Star Bulk Carriers Corp. (SBLK) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) have been assigned an average rating of “Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $13.20.
A number of equities research analysts have issued reports on the stock. TheStreet raised shares of Star Bulk Carriers from a “d+” rating to a “c” rating in a research report on Wednesday, August 9th. BidaskClub raised shares of Star Bulk Carriers from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Stifel Nicolaus set a $11.00 price objective on shares of Star Bulk Carriers and gave the stock a “hold” rating in a research report on Sunday, October 22nd. Pareto Securities raised shares of Star Bulk Carriers from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Finally, Zacks Investment Research raised shares of Star Bulk Carriers from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th.
Shares of Star Bulk Carriers (NASDAQ:SBLK) opened at $10.68 on Thursday. Star Bulk Carriers has a 52-week low of $4.63 and a 52-week high of $13.40. The company has a debt-to-equity ratio of 0.96, a current ratio of 6.93 and a quick ratio of 6.93.
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About Star Bulk Carriers
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).
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