Star Bulk Carriers Corp. (SBLK) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

Several other research firms have also commented on SBLK. TheStreet raised Star Bulk Carriers Corp. from a d+ rating to a c rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered Star Bulk Carriers Corp. from a hold rating to a sell rating in a research report on Wednesday, July 26th. Jefferies Group LLC boosted their price target on Star Bulk Carriers Corp. from $11.00 to $13.00 and gave the stock a buy rating in a research report on Monday, April 24th. Stifel Nicolaus set a $11.00 price target on Star Bulk Carriers Corp. and gave the stock a hold rating in a research report on Sunday, May 28th. Finally, Seaport Global Securities raised Star Bulk Carriers Corp. from a neutral rating to a buy rating and boosted their price target for the stock from $11.50 to $13.00 in a research report on Friday, May 26th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $12.50.

Shares of Star Bulk Carriers Corp. (NASDAQ SBLK) opened at 11.46 on Monday. The company’s 50 day moving average is $9.92 and its 200-day moving average is $9.56. The stock’s market capitalization is $725.83 million. Star Bulk Carriers Corp. has a 1-year low of $4.00 and a 1-year high of $13.40.

Star Bulk Carriers Corp. (NASDAQ:SBLK) last released its quarterly earnings results on Wednesday, May 24th. The shipping company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.04. The firm had revenue of $64.87 million for the quarter, compared to analyst estimates of $64.27 million. Star Bulk Carriers Corp. had a negative return on equity of 5.59% and a negative net margin of 36.90%. Equities analysts anticipate that Star Bulk Carriers Corp. will post ($0.38) earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of SBLK. Investment Centers of America Inc. acquired a new stake in Star Bulk Carriers Corp. during the first quarter valued at about $118,000. Capital Fund Management S.A. acquired a new stake in Star Bulk Carriers Corp. during the second quarter valued at about $103,000. KCG Holdings Inc. acquired a new stake in Star Bulk Carriers Corp. during the first quarter valued at about $140,000. GLG Partners LP acquired a new stake in Star Bulk Carriers Corp. during the second quarter valued at about $127,000. Finally, Fox Run Management L.L.C. acquired a new stake in Star Bulk Carriers Corp. during the second quarter valued at about $145,000. Institutional investors own 75.14% 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. 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).

Analyst Recommendations for Star Bulk Carriers Corp. (NASDAQ:SBLK)

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