Star Bulk Carriers Corp. (SBLK) Stock Rating Upgraded by Pareto Securities
Star Bulk Carriers Corp. (NASDAQ:SBLK) was upgraded by Pareto Securities from a “hold” rating to a “buy” rating in a research note issued on Monday, The Fly reports.
Several other brokerages have also recently issued reports on SBLK. Zacks Investment Research raised shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research note on Friday, June 24th. Jefferies Group reaffirmed a “buy” rating and issued a $6.00 price objective (up previously from $5.00) on shares of Star Bulk Carriers Corp. in a research note on Friday, September 16th. Seaport Global Securities reaffirmed a “neutral” rating and issued a $4.00 price objective on shares of Star Bulk Carriers Corp. in a research note on Tuesday, August 2nd. Morgan Stanley reissued a “sell” rating and issued a $3.00 target price on shares of Star Bulk Carriers Corp. in a research report on Friday, September 16th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Star Bulk Carriers Corp. in a research report on Wednesday, September 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $4.33.
Star Bulk Carriers Corp. (NASDAQ:SBLK) opened at 4.77 on Monday. The firm’s market capitalization is $209.67 million. Star Bulk Carriers Corp. has a 52 week low of $1.55 and a 52 week high of $11.95. The stock’s 50 day moving average is $4.59 and its 200-day moving average is $4.11.
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Star Bulk Carriers Corp. (NASDAQ:SBLK) last announced its quarterly earnings data on Wednesday, September 14th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.66) by $0.03. The business earned $52.65 million during the quarter. Star Bulk Carriers Corp. had a negative return on equity of 10.28% and a negative net margin of 187.42%. On average, equities research analysts expect that Star Bulk Carriers Corp. will post ($2.56) EPS for the current year.
An institutional investor recently raised its position in Star Bulk Carriers Corp. stock. Geode Capital Management LLC increased its stake in Star Bulk Carriers Corp. (NASDAQ:SBLK) by 64.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 136,746 shares of the company’s stock after buying an additional 53,743 shares during the period. Geode Capital Management LLC owned 0.06% of Star Bulk Carriers Corp. worth $102,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 75.53% of the company’s stock.
Star Bulk Carriers Corp. Company Profile
Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. The Company’s segment is operating dry bulk vessels. The Company will have a fleet of approximately 76 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels, with a carrying capacity between 45,588 dwt and 209,537 deadweight tonnage (dwt).
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