Star Bulk Carriers Corp.’s (SBLK) Hold Rating Reiterated at Deutsche Bank AG
SBLK has been the subject of a number of other research reports. Morgan Stanley reiterated a sell rating and issued a $3.00 price target on shares of Star Bulk Carriers Corp. in a research note on Friday, September 16th. JPMorgan Chase & Co. upgraded shares of Star Bulk Carriers Corp. from a neutral rating to an overweight rating and set a $6.50 price objective for the company in a research report on Tuesday, July 19th. Zacks Investment Research downgraded shares of Star Bulk Carriers Corp. from a buy rating to a hold rating in a research report on Saturday, June 4th. Seaport Global Securities restated a neutral rating and set a $4.00 price objective on shares of Star Bulk Carriers Corp. in a research report on Tuesday, August 2nd. Finally, Jefferies Group restated a buy rating and set a $6.00 price objective (up previously from $5.00) on shares of Star Bulk Carriers Corp. in a research report on Friday, September 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $4.00.
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) opened at 4.62 on Wednesday. The stock has a 50 day moving average of $4.51 and a 200-day moving average of $4.08. Star Bulk Carriers Corp. has a 1-year low of $1.55 and a 1-year high of $12.00. The firm’s market cap is $203.07 million.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last issued its quarterly earnings results on Wednesday, September 14th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.66) by $0.03. Star Bulk Carriers Corp. had a negative return on equity of 10.28% and a negative net margin of 187.42%. The firm earned $52.65 million during the quarter. Equities analysts anticipate that Star Bulk Carriers Corp. will post ($2.56) EPS for the current fiscal year.
An institutional investor recently raised its position in Star Bulk Carriers Corp. stock. Geode Capital Management LLC boosted its stake in shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) by 64.7% during the first quarter, according to its most recent 13F filing with the 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 about 0.06% of Star Bulk Carriers Corp. worth $102,000 at the end of the most recent quarter. Institutional investors own 75.53% 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. 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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