Star Bulk Carriers Corp. (NASDAQ:SBLK) has been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $12.80.

SBLK has been the subject of several research reports. Seaport Global Securities raised shares of Star Bulk Carriers Corp. from a “neutral” rating to a “buy” rating and boosted 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. Zacks Investment Research cut shares of Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and set a $13.00 price objective on shares of Star Bulk Carriers Corp. in a research note on Friday, May 26th. Pareto Securities raised shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, BidaskClub cut shares of Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.

Institutional investors have recently made changes to their positions in the stock. Capital Fund Management S.A. purchased a new stake in Star Bulk Carriers Corp. during the 2nd quarter worth $103,000. Dynamic Technology Lab Private Ltd purchased a new stake in Star Bulk Carriers Corp. during the 2nd quarter worth $110,000. Investment Centers of America Inc. purchased a new stake in Star Bulk Carriers Corp. during the 1st quarter worth $118,000. GLG Partners LP purchased a new stake in Star Bulk Carriers Corp. during the 2nd quarter worth $127,000. Finally, KCG Holdings Inc. purchased a new stake in Star Bulk Carriers Corp. during the 1st quarter worth $140,000. 75.03% of the stock is owned by hedge funds and other institutional investors.

Star Bulk Carriers Corp. (NASDAQ SBLK) opened at 10.43 on Friday. Star Bulk Carriers Corp. has a one year low of $4.04 and a one year high of $13.40. The firm’s 50 day moving average price is $10.88 and its 200-day moving average price is $9.92. The firm’s market cap is $660.59 million.

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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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