Star Bulk Carriers Corp. (NASDAQ:SBLK) has received a consensus rating of “Buy” from the nine research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $11.75.

Several analysts recently commented on the stock. Zacks Investment Research cut shares of Star Bulk Carriers Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. Stifel Nicolaus set a $11.00 price objective on shares of Star Bulk Carriers Corp. and gave the company a “hold” rating in a research note on Sunday, May 28th. Seaport Global Securities upgraded shares of Star Bulk Carriers Corp. from a “neutral” rating to a “buy” rating and raised their price objective for the company from $11.50 to $13.00 in a research note on Friday, May 26th. They noted that the move was a valuation call. Jefferies Group LLC reiterated a “buy” rating and issued a $13.00 price objective on shares of Star Bulk Carriers Corp. in a research note on Friday, May 26th. Finally, Morgan Stanley upgraded shares of Star Bulk Carriers Corp. from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $3.00 to $15.00 in a research note on Tuesday, March 28th.

A number of institutional investors have recently made changes to their positions in SBLK. Horseman Capital Management Ltd acquired a new position in shares of Star Bulk Carriers Corp. during the first quarter worth about $10,857,000. Renaissance Technologies LLC boosted its position in shares of Star Bulk Carriers Corp. by 233.3% in the first quarter. Renaissance Technologies LLC now owns 576,599 shares of the shipping company’s stock worth $6,850,000 after buying an additional 403,619 shares during the last quarter. Impala Asset Management LLC acquired a new position in shares of Star Bulk Carriers Corp. during the first quarter worth about $6,639,000. Driehaus Capital Management LLC boosted its position in shares of Star Bulk Carriers Corp. by 1,531.7% in the first quarter. Driehaus Capital Management LLC now owns 213,750 shares of the shipping company’s stock worth $2,539,000 after buying an additional 200,650 shares during the last quarter. Finally, River & Mercantile Asset Management LLP acquired a new position in shares of Star Bulk Carriers Corp. during the first quarter worth about $2,247,000. Institutional investors own 73.94% of the company’s stock.

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Star Bulk Carriers Corp. (NASDAQ SBLK) opened at 9.18 on Monday. The firm has a 50 day moving average of $8.46 and a 200-day moving average of $8.76. The firm’s market cap is $560.23 million. Star Bulk Carriers Corp. has a 12 month low of $3.11 and a 12 month high of $13.40.

Star Bulk Carriers Corp. (NASDAQ:SBLK) last announced its quarterly earnings data on Wednesday, May 24th. The shipping company reported ($0.21) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.04. Star Bulk Carriers Corp. had a negative net margin of 50.28% and a negative return on equity of 7.89%. The firm had revenue of $64.87 million during the quarter, compared to analysts’ expectations of $64.27 million. On average, equities research analysts forecast that Star Bulk Carriers Corp. will post ($0.55) earnings per share for the current year.

About Star Bulk Carriers Corp.

Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt).

Analyst Recommendations for Star Bulk Carriers Corp. (NASDAQ:SBLK)

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