The stock of Star Bulk Carriers Corp. (NASDAQ:SBLK) is a huge mover today! About 173,136 shares traded hands. Star Bulk Carriers Corp. (NASDAQ:SBLK) has risen 50.16% since March 2, 2016 and is uptrending. It has outperformed by 41.91% the S&P500.
The move comes after 9 months positive chart setup for the $215.26 million company. It was reported on Oct, 5 by Barchart.com. We have $9.39 PT which if reached, will make NASDAQ:SBLK worth $193.73M more.
Star Bulk Carriers Corp. (NASDAQ:SBLK) Ratings Coverage
Out of 7 analysts covering Star Bulk Carriers (NASDAQ:SBLK), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. Star Bulk Carriers has been the topic of 15 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The stock of Star Bulk Carriers Corp. (NASDAQ:SBLK) has “Neutral” rating given on Thursday, February 4 by Seaport Global. The stock has “Neutral” rating given by Seaport Global on Tuesday, August 2. The firm earned “Buy” rating on Monday, September 28 by Deutsche Bank. The stock of Star Bulk Carriers Corp. (NASDAQ:SBLK) has “Underweight” rating given on Tuesday, December 15 by Morgan Stanley. The rating was upgraded by UBS on Friday, November 20 to “Neutral”. The firm earned “Overweight” rating on Tuesday, July 19 by JP Morgan. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, January 7. The rating was downgraded by JP Morgan on Tuesday, January 26 to “Neutral”. The stock of Star Bulk Carriers Corp. (NASDAQ:SBLK) earned “Overweight” rating by JP Morgan on Thursday, October 15. The stock has “Hold” rating given by Deutsche Bank on Wednesday, November 18.
According to Zacks Investment Research, “STAR BULK is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, coal and grain and minor bulks such as bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands and is headquartered in Athens, Greece. Its common stock and warrants trade on the NASDAQ Global Market under the symbols SBLK and SBLKW respectively. Currently, Star Bulk has an operating fleet of nine dry bulk carriers, plus definitive agreement to acquire two further dry bulk carriers.”
More recent Star Bulk Carriers Corp. (NASDAQ:SBLK) news were published by: Finance.Yahoo.com which released: “Star Bulk Carriers Corp. Announces $51.5 Million Public Offering of Common Stock” on September 14, 2016. Also Valuewalk.com published the news titled: “Star Bulk Carriers Corp. (SBLK): 10 Bagger Or Bust” on February 02, 2016. Seekingalpha.com‘s news article titled: “Massive Restructuring Looms For Star Bulk Carriers” with publication date: June 22, 2016 was also an interesting one.
SBLK Company Profile
Star Bulk Carriers Corp., incorporated on December 13, 2006, is an international shipping company. The Firm owns and operates a fleet of dry bulk carrier vessels. The Company’s segment is operating dry bulk vessels. The Firm has a fleet of approximately 76 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels, with a carrying capacity between 45,588 and 209,537 deadweight tonnage (dwt). The Company’s vessels transport a range of bulk commodities, including ores, coal, grains and fertilizers, along shipping routes across the world.
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