Pareto Securities upgraded shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) from a hold rating to a buy rating in a report released on Monday morning, The Fly reports.
A number of other analysts have also commented on the stock. Zacks Investment Research upgraded shares of Star Bulk Carriers Corp. from a hold rating to a buy rating and set a $5.50 price target for the company in a research note on Thursday, October 6th. Deutsche Bank AG restated a hold rating on shares of Star Bulk Carriers Corp. in a research note on Wednesday, September 28th. Morgan Stanley restated a sell rating and set a $3.00 price target on shares of Star Bulk Carriers Corp. in a research note on Friday, September 16th. Jefferies Group restated a buy rating and set a $6.00 price target (up previously from $5.00) on shares of Star Bulk Carriers Corp. in a research note on Friday, September 16th. Finally, Seaport Global Securities restated a neutral rating and set a $4.00 price target on shares of Star Bulk Carriers Corp. in a research note on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $4.33.
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) traded up 1.9429% during mid-day trading on Monday, reaching $4.6384. 41,200 shares of the company’s stock traded hands. The firm has a 50-day moving average of $4.60 and a 200 day moving average of $4.13. The company’s market cap is $203.88 million. Star Bulk Carriers Corp. has a 12-month low of $1.55 and a 12-month high of $11.95.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last announced its quarterly earnings results on Wednesday, September 14th. The company reported ($0.69) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.66) by $0.03. The business had revenue of $52.65 million for the quarter. Star Bulk Carriers Corp. had a negative net margin of 187.42% and a negative return on equity of 10.28%. Equities analysts forecast that Star Bulk Carriers Corp. will post ($2.56) EPS for the current year.
A hedge fund recently raised its stake in Star Bulk Carriers Corp. stock. Geode Capital Management LLC increased its stake in shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) by 64.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,746 shares of the company’s stock after buying an additional 53,743 shares during the period. Geode Capital Management LLC owned approximately 0.06% of Star Bulk Carriers Corp. worth $102,000 as of its most recent SEC filing. 75.53% of the stock is owned by hedge funds and other institutional investors.
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. The Company’s segment is operating dry bulk vessels. The Company will have a fleet of approximately 76 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels, with a carrying capacity between 45,588 dwt and 209,537 deadweight tonnage (dwt).
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