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Evercore Partners dropped their target price on shares of Scorpio Bulkers (NASDAQ:SALT) from $13.00 to $11.00 in a research note issued on Wednesday. Evercore Partners’ price objective would indicate a potential upside of 28.50% from the company’s current price.

Separately, analysts at MLV & Co
initiated coverage on shares of Scorpio Bulkers in a research note on Wednesday, May 28th. They set a “buy” rating and a $11.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating, Scorpio Bulkers has an average rating of “Buy” and a consensus price target of $13.00.

Shares of Scorpio Bulkers (NASDAQ:SALT) opened at 8.56 on Wednesday. Scorpio Bulkers has a 52 week low of $8.30 and a 52 week high of $10.73. The stock’s 50-day moving average is $8.9 and its 200-day moving average is $9.35. The company’s market cap is $1.135 billion.

Scorpio Bulkers (NASDAQ:SALT) last released its earnings data on Wednesday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.06. The company had revenue of $5.47 million for the quarter, compared to the consensus estimate of $4.41 million. Analysts expect that Scorpio Bulkers will post $-0.25 EPS for the current fiscal year.

Scorpio Bulkers Inc is a company engaged in marine transportation, based in the Marshall Islands. It is a provider of transportation services of dry bulk commodities.

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