Star Bulk Carriers Corp. Now Covered by Analysts at MLV & Co (SBLK)
Star Bulk Carriers Corp. (NASDAQ:SBLK) opened at 11.11 on Wednesday. Star Bulk Carriers Corp. has a 1-year low of $5.28 and a 1-year high of $15.88. The stock has a 50-day moving average of $11.98 and a 200-day moving average of $11.92. The company has a market cap of $322.8 million and a price-to-earnings ratio of 85.46.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last released its earnings data on Wednesday, March 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $16.35 million for the quarter, compared to the consensus estimate of $18.13 million. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. Analysts expect that Star Bulk Carriers Corp. will post $0.49 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Star Bulk Carriers Corp. from an “outperform” rating to a “neutral” rating in a research note on Monday, April 7th. They now have a $16.70 price target on the stock. Separately, analysts at Morgan Stanley downgraded shares of Star Bulk Carriers Corp. from an “overweight” rating to an “equal weight” rating in a research note on Friday, March 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Star Bulk Carriers Corp. presently has a consensus rating of “Buy” and a consensus price target of $14.93.
Star Bulk Carriers Corp. (NASDAQ:SBLK) is an international company providing worldwide transportation of drybulk commodities through its vessel-owning subsidiaries for a broad range of customers of major and minor bulk cargoes including iron ore, coal, grain, cement and fertilizer.
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