. Stifel Nicolaus boosted their price objective on shares of Star Bulk Carriers from $11.00 to $12.00 and gave the stock a hold rating in a research report on Thursday, March 1st. Finally, Seaport Global Securities set a $16.00 price objective on shares of Star Bulk Carriers and gave the stock a buy rating in a research report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $14.00.
Shares of Star Bulk Carriers (NASDAQ:SBLK) traded up $0.04 on Friday, reaching $12.71. 246,586 shares of the company’s stock were exchanged, compared to its average volume of 460,434. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.64 and a current ratio of 2.64. Star Bulk Carriers has a 1 year low of $7.57 and a 1 year high of $13.40. The company has a market capitalization of $815.39, a price-to-earnings ratio of -6.80 and a beta of 2.34.
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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).
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