Star Bulk Carriers Corp. Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:SBLK)
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) have received a consensus recommendation of “Buy” from the nine analysts that are presently covering the stock, Analyst Ratings.Net reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $16.67.
Star Bulk Carriers Corp. (NASDAQ:SBLK) opened at 13.91 on Monday. Star Bulk Carriers Corp. has a 1-year low of $6.75 and a 1-year high of $15.88. The stock has a 50-day moving average of $11.63 and a 200-day moving average of $12.33.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.08. During the same quarter in the prior 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.
Several analysts have recently commented on the stock. Analysts at MLV & Co
raised their price target on shares of Star Bulk Carriers Corp. from $16.00 to $19.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
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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