Scorpio Bulkers Coverage Initiated at Jefferies Group (SALT)
Equities research analysts at Jefferies Group started coverage on shares of Scorpio Bulkers (NASDAQ:SALT) in a research note issued to investors on Wednesday. The firm set a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Scorpio Bulkers in a research note on Thursday, July 31st. They now have a $12.00 price target on the stock, down previously from $13.00. 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, July 23rd. Seven analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $13.00.
Shares of Scorpio Bulkers (NASDAQ:SALT) opened at 7.96 on Wednesday. Scorpio Bulkers has a one year low of $7.56 and a one year high of $10.73. The stock has a 50-day moving average of $8.08 and a 200-day moving average of $8.94. The company’s market cap is $1.061 billion.
Scorpio Bulkers (NASDAQ:SALT) last announced its earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.09) by $0.02. The company had revenue of $13.18 million for the quarter, compared to the consensus estimate of $13.13 million. Analysts expect that Scorpio Bulkers will post $-0.34 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.