Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) have received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $5.00.
A number of research analysts have issued reports on SBLK shares. Zacks Investment Research raised Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a report on Friday, June 24th. Jefferies Group reissued a “buy” rating and issued a $6.00 price target (up from $5.00) on shares of Star Bulk Carriers Corp. in a report on Friday, September 16th. Pareto Securities raised Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a report on Monday, October 10th. Deutsche Bank AG reissued a “hold” rating on shares of Star Bulk Carriers Corp. in a report on Wednesday, September 28th. Finally, Seaport Global Securities reissued a “neutral” rating and issued a $4.00 price target on shares of Star Bulk Carriers Corp. in a report on Tuesday, August 2nd.
An institutional investor recently raised its position in Star Bulk Carriers Corp. stock. Geode Capital Management LLC boosted its stake in Star Bulk Carriers Corp. (NASDAQ:SBLK) by 64.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 136,746 shares of the company’s stock after buying an additional 53,743 shares during the period. Geode Capital Management LLC owned about 0.06% of Star Bulk Carriers Corp. worth $102,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 59.40% of the company’s stock.
Star Bulk Carriers Corp. (NASDAQ:SBLK) opened at 4.56 on Thursday. The stock’s 50 day moving average price is $4.68 and its 200-day moving average price is $4.16. Star Bulk Carriers Corp. has a 52-week low of $1.55 and a 52-week high of $11.70. The company’s market capitalization is $200.43 million.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last announced its quarterly earnings results on Wednesday, September 14th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.66) by $0.03. Star Bulk Carriers Corp. had a negative net margin of 187.42% and a negative return on equity of 10.28%. The company earned $52.65 million during the quarter. Analysts predict that Star Bulk Carriers Corp. will post ($2.56) earnings per share for the current fiscal year.
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. 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).
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.