Star Bulk Carriers (SBLK) : 2 brokerage houses believe that Star Bulk Carriers (SBLK) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Star Bulk Carriers (SBLK). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 8 Wall Street Analysts endorse the stock as a Hold with a rating of 2.91.
Star Bulk Carriers (SBLK) : Currently there are 5 street experts covering Star Bulk Carriers (SBLK) stock. The most bullish and bearish price target for the stock is $5 and $1 respectively for the short term. The average price target of all the analysts comes to $3.2. The estimated standard deviation from the target is $1.48.
Also, Equity Analysts at the Seaport Global assumes the rating on Star Bulk Carriers (NASDAQ:SBLK). The brokerage firm has issued a Neutral rating on the shares. The rating by the firm was issued on August 2, 2016.
Star Bulk Carriers (NASDAQ:SBLK): The stock opened in the green at $4.58 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $4.58 and a low of $4.3 for the day. The stock did not find buyers even at the lows and closed at $4.39 recording a loss of -6.00%. 881,589 shares exchanged hands during the trading day. The stock had closed at $4.67 in the previous days trading.
Star Bulk Carriers Corp. is a shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. The Company transports a range of major and minor bulk commodities, including ores, coal, grains and fertilizers, along worldwide shipping routes. As of April 6, 2015, the Companys operating fleet of 68 vessels had an aggregate capacity of approximately 7.1 million deadweight tons (dwt). The Company has an operating fleet of dry bulk carrier vessels. The Companys fleet, which emphasizes Capesize vessels, primarily transports minerals from the Americas and Australia to East Asia, particularly China, but also Japan, South Korea, Taiwan, Indonesia and Malaysia. Its Supramax vessels carry minerals, grain products and steel between the Americas, Europe, Africa, Australia and Indonesia and from these areas to China, Japan, South Korea, Taiwan, the Philippines and Malaysia. Its newbuilding vessels are being built at Japanese and Chinese shipyards.