Pareto Securities Upgrades Star Bulk Carriers Corp. to Buy (SBLK)
Star Bulk Carriers Corp. (NASDAQ:SBLK) opened at 13.90 on Wednesday. Star Bulk Carriers Corp. has a one year low of $5.28 and a one year high of $15.88. The stock’s 50-day moving average is $11.62 and its 200-day moving average is $12.27. The company’s market cap is $404.2 million.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last announced its earnings results on Thursday, May 29th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.02. The company had revenue of $20.20 million for the quarter, compared to the consensus estimate of $20.39 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Analysts expect that Star Bulk Carriers Corp. will post $0.51 EPS for the current fiscal year.
SBLK has been the subject of a number of other recent research reports. Analysts at MLV & Co
raised their price target on shares of Star Bulk Carriers Corp. from $15.00 to $16.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Star Bulk Carriers Corp. from $20.00 to $22.00 in a research note on Tuesday. Finally, analysts at Canaccord Genuity initiated coverage on shares of Star Bulk Carriers Corp. in a research note on Tuesday, June 10th. They set a “buy” rating and a $20.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $16.28.
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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