Star Bulk Carriers Corp. (SBLK) Stock Price Down 5.2%
Star Bulk Carriers Corp. (NASDAQ:SBLK) fell 5.2% during trading on Monday . The stock traded as low as $4.12 and last traded at $4.22, with a volume of 54,312 shares. The stock had previously closed at $4.45.
Several brokerages recently commented on SBLK. Seaport Global Securities began coverage on Star Bulk Carriers Corp. in a report on Tuesday. They set a “neutral” rating and a $4.00 target price on the stock. Zacks Investment Research cut Star Bulk Carriers Corp. from a “buy” rating to a “hold” rating in a report on Friday, June 10th. JPMorgan Chase & Co. raised Star Bulk Carriers Corp. from a “neutral” rating to an “overweight” rating and set a $6.50 target price on the stock in a report on Tuesday, July 19th. Finally, ABN Amro raised Star Bulk Carriers Corp. from an “add” rating to a “buy” rating in a report on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $3.42.
The firm’s market cap is $178.02 million. The stock has a 50-day moving average of $3.56 and a 200-day moving average of $3.57.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last posted its earnings results on Wednesday, June 29th. The company reported ($0.87) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.04) by $0.17. The business earned $46.30 million during the quarter. Equities research analysts forecast that Star Bulk Carriers Corp. will post ($3.01) EPS for the current year.
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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