Star Bulk Carriers Corp. (NASDAQ:SBLK)‘s stock had its “buy” rating reissued by Jefferies Group LLC in a research report issued on Thursday. They currently have a $15.00 price target on the shipping company’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 43.27% from the company’s current price.

Several other brokerages have also recently weighed in on SBLK. Pareto Securities upgraded Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Zacks Investment Research cut Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. BidaskClub upgraded Star Bulk Carriers Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, TheStreet upgraded Star Bulk Carriers Corp. from a “d+” rating to a “c” rating in a report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Star Bulk Carriers Corp. presently has a consensus rating of “Buy” and an average price target of $13.00.

Shares of Star Bulk Carriers Corp. (NASDAQ SBLK) traded up 1.45% on Thursday, hitting $10.47. The stock had a trading volume of 664,500 shares. The firm has a 50 day moving average price of $10.44 and a 200 day moving average price of $9.87. The company’s market capitalization is $663.96 million. Star Bulk Carriers Corp. has a one year low of $4.04 and a one year high of $13.40.

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A number of institutional investors have recently bought and sold shares of SBLK. Capital Fund Management S.A. bought a new position in Star Bulk Carriers Corp. during the second quarter worth about $103,000. Dynamic Technology Lab Private Ltd bought a new position in Star Bulk Carriers Corp. during the second quarter worth about $110,000. GLG Partners LP bought a new position in Star Bulk Carriers Corp. during the second quarter worth about $127,000. KCG Holdings Inc. bought a new position in Star Bulk Carriers Corp. during the first quarter worth about $140,000. Finally, Fox Run Management L.L.C. bought a new position in Star Bulk Carriers Corp. during the second quarter worth about $145,000. Institutional investors and hedge funds own 73.77% 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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