Star Bulk Carriers Corp. (NASDAQ:SBLK) – Jefferies Group cut their Q3 2017 EPS estimates for Star Bulk Carriers Corp. in a research note issued to investors on Thursday. Jefferies Group analyst D. Mavrinac now forecasts that the shipping company will post earnings per share of ($0.07) for the quarter, down from their prior forecast of $0.06. Jefferies Group currently has a “Buy” rating and a $15.00 price objective on the stock. Jefferies Group also issued estimates for Star Bulk Carriers Corp.’s FY2017 earnings at ($0.43) EPS.

A number of other equities analysts also recently weighed in on SBLK. Zacks Investment Research downgraded Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. BidaskClub downgraded Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. TheStreet upgraded Star Bulk Carriers Corp. from a “d+” rating to a “c” rating in a research note on Wednesday, August 9th. Pareto Securities upgraded Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, Stifel Nicolaus set a $11.00 target price on Star Bulk Carriers Corp. and gave the stock a “hold” rating in a research note on Sunday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $13.00.

COPYRIGHT VIOLATION NOTICE: “Jefferies Group Weighs in on Star Bulk Carriers Corp.’s Q3 2017 Earnings (SBLK)” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/10/23/jefferies-group-weighs-in-on-star-bulk-carriers-corp-s-q3-2017-earnings-sblk.html.

Shares of Star Bulk Carriers Corp. (SBLK) opened at 10.47 on Monday. The company’s market cap is $663.96 million. Star Bulk Carriers Corp. has a 1-year low of $4.04 and a 1-year high of $13.40. The firm has a 50-day moving average price of $10.44 and a 200 day moving average price of $9.87.

A number of institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new position in Star Bulk Carriers Corp. in the second quarter valued at approximately $110,000. Caspian Capital LP lifted its stake in Star Bulk Carriers Corp. by 10.7% in the second quarter. Caspian Capital LP now owns 3,167,787 shares of the shipping company’s stock valued at $31,139,000 after purchasing an additional 306,341 shares during the last quarter. State Street Corp purchased a new position in Star Bulk Carriers Corp. in the second quarter valued at approximately $176,000. GLG Partners LP purchased a new position in Star Bulk Carriers Corp. in the second quarter valued at approximately $127,000. Finally, Goldman Sachs Group Inc. lifted its stake in Star Bulk Carriers Corp. by 12.8% in the second quarter. Goldman Sachs Group Inc. now owns 49,515 shares of the shipping company’s stock valued at $487,000 after purchasing an additional 5,619 shares during the last quarter. 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).

Receive News & Ratings for Star Bulk Carriers Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Star Bulk Carriers Corp. and related companies with MarketBeat.com's FREE daily email newsletter.