BidaskClub lowered shares of Star Bulk Carriers (NASDAQ:SBLK) from a buy rating to a hold rating in a research report report published on Tuesday.

A number of other equities analysts have also weighed in on the stock. Morgan Stanley decreased their price target on shares of Star Bulk Carriers from $15.00 to $14.00 and set an overweight rating on the stock in a report on Tuesday, April 17th. Zacks Investment Research upgraded shares of Star Bulk Carriers from a hold rating to a strong-buy rating and set a $15.00 price target on the stock in a report on Thursday, May 24th. Stifel Nicolaus upgraded shares of Star Bulk Carriers from a hold rating to a buy rating and set a $15.00 price target on the stock in a report on Monday, April 23rd. ValuEngine lowered shares of Star Bulk Carriers from a hold rating to a sell rating in a report on Monday. Finally, Seaport Global Securities reiterated a buy rating and issued a $20.00 price target on shares of Star Bulk Carriers in a report on Sunday, August 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Star Bulk Carriers presently has a consensus rating of Buy and a consensus target price of $16.21.

SBLK stock traded up $0.03 during midday trading on Tuesday, hitting $12.56. The stock had a trading volume of 2,730 shares, compared to its average volume of 402,997. The stock has a market capitalization of $842.97 million, a P/E ratio of -57.11 and a beta of 2.24. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.56 and a current ratio of 1.66. Star Bulk Carriers has a 12-month low of $8.62 and a 12-month high of $14.60.

Star Bulk Carriers (NASDAQ:SBLK) last released its earnings results on Monday, June 11th. The shipping company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The firm had revenue of $121.06 million during the quarter, compared to analysts’ expectations of $100.93 million. Star Bulk Carriers had a net margin of 8.39% and a return on equity of 3.79%. research analysts forecast that Star Bulk Carriers will post 1.3 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Two Sigma Advisers LP increased its stake in Star Bulk Carriers by 195.1% in the 4th quarter. Two Sigma Advisers LP now owns 65,400 shares of the shipping company’s stock valued at $736,000 after buying an additional 43,240 shares during the period. JPMorgan Chase & Co. raised its holdings in Star Bulk Carriers by 24.3% during the 1st quarter. JPMorgan Chase & Co. now owns 188,287 shares of the shipping company’s stock worth $2,190,000 after buying an additional 36,811 shares during the period. Jump Trading LLC acquired a new stake in Star Bulk Carriers during the 1st quarter worth approximately $128,000. Westpac Banking Corp raised its holdings in Star Bulk Carriers by 40.6% during the 1st quarter. Westpac Banking Corp now owns 133,741 shares of the shipping company’s stock worth $1,555,000 after buying an additional 38,641 shares during the period. Finally, A.R.T. Advisors LLC raised its holdings in Star Bulk Carriers by 16.5% during the 1st quarter. A.R.T. Advisors LLC now owns 90,604 shares of the shipping company’s stock worth $1,053,000 after buying an additional 12,800 shares during the period. Institutional investors own 69.59% of the company’s stock.

Star Bulk Carriers Company Profile

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of May 14, 2018, the company had a fleet of 108 vessels with an aggregate capacity of approximately 12.26 million deadweight ton (dwt), including 17 Newcastlemax, 18 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 16 Ultramax, and 11 Supramax vessels.

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Analyst Recommendations for Star Bulk Carriers (NASDAQ:SBLK)

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