Zacks Rating on Scorpio Bulkers (SALT)

Scorpio Bulkers (SALT) : Zacks Investment Research ranks Scorpio Bulkers (SALT) as 2, which is a Buy recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 1.67, which indicates as a Buy.

Scorpio Bulkers (SALT) : Average target price received by Scorpio Bulkers (SALT) is $7.1 with an expected standard deviation of $6.15. The most aggressive target on the stock is $18, whereas the most downbeat target is $3. 5 financial analysts are currently covering the stock.


Scorpio Bulkers Inc. has dropped 4.53% in the last five trading days, however, the shares have posted positive gains of 0.32% in the last 4 weeks. Scorpio Bulkers Inc. has dropped 12.95% during the last 3-month period . Year-to-Date the stock performance stands at -68.05%. Scorpio Bulkers (NYSE:SALT): stock turned positive on Tuesday. Though the stock opened at $3.07, the bulls momentum made the stock top out at $3.17 level for the day. The stock recorded a low of $3.06 and closed the trading day at $3.16, in the green by 3.95%. The total traded volume for the day was 261,773. The stock had closed at $3.04 in the previous days trading.

Scorpio Bulkers Inc is a company engaged in marine transportation, based in the Marshall Islands. It is a provider of transportation services of dry bulk commodities. The Company aims to acquire, own and operate a fleet of medium-sized dry bulk carriers. It has offices in Monaco and New York. The Company has contracted and agreed to purchase 28 Ultramax, 21 Kamsarmax and three Capesize newbuilding dry ship vessels, with deliveries scheduled from second quarter of 2014. It is a part of the Scorpio Group.

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