Brokerages Set Star Bulk Carriers Co. (SBLK) PT at $15.10

Shares of Star Bulk Carriers Co. (NASDAQ:SBLK) have received a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $15.10.

Several equities analysts have recently commented on the company. TheStreet upgraded Star Bulk Carriers from a “d+” rating to a “c” rating in a research note on Friday, March 2nd. BidaskClub lowered Star Bulk Carriers from a “buy” rating to a “hold” rating in a research note on Saturday, March 10th. Morgan Stanley raised their price target on Star Bulk Carriers from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, March 1st. Stifel Nicolaus lifted their target price on Star Bulk Carriers from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Thursday, March 1st. Finally, Seaport Global Securities set a $16.00 target price on Star Bulk Carriers and gave the company a “buy” rating in a research note on Wednesday, February 28th.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. J. Goldman & Co LP grew its stake in shares of Star Bulk Carriers by 71.5% during the fourth quarter. J. Goldman & Co LP now owns 285,000 shares of the shipping company’s stock worth $3,209,000 after acquiring an additional 118,846 shares during the last quarter. LPL Financial LLC grew its stake in shares of Star Bulk Carriers by 86.5% during the fourth quarter. LPL Financial LLC now owns 24,431 shares of the shipping company’s stock worth $275,000 after acquiring an additional 11,331 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Star Bulk Carriers by 119.5% during the fourth quarter. Two Sigma Investments LP now owns 106,407 shares of the shipping company’s stock worth $1,198,000 after acquiring an additional 57,934 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of Star Bulk Carriers by 195.1% during the fourth quarter. Two Sigma Advisers LP now owns 65,400 shares of the shipping company’s stock worth $736,000 after acquiring an additional 43,240 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Star Bulk Carriers by 11.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 52,522 shares of the shipping company’s stock worth $591,000 after acquiring an additional 5,424 shares during the last quarter. Institutional investors own 69.59% of the company’s stock.

Shares of NASDAQ:SBLK traded up $0.11 on Wednesday, hitting $11.28. 268,596 shares of the company’s stock were exchanged, compared to its average volume of 269,061. Star Bulk Carriers has a 12 month low of $7.57 and a 12 month high of $13.29. The company has a market cap of $716.59, a price-to-earnings ratio of -51.27 and a beta of 2.26. The company has a current ratio of 1.43, a quick ratio of 1.34 and a debt-to-equity ratio of 0.77.

Star Bulk Carriers (NASDAQ:SBLK) last announced its quarterly earnings results on Tuesday, February 27th. The shipping company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.22 by $0.11. The firm had revenue of $107.71 million for the quarter, compared to analyst estimates of $107.10 million. Star Bulk Carriers had a negative return on equity of 0.44% and a negative net margin of 2.94%. equities research analysts predict that Star Bulk Carriers will post 1.06 EPS for the current fiscal year.

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About Star Bulk Carriers

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport bulk commodities, including ores, coal, grains, fertilizers, and steel products. As of March 9, 2017, the company had a fleet of 68 operating vessels and 4 newbuilding vessels, as well as operated a chartered-in Supramax vessel.

Analyst Recommendations for Star Bulk Carriers (NASDAQ:SBLK)

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