Star Bulk Carriers Corp. Given Average Recommendation of “Buy” by Analysts (NASDAQ:SBLK)
Star Bulk Carriers Corp. (NASDAQ:SBLK) has earned an average rating of “Buy” from the nine analysts that are currently covering the stock, Stock Ratings Network reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $16.17.
SBLK has been the subject of a number of recent research reports. Analysts at Evercore Partners initiated coverage on shares of Star Bulk Carriers Corp. in a research note on Monday. They set an “overweight” rating and a $16.00 price target on the stock. Separately, analysts at Pareto Securities upgraded shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 18th. Finally, 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, June 17th. They now have a “buy” rating on the stock.
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) traded up 1.18% during mid-day trading on Monday, hitting $12.82. 60,273 shares of the company’s stock traded hands. Star Bulk Carriers Corp. has a 52-week low of $6.54 and a 52-week high of $15.88. The stock’s 50-day moving average is $11.57 and its 200-day moving average is $12.29.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last issued its quarterly earnings data 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. On average, analysts predict that Star Bulk Carriers Corp. will post $0.36 earnings per share for the current fiscal year.
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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