Star Bulk Carriers (SBLK) Gets a Buy Rating from Seaport Global

By Jason Carr

Seaport Global analyst Magnus Fyhr reiterated a Buy rating on Star Bulk Carriers (NASDAQ: SBLK) on August 9 and set a price target of $20. The company’s shares closed on Friday at $13.14.

According to TipRanks.com, Fyhr is a 2-star analyst with an average return of 2.3% and a 44.8% success rate. Fyhr covers the Services sector, focusing on stocks such as Ship Finance International, Teekay Tankers Ltd, and Scorpio Bulkers.

Star Bulk Carriers has an analyst consensus of Moderate Buy, with a price target consensus of $17.43.

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The company has a one-year high of $14.60 and a one-year low of $8.62. Currently, Star Bulk Carriers has an average volume of 451.7K.

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Star Bulk Carriers Corp. is a holding company, which engages in the provision of seaborne transportation solutions in the dry bulk sector. It ships iron ore, coal and grain, bauxite, fertilizers, and steel products. The company was founded by Petros Alexandros Pappas on December 13, 2006 and is headquartered in Athens, Greece.