Star Bulk Carriers (SBLK) Price Target Increased to $12.00 by Analysts at Stifel Nicolaus
Star Bulk Carriers (NASDAQ:SBLK) had its price objective increased by analysts at Stifel Nicolaus from $11.00 to $12.00 in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm presently has a “hold” rating on the shipping company’s stock. Stifel Nicolaus’ price target would indicate a potential downside of 4.31% from the stock’s previous close.
SBLK has been the topic of a number of other research reports. BidaskClub lowered Star Bulk Carriers from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Morgan Stanley reduced their price objective on Star Bulk Carriers from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, February 12th. Zacks Investment Research lowered Star Bulk Carriers from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, Jefferies Group initiated coverage on Star Bulk Carriers in a research report on Monday, December 18th. They set a “buy” rating and a $15.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Star Bulk Carriers has a consensus rating of “Buy” and an average price target of $14.00.
Shares of Star Bulk Carriers (NASDAQ:SBLK) opened at $12.54 on Thursday. The firm has a market capitalization of $807.69, a price-to-earnings ratio of -73.76 and a beta of 2.35. Star Bulk Carriers has a 52-week low of $7.57 and a 52-week high of $13.40. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.90.
Star Bulk Carriers Company Profile
Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt).
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