Morgan Stanley Raises Star Bulk Carriers (SBLK) Price Target to $15.00
Star Bulk Carriers (NASDAQ:SBLK) had its price target boosted by Morgan Stanley from $14.00 to $15.00 in a research note published on Thursday. They currently have an overweight rating on the shipping company’s stock.
SBLK has been the subject of several other research reports. BidaskClub cut shares of Star Bulk Carriers from a hold rating to a sell rating in a research report on Wednesday, January 31st. Stifel Nicolaus upped their price target on shares of Star Bulk Carriers from $11.00 to $12.00 and gave the stock a hold rating in a research report on Thursday. Zacks Investment Research cut shares of Star Bulk Carriers from a buy rating to a hold rating in a research report on Friday, January 26th. Finally, Jefferies Group began coverage on shares of Star Bulk Carriers in a research report on Monday, December 18th. They issued a buy rating and a $15.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Buy and an average price target of $14.00.
Star Bulk Carriers (NASDAQ SBLK) traded down $0.14 during trading on Thursday, reaching $12.40. 101,589 shares of the company’s stock traded hands, compared to its average volume of 442,989. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.64 and a quick ratio of 2.64. Star Bulk Carriers has a 12 month low of $7.57 and a 12 month high of $13.40.
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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