ValuEngine upgraded shares of Star Bulk Carriers (NASDAQ:SBLK) from a strong sell rating to a sell rating in a research note released on Thursday morning.

Other equities research analysts have also recently issued reports about the stock. Seaport Global Securities set a $16.00 price target on shares of Star Bulk Carriers and gave the stock a buy rating in a report on Wednesday, February 28th. BidaskClub upgraded shares of Star Bulk Carriers from a hold rating to a buy rating in a report on Friday, February 23rd. TheStreet upgraded shares of Star Bulk Carriers from a d+ rating to a c rating in a report on Friday, March 2nd. Stifel Nicolaus raised their price target on shares of Star Bulk Carriers from $11.00 to $12.00 and gave the stock a hold rating in a report on Thursday, March 1st. Finally, Zacks Investment Research cut shares of Star Bulk Carriers from a buy rating to a hold rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Star Bulk Carriers currently has an average rating of Hold and a consensus price target of $14.42.

NASDAQ:SBLK opened at $12.07 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.43 and a quick ratio of 1.34. Star Bulk Carriers has a 12 month low of $7.57 and a 12 month high of $13.29.

Star Bulk Carriers (NASDAQ:SBLK) last posted its quarterly earnings results on Tuesday, February 27th. The shipping company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The business had revenue of $107.71 million during the quarter, compared to analysts’ expectations of $107.10 million. Star Bulk Carriers had a negative net margin of 2.94% and a negative return on equity of 0.44%. analysts predict that Star Bulk Carriers will post 1.03 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in SBLK. Capital Fund Management S.A. bought a new position in shares of Star Bulk Carriers in the fourth quarter valued at $145,000. State Street Corp bought a new position in shares of Star Bulk Carriers in the second quarter valued at $176,000. Fox Run Management L.L.C. bought a new position in shares of Star Bulk Carriers in the fourth quarter valued at $272,000. LPL Financial LLC lifted its stake in shares of Star Bulk Carriers by 86.5% in the fourth quarter. LPL Financial LLC now owns 24,431 shares of the shipping company’s stock valued at $275,000 after buying an additional 11,331 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Star Bulk Carriers by 6,400.0% in the fourth quarter. Deutsche Bank AG now owns 32,500 shares of the shipping company’s stock valued at $365,000 after buying an additional 32,000 shares in the last quarter. 69.59% of the stock is currently owned by hedge funds and other institutional investors.

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Star Bulk Carriers Company Profile

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport bulk commodities, including ores, coal, grains, fertilizers, and steel products. As of March 9, 2017, the company had a fleet of 68 operating vessels and 4 newbuilding vessels, as well as operated a chartered-in Supramax vessel.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Star Bulk Carriers (NASDAQ:SBLK)

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