Star Bulk Carriers (NASDAQ:SBLK) Earns Buy Rating from Analysts at DNB Markets

DNB Markets initiated coverage on shares of Star Bulk Carriers (NASDAQ:SBLK) in a research note issued to investors on Friday, January 4th, The Fly reports. The firm issued a buy rating on the shipping company’s stock.

SBLK has been the subject of a number of other reports. ValuEngine cut shares of Star Bulk Carriers from a sell rating to a strong sell rating in a report on Tuesday, November 6th. BidaskClub cut shares of Star Bulk Carriers from a hold rating to a sell rating in a report on Thursday, September 6th. Deutsche Bank set a $17.00 price target on shares of Star Bulk Carriers and gave the stock a buy rating in a report on Friday, September 28th. JPMorgan Chase & Co. set a $20.00 price target on shares of Star Bulk Carriers and gave the stock a buy rating in a report on Tuesday, September 11th. Finally, Zacks Investment Research cut shares of Star Bulk Carriers from a hold rating to a strong sell rating in a report on Friday, November 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Star Bulk Carriers currently has a consensus rating of Hold and an average target price of $17.00.

Shares of SBLK stock traded down $0.19 on Friday, reaching $9.91. 373,974 shares of the stock were exchanged, compared to its average volume of 449,737. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.79. Star Bulk Carriers has a tw....

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