Star Bulk Carriers (SBLK) Coverage Initiated by Analysts at Jefferies Group

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.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Neuberger Berman Group LLC boosted its holdings in shares of Star Bulk Carriers by 3.5% in the second quarter. Neuberger Berman Group LLC now owns 31,146 shares of the shipping company’s stock worth $306,000 after buying an additional 1,052 shares during the period. Westpac Banking Corp boosted its holdings in shares of Star Bulk Carriers by 13.8% in the second quarter. Westpac Banking Corp now owns 31,820 shares of the shipping company’s stock worth $313,000 after buying an additional 3,859 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Star Bulk Carriers by 12.8% during the second quarter. Goldman Sachs Group Inc. now owns 49,515 shares of the shipping company’s stock worth $487,000 after purchasing an additional 5,619 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Star Bulk Carriers by 65.8% during the third quarter. Dynamic Technology Lab Private Ltd now owns 18,577 shares of the shipping company’s stock worth $181,000 after purchasing an additional 7,373 shares during the period. Finally, Capital Fund Management S.A. acquired a new stake in shares of Star Bulk Carriers during the second quarter worth approximately $103,000. Institutional investors own 70.43% of the company’s stock.

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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).

Analyst Recommendations for Star Bulk Carriers (NASDAQ:SBLK)

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