Star Bulk Carriers Corp. (NASDAQ:SBLK) Given Consensus Rating of “Buy” by Analysts

Star Bulk Carriers Corp. (NASDAQ:SBLKGet Rating) has earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $35.00.

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Star Bulk Carriers in a research report on Wednesday, April 27th. They issued a “buy” rating for the company. Zacks Investment Research raised Star Bulk Carriers from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Thursday, April 28th. Pareto Securities downgraded Star Bulk Carriers from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research note on Wednesday, February 23rd. StockNews.com downgraded Star Bulk Carriers from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 20th. Finally, HC Wainwright boosted their price target on Star Bulk Carriers from $35.00 to $40.00 in a research note on Friday, February 18th.

SBLK stock opened at $31.01 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.35 and a quick ratio of 2.09. The company has a fifty day moving average price of $29.07 and a two-hundred day moving average price of $24.97. Star Bulk Carriers has a one year low of $16.56 and a one year high of $32.41. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 4.66 and a beta of 0.89.

Star Bulk Carriers (NASDAQ:SBLKGet Rating) last announced its earnings results on Wednesday, February 16th. The shipping company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.44. The company had revenue of $499.86 million during the quarter, compared to analysts’ expectations of $476.10 million. Star Bulk Carriers had a net margin of 47.67% and a return on equity of 37.79%. During the same quarter in the previous year, the business posted $0.30 earnings per share. Research analysts anticipate that Star Bulk Carriers will post 6.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Wednesday, March 2nd were paid a dividend of $2.00 per share. This is an increase from Star Bulk Carriers’s previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, March 1st. This represents a $8.00 annualized dividend and a yield of 25.80%. Star Bulk Carriers’s payout ratio is presently 120.12%.

Institutional investors have recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Star Bulk Carriers in the first quarter valued at approximately $26,000. IronBridge Private Wealth LLC bought a new stake in Star Bulk Carriers in the fourth quarter valued at approximately $34,000. Spire Wealth Management bought a new position in shares of Star Bulk Carriers during the 4th quarter worth approximately $45,000. Geneos Wealth Management Inc. bought a new position in shares of Star Bulk Carriers during the 4th quarter worth approximately $47,000. Finally, Marshall Wace North America L.P. bought a new position in shares of Star Bulk Carriers during the 1st quarter worth approximately $47,000. 49.81% of the stock is owned by institutional investors.

Star Bulk Carriers Company Profile (Get Rating)

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. The company's vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of December 31, 2021, it had a fleet of 128 vessels with an aggregate capacity of approximately 14.1 million deadweight tons, including 17 Newcastlemax, 24 Capesize, 7 Post Panamax, 41 Kamsarmax, 2 Panamax, 20 Ultramax, and 17 Supramax vessels.

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Analyst Recommendations for Star Bulk Carriers (NASDAQ:SBLK)

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