Scorpio Bulkers Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:SALT)
Scorpio Bulkers (NASDAQ:SALT) has earned an average rating of “Buy” from the seven ratings firms that are currently covering the company, AnalystRatingsNetwork.com reports. Six equities research analysts have rated the stock with a buy rating, The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $13.00.
Shares of Scorpio Bulkers (NASDAQ:SALT) opened at 8.29 on Wednesday. Scorpio Bulkers has a one year low of $8.20 and a one year high of $10.73. The stock’s 50-day moving average is $8.86 and its 200-day moving average is $9.32. The company’s market cap is $1.099 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 $-0.30 EPS for the current fiscal year.
A number of research firms have recently commented on SALT. Analysts at Evercore Partners cut their price target on shares of Scorpio Bulkers from $13.00 to $11.00 in a research note on Wednesday. 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.
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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