Star Bulk Carriers Corp. (SBLK) Rating Reiterated by Jefferies Group
Jefferies Group reaffirmed their buy rating on shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) in a report released on Friday morning. Jefferies Group currently has a $6.00 target price on the stock, up from their prior target price of $5.00.
A number of other equities research analysts also recently commented on the company. JPMorgan Chase & Co. upgraded Star Bulk Carriers Corp. from a neutral rating to an overweight rating and set a $6.50 target price on the stock in a research report on Tuesday, July 19th. Seaport Global Securities reiterated a neutral rating and issued a $4.00 target price on shares of Star Bulk Carriers Corp. in a research report on Tuesday, August 2nd. Finally, Zacks Investment Research downgraded Star Bulk Carriers Corp. from a buy rating to a hold rating in a research report on Saturday, June 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $4.00.
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) opened at 4.98 on Friday. The stock has a 50 day moving average price of $4.38 and a 200-day moving average price of $4.04. Star Bulk Carriers Corp. has a 12 month low of $1.55 and a 12 month high of $12.40. The company’s market capitalization is $218.90 million.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last posted its earnings results on Wednesday, September 14th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by $0.03. The firm earned $52.65 million during the quarter. Star Bulk Carriers Corp. had a negative return on equity of 10.28% and a negative net margin of 187.42%. Analysts expect that Star Bulk Carriers Corp. will post ($2.61) earnings per share for the current fiscal year.
An institutional investor recently raised its position 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 filing with the SEC. The fund owned 136,746 shares of the company’s stock after buying an additional 53,743 shares during the period. Geode Capital Management LLC owned 0.06% of Star Bulk Carriers Corp. worth $102,000 at the end of the most recent quarter. 75.77% of the stock is currently owned by institutional investors and hedge funds.
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).
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