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Main » Securities Analyst Recommendations: Star Bulk Carriers Corp. (SBLK), Inc. (STMP)

Securities Analyst Recommendations: Star Bulk Carriers Corp. (SBLK), Inc. (STMP)

16 May 2018

It's down -0.05, from 1.28 in 2017Q3. 516.43 million shares or 1.05% more from 511.08 million shares in 2017Q3 were reported.

Continuing its consolidation of the sector Star Bulk Carriers is buying Songa Bulk in a cash and share deal worth $327.95m. (NASDAQ:SBLK) is a huge mover today! About 855,403 shares traded or 179.99% up from the average. (NASDAQ:SBLK) tinted loss of -0.52% (-0.07 points) to US$13.33. We have $14.07 PT which if reached, will make NASDAQ:SBLK worth $42.99 million more.

Clean Yield Group holds 3.3% of its portfolio in Century Bancorp, Inc. for 106,553 shares. Tokio Marine Asset Management Co. Institutional investors own 69.57% of the company's stock. The Florida-based Daniel Devine & Co has invested 0.64% in the stock. The company has market cap of $871.29 million. Century Bancorp, Inc. (CNBKA) has risen 27.27% since May 15, 2017 and is uptrending. It has outperformed by 1.48% the S&P500.

SBLK hit $13.4 during the last trading session after $0.17 change.Star Bulk Carriers Corp. has volume of 117,825 shares. Therefore 89% are positive. On Monday, December 18 Jefferies initiated Star Bulk Carriers Corp. The stock is a Buy among 2 brokerage firms polled by Factset Research. The rating was upgraded by Deutsche Bank to "Buy" on Monday, September 28. The company was downgraded on Thursday, February 4 by Seaport Global. On Monday, February 12 the company was maintained by Morgan Stanley. The firm has "Hold" rating given on Thursday, May 25 by Stifel Nicolaus. They now have a "hold" rating on the stock. BidaskClub raised shares of Star Bulk Carriers from a "hold" rating to a "buy" rating in a report on Friday, February 23rd. (NASDAQ:SBLK) with "Buy" rating. The Consideration Shares will be restricted from trading in the USA, including through the Nasdaq Global Select Market, for a period of six months following the distribution of the Consideration Shares to the shareholders of Songa unless they are sold pursuant to a transaction exempt from, or not subject to, registration under the Securities Act of 1933, as amended (the Act).

As part of the transaction Arne Blystad will join Star Bulk's board of directors, while Songa Bulk chief executive Herman Billung will join Star Bulk's management team. (NASDAQ:SBLK)'s earnings report, RTT reports. Analysts forecast 200.00 % diference or $0.21 from the $-0.21 EPS from 2017. SBLK's profit will be $10.91M for 19.71 P/E if the $0.17 EPS becomes a reality.

Star Bulk Carriers (NASDAQ:SBLK) last posted its earnings results on Tuesday, February 27th. Star Bulk Carriers has a fifty-two week low of $13.20 and a fifty-two week high of $13.51. The next is "Star Bulk Carriers (SBLK) to Buy 16 Vessels from Augustea Atlantica & York Capital Management" on April 20, 2018.

In total 6 analysts cover Star Bulk Carriers (NASDAQ:SBLK). After giving effect to the Vessel Purchase Transactions, Star Bulk will have a fleet of 108 vessels on a fully delivered basis, aggregate cargo-carrying capacity of approximately 12.26 million DWT and vessels with an average age of 7.1 years.

Star Bulk Carriers had its price target lowered by analysts at Morgan Stanley from $15.00 to $14.00. The company had revenue of $107.71 million for the quarter, compared to the consensus estimate of $107.10 million. sell-side analysts anticipate that Star Bulk Carriers will post 1.08 EPS for the current year. The Company's vessels transport bulk commodities, including ores, coal, grains, fertilizers, and steel products.