The stock of Scorpio Bulkers Inc (NYSE:SALT) is a huge mover today! About 916,744 shares traded hands or 1.21% up from the average. Scorpio Bulkers Inc (NYSE:SALT) has risen 26.83% since April 20, 2016 and is uptrending. It has outperformed by 22.27% the S&P500.
The move comes after 8 months positive chart setup for the $398.83 million company. It was reported on Nov, 22 by Barchart.com. We have $5.78 PT which if reached, will make NYSE:SALT worth $19.94 million more.
Scorpio Bulkers Inc (NYSE:SALT) Ratings Coverage
Out of 7 analysts covering Scorpio Bulkers (NYSE:SALT), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. Scorpio Bulkers has been the topic of 15 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by UBS on Thursday, March 17. The stock has “Hold” rating given by Deutsche Bank on Monday, March 21. The firm has “Buy” rating by UBS given on Tuesday, December 1. The stock of Scorpio Bulkers Inc (NYSE:SALT) has “Buy” rating given on Tuesday, August 2 by Seaport Global. Jefferies maintained Scorpio Bulkers Inc (NYSE:SALT) rating on Friday, March 18. Jefferies has “Buy” rating and $6 price target. The firm has “Sell” rating given on Wednesday, August 24 by UBS. The firm earned “Hold” rating on Monday, March 21 by Evercore. Deutsche Bank upgraded Scorpio Bulkers Inc (NYSE:SALT) rating on Wednesday, July 29. Deutsche Bank has “Buy” rating and $3 price target. The firm earned “Overweight” rating on Tuesday, January 26 by JP Morgan. The rating was downgraded by Stifel Nicolaus on Thursday, January 7 to “Hold”.
According to Zacks Investment Research, “Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. The company’s vessels consist of Ultramax, Kamsarmax and Capesize. It operates shipyards in Japan, China and Romania. Scorpio Bulkers Inc. is based in MONACO.”
Another recent and important Scorpio Bulkers Inc (NYSE:SALT) news was published by Marketwired.com which published an article titled: “Scorpio Bulkers Inc. Announces the Cancellation of a Shipbuilding Contract” on April 03, 2016.
SALT Company Profile
Scorpio Bulkers Inc., incorporated on March 20, 2013, is a shipping company. The Firm offers marine transportation services for a range of bulk commodities, including ores, coal, grains and fertilizers using its vessels. The Firm focuses to acquire and operate the drybulk carriers. The Firm operates through three divisions: Capesize, Kamsarmax and Ultramax. The Company’s Capesize segment includes vessels of approximately 180,000 deadweight tonnage (DWT). The Company’s Kamsarmax segment includes vessels ranging from 77,500 DWT to 98,700 DWT. The Company’s Ultramax segment includes vessels ranging from 48,500 DWT to 64,000 DWT.
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