Star Bulk Carriers Corp. (SBLK) Given Average Rating of “Hold” by Analysts
Star Bulk Carriers Corp. (NASDAQ:SBLK) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the firm. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $5.00.
SBLK has been the topic of a number of analyst reports. Jefferies Group reiterated a “buy” rating and issued a $6.00 price target (up from $5.00) on shares of Star Bulk Carriers Corp. in a research report on Friday, September 16th. Pareto Securities upgraded Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a report on Monday. Zacks Investment Research upgraded Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a report on Thursday, October 6th. Deutsche Bank AG restated a “hold” rating on shares of Star Bulk Carriers Corp. in a report on Wednesday, September 28th. Finally, Seaport Global Securities restated a “neutral” rating and set a $4.00 target price on shares of Star Bulk Carriers Corp. in a report on Tuesday, August 2nd.
An institutional investor recently raised its position in Star Bulk Carriers Corp. stock. Geode Capital Management LLC boosted its stake in shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) by 64.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,746 shares of the company’s stock after buying an additional 53,743 shares during the period. Geode Capital Management LLC owned approximately 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.
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Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) traded down 0.743% during midday trading on Thursday, hitting $4.675. 91,431 shares of the company were exchanged. The company’s 50 day moving average price is $4.63 and its 200 day moving average price is $4.14. The firm’s market cap is $205.49 million. Star Bulk Carriers Corp. has a one year low of $1.55 and a one year high of $11.70.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last announced its quarterly earnings results on Wednesday, September 14th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.66) by $0.03. Star Bulk Carriers Corp. had a negative net margin of 187.42% and a negative return on equity of 10.28%. The company earned $52.65 million during the quarter. Equities analysts expect that Star Bulk Carriers Corp. will post ($2.56) EPS for the current year.
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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