Star Bulk Carriers Corp. (NASDAQ:SBLK) was upgraded by equities researchers at TheStreet from a “d+” rating to a “c” rating in a research report issued to clients and investors on Wednesday.

Other analysts have also issued research reports about the stock. Seaport Global Securities upgraded shares of Star Bulk Carriers Corp. from a “neutral” rating to a “buy” rating and lifted 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. Zacks Investment Research upgraded shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Wednesday, April 26th. 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. Finally, BidaskClub lowered shares of Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have given 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 price target of $12.50.

Shares of Star Bulk Carriers Corp. (SBLK) opened at 10.27 on Wednesday. The stock’s 50 day moving average is $9.73 and its 200 day moving average is $9.51. Star Bulk Carriers Corp. has a 12 month low of $3.95 and a 12 month high of $13.40. The company’s market cap is $650.46 million.

Star Bulk Carriers Corp. (NASDAQ:SBLK) last released its quarterly earnings data on Wednesday, May 24th. The shipping company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.04. The company had revenue of $64.87 million during the quarter, compared to analyst estimates of $64.27 million. Star Bulk Carriers Corp. had a negative net margin of 36.90% and a negative return on equity of 5.59%. On average, analysts anticipate that Star Bulk Carriers Corp. will post ($0.46) EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in SBLK. Investment Centers of America Inc. acquired a new stake in shares of Star Bulk Carriers Corp. during the first quarter worth approximately $118,000. Capital Fund Management S.A. acquired a new stake in shares of Star Bulk Carriers Corp. during the second quarter worth approximately $103,000. KCG Holdings Inc. acquired a new stake in shares of Star Bulk Carriers Corp. during the first quarter worth approximately $140,000. Fox Run Management L.L.C. acquired a new stake in shares of Star Bulk Carriers Corp. during the second quarter worth approximately $145,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Star Bulk Carriers Corp. during the first quarter worth approximately $201,000. Institutional investors and hedge funds own 74.03% 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. 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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