Published On: Fri, Sep 16th, 2016

Star Bulk Carriers Corp. (SBLK) Rating Reiterated by Jefferies Group

Star Bulk Carriers Corp. (NASDAQ:SBLK)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Group in a report released on Friday. They currently have a $6.00 price target on the stock. Jefferies Group’s price target would indicate a potential upside of 36.67% from the stock’s previous close.
SBLK has been the topic of several other reports. Zacks Investment Research raised shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a research note on Tuesday, June 14th. JPMorgan Chase & Co. raised shares of Star Bulk Carriers Corp. from a “neutral” rating to an “overweight” rating and set a $6.50 target price on the stock in a research note on Tuesday, July 19th. Finally, Seaport Global Securities reissued a “neutral” rating and set a $4.00 target price on shares of Star Bulk Carriers Corp. in a research note on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $4.20.
Star Bulk Carriers Corp. (NASDAQ:SBLK) opened at 4.39 on Friday. Star Bulk Carriers Corp. has a 52-week low of $1.55 and a 52-week high of $12.60. The stock’s market capitalization is $192.96 million. The firm has a 50-day moving average price of $4.31 and a 200 day moving average price of $4.00.

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Star Bulk Carriers Corp. (NASDAQ:SBLK) last posted its quarterly earnings results on Wednesday, September 14th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.66) by $0.03. The company earned $52.65 million during the quarter. Star Bulk Carriers Corp. had a negative net margin of 187.42% and a negative return on equity of 9.93%. On average, equities research analysts predict that Star Bulk Carriers Corp. will post ($2.98) EPS for the current year.
An institutional investor recently raised its position in Star Bulk Carriers Corp. stock. Geode Capital Management LLC increased 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. Hedge funds and other institutional investors own 75.77% 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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