Star Bulk Carriers Receives a New Rating from Top Analyst

By Carrie Williams

In a report released today, Douglas Mavrinac from Jefferies reiterated a Buy rating on Star Bulk Carriers (NASDAQ: SBLK), with a price target of $11. The company’s shares closed yesterday at $12.

According to TipRanks.com, Mavrinac is a top 100 analyst with an average return of 20.9% and a 64.5% 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 $11.

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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.