TOday’s Movers: Star Bulk Carriers (NASDAQ:SBLK) Stock Rating Reaffirmed by Analysts at Morgan Stanley; $15 Target Price Indicates 9.09 % Potential

June 13, 2018 - By Gary Horn

Star Bulk Carriers Corp. (NASDAQ:SBLK) Logo

Star Bulk Carriers (NASDAQ:SBLK) Rating Reaffirmed

They currently have a $15 TP on Star Bulk Carriers (NASDAQ:SBLK). The target price by Morgan Stanley would suggest a potential upside of 9.09 % from the company’s last stock price. This has been shown in analysts report on Wednesday morning.

Star Bulk Carriers Corp. (NASDAQ:SBLK) Ratings Coverage

Among 6 analysts covering Star Bulk Carriers (NASDAQ:SBLK), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Star Bulk Carriers has $17.5 highest and $12 lowest target. $15.50’s average target is 12.73% above currents $13.75 stock price. Star Bulk Carriers had 9 analyst reports since December 18, 2017 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Thursday, March 1 with “Overweight”. Morgan Stanley maintained it with “Overweight” rating and $14 target in Monday, February 12 report. Seaport Global maintained Star Bulk Carriers Corp. (NASDAQ:SBLK) rating on Wednesday, February 28. Seaport Global has “Buy” rating and $16.0 target. On Monday, April 23 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The stock has “Buy” rating by Drewry Financial on Friday, April 6. Stifel Nicolaus maintained it with “Hold” rating and $12 target in Thursday, March 1 report. The stock of Star Bulk Carriers Corp. (NASDAQ:SBLK) has “Buy” rating given on Monday, December 18 by Jefferies. The firm earned “Overweight” rating on Tuesday, April 17 by Morgan Stanley. As per Friday, March 23, the company rating was maintained by JP Morgan.

The stock increased 3.46% or $0.46 during the last trading session, reaching $13.75. About 100,810 shares traded. Star Bulk Carriers Corp. (NASDAQ:SBLK) has risen 60.54% since June 13, 2017 and is uptrending. It has outperformed by 47.97% the S&P500.

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. The company has market cap of $882.20 million. The Company’s vessels transport bulk commodities, including ores, coal, grains, fertilizers, and steel products. It currently has negative earnings. As of March 9, 2017, the firm had a fleet of 68 operating vessels and 4 newbuilding vessels, as well as operated a chartered-in Supramax vessel.

More notable recent Star Bulk Carriers Corp. (NASDAQ:SBLK) news were published by: Nasdaq.com which released: “New Research Coverage Highlights Star Bulk Carriers, Check Point Software Technologies, NetEase, CURO Group …” on June 04, 2018, also Streetinsider.com with their article: “Star Bulk Carriers (SBLK) Announces Acquisition of Three Dry Bulk Vessels” published on May 15, 2018, Investorplace.com published: “5 Best Profitable Stocks to Garner Stunning Returns” on May 29, 2018. More interesting news about Star Bulk Carriers Corp. (NASDAQ:SBLK) were released by: Fool.com and their article: “Star Bulk Carriers (SBLK) Q1 2018 Earnings Conference Call Transcript” published on June 12, 2018 as well as Seekingalpha.com‘s news article titled: “Star Bulk Carriers Corp. (SBLK) CEO Petros Pappas on Q1 2018 Results – Earnings Call Transcript” with publication date: June 12, 2018.

Star Bulk Carriers Corp. (NASDAQ:SBLK) Ratings Chart

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