Jefferies Sticks to Their Buy Rating for Star Bulk Carriers

By Austin Angelo

In a report released yesterday, Douglas Mavrinac from Jefferies reiterated a Buy rating on Star Bulk Carriers (NASDAQ: SBLK), with a price target of $13. The company’s shares closed yesterday at $7.81.

According to TipRanks.com, Mavrinac is a 4-star analyst with an average return of 4.9% and a 46.2% success rate. Mavrinac covers the Services sector, focusing on stocks such as Navios Maritime Partners Lp, Ship Finance International, and Golden Ocean Group Limited.

Star Bulk Carriers has an analyst consensus of Moderate Buy, with a price target consensus of $13.

The company has a one year high of $13.40 and a one year low of $0.69. Currently, Star Bulk Carriers has an average volume of 676.4K.

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