The stock of Scorpio Bulkers Inc (NYSE:SALT) is a huge mover today! About 203,223 shares traded hands. Scorpio Bulkers Inc (NYSE:SALT) has risen 28.40% since April 28, 2016 and is uptrending. It has outperformed by 22.47% the S&P500.
The move comes after 5 months positive chart setup for the $393.44M company. It was reported on Dec, 1 by Barchart.com. We have $5.60 PT which if reached, will make NYSE:SALT worth $23.61 million more.
Analysts await Scorpio Bulkers Inc (NYSE:SALT) to report earnings on March, 6. They expect $-0.26 earnings per share, up 67.50% or $0.54 from last year’s $-0.8 per share. After $-0.30 actual earnings per share reported by Scorpio Bulkers Inc for the previous quarter, Wall Street now forecasts -13.33% EPS growth.
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 firm has “Buy” rating given on Wednesday, July 29 by Deutsche Bank. Jefferies maintained Scorpio Bulkers Inc (NYSE:SALT) rating on Friday, March 18. Jefferies has “Buy” rating and $6 price target. Evercore downgraded Scorpio Bulkers Inc (NYSE:SALT) on Monday, March 21 to “Hold” rating. Deutsche Bank downgraded Scorpio Bulkers Inc (NYSE:SALT) rating on Wednesday, November 18. Deutsche Bank has “Hold” rating and $1 price target. UBS maintained the stock with “Buy” rating in Tuesday, December 1 report. The firm has “Sell” rating by UBS given on Wednesday, August 24. JP Morgan initiated the stock with “Neutral” rating in Thursday, October 15 report. Stifel Nicolaus downgraded Scorpio Bulkers Inc (NYSE:SALT) on Thursday, January 7 to “Hold” rating. The firm has “Buy” rating by Seaport Global given on Tuesday, August 2. Deutsche Bank maintained Scorpio Bulkers Inc (NYSE:SALT) on Monday, March 21 with “Hold” rating.
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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