The stock of Star Bulk Carriers Corp. (NASDAQ:SBLK) is a huge mover today! About 327,063 shares traded hands or 51.44% up from the average. Star Bulk Carriers Corp. (NASDAQ:SBLK) has declined 1.65% since March 7, 2016 and is downtrending. It has underperformed by 9.24% the S&P500.
The move comes after 8 months negative chart setup for the $190.34 million company. It was reported on Oct, 10 by Barchart.com. We have $4.08 PT which if reached, will make NASDAQ:SBLK worth $19.03M less.
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. As per Thursday, January 7, the company rating was downgraded by Stifel Nicolaus. The stock of Star Bulk Carriers Corp. (NASDAQ:SBLK) has “Hold” rating given on Wednesday, November 18 by Deutsche Bank. The rating was upgraded by JP Morgan on Tuesday, July 19 to “Overweight”. The stock of Star Bulk Carriers Corp. (NASDAQ:SBLK) has “Buy” rating given on Thursday, April 21 by ABN Amro. As per Tuesday, December 15, the company rating was downgraded by Morgan Stanley. On Tuesday, August 2 the stock rating was reinitiated by Seaport Global with “Neutral”. Seaport Global downgraded Star Bulk Carriers Corp. (NASDAQ:SBLK) on Thursday, February 4 to “Neutral” rating. The rating was upgraded by Deutsche Bank on Monday, September 28 to “Buy”. On Friday, November 20 the stock rating was upgraded by UBS to “Neutral”. The rating was downgraded by JP Morgan to “Neutral” on Tuesday, January 26.
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 news for Star Bulk Carriers Corp. (NASDAQ:SBLK) were recently published by: Valuewalk.com, which released: “Star Bulk Carriers Corp. (SBLK): 10 Bagger Or Bust” on February 02, 2016. Seekingalpha.com‘s article titled: “Massive Restructuring Looms For Star Bulk Carriers” and published on June 22, 2016 is yet another important article.
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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