Research analysts at Jefferies Group initiated coverage on shares of Star Bulk Carriers (NASDAQ:SBLK) in a research report issued to clients and investors on Monday. The firm set a “buy” rating and a $15.00 price target on the shipping company’s stock. Jefferies Group’s price objective points to a potential upside of 35.62% from the company’s current price.
Several other equities analysts have also weighed in on SBLK. Zacks Investment Research upgraded shares of Star Bulk Carriers from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. TheStreet cut shares of Star Bulk Carriers from a “c” rating to a “d+” rating in a report on Thursday, September 28th. Pareto Securities upgraded shares of Star Bulk Carriers from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Finally, Stifel Nicolaus set a $11.00 target price on shares of Star Bulk Carriers and gave the stock a “hold” rating in a report on Sunday, October 22nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $13.00.
Star Bulk Carriers (SBLK) opened at $11.06 on Monday. Star Bulk Carriers has a 12-month low of $4.63 and a 12-month high of $13.40. The company has a current ratio of 6.93, a quick ratio of 6.93 and a debt-to-equity ratio of 0.96.
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About Star Bulk Carriers
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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