Star Bulk Carriers Corp. Price Target Raised to $19.00 (SBLK)
Analysts at MLV & Co
upped their price target on shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) from $16.00 to $19.00 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. MLV & Co
‘s price objective indicates a potential upside of 37.88% from the stock’s previous close.
Star Bulk Carriers Corp. (NASDAQ:SBLK) traded up 0.14% during mid-day trading on Thursday, hitting $13.84. The stock had a trading volume of 186,348 shares. Star Bulk Carriers Corp. has a 52-week low of $6.63 and a 52-week high of $15.88. The stock has a 50-day moving average of $11.61 and a 200-day moving average of $12.32.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last announced its earnings results on Wednesday, August 20th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.08. During the same quarter in the previous year, the company posted $0.15 earnings per share. Analysts expect that Star Bulk Carriers Corp. will post $0.37 EPS for the current fiscal year.
A number of other firms have also recently commented on SBLK. 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 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, June 17th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $16.67.
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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