Jefferies Group Reaffirms “Buy” Rating for Star Bulk Carriers Corp. (SBLK)
Jefferies Group restated their buy rating on shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) in a research note published on Friday morning. Jefferies Group currently has a $6.00 target price on the stock, up from their prior target price of $5.00.
Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Star Bulk Carriers Corp. from a buy rating to a hold rating in a research report on Wednesday, September 7th. Seaport Global Securities restated a neutral rating and issued a $4.00 price objective on shares of Star Bulk Carriers Corp. in a research report on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. upgraded Star Bulk Carriers Corp. from a neutral rating to an overweight rating and set a $6.50 price objective on the stock in a research report on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Star Bulk Carriers Corp. currently has a consensus rating of Hold and a consensus target price of $4.00.
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) opened at 4.86 on Friday. The firm’s market capitalization is $213.62 million. The company’s 50 day moving average price is $4.35 and its 200-day moving average price is $4.03. Star Bulk Carriers Corp. has a 12 month low of $1.55 and a 12 month high of $12.40.
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 the Zacks’ consensus estimate of ($0.66) by $0.03. The firm had revenue of $52.65 million for the quarter. Star Bulk Carriers Corp. had a negative return on equity of 10.28% and a negative net margin of 187.42%. On average, equities analysts predict that Star Bulk Carriers Corp. will post ($2.61) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Star Bulk Carriers Corp. stock. Goldman Sachs Group Inc. increased its position in shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) by 55.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,863 shares of the company’s stock after buying an additional 50,385 shares during the period. Goldman Sachs Group Inc. owned 0.06% of Star Bulk Carriers Corp. worth $106,000 as of its most recent SEC filing. Institutional investors own 75.77% of the company’s stock.
About Star Bulk Carriers Corp.
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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