Star Bulk Expands Dry Bulk Fleet

Star Bulk to acquire Songa Bulk fleet in deal worth $328m

With an institutional ownership near 0%, it carries an earnings per share ratio of 9.59. 55,295 are owned by Oakwood Capital Management Ltd Liability Ca. The Colorado-based Advisors Asset has invested 0.1% in Danaher Corporation (NYSE:DHR). Danaher Corporation had 94 analyst reports since July 28, 2015 according to SRatingsIntel. The company rating was maintained by Drewry Financial on Friday, April 6. On Tuesday, April 17 the stock has "Overweight" rating by Morgan Stanley. The firm earned "Buy" rating on Thursday, February 1 by Argus Research. The stock has "Market Perform" rating by Bernstein on Monday, April 4. The rating was maintained by Jefferies on Thursday, August 3 with "Buy". On Monday, April 23 the firm has "Buy" rating given by Stifel Nicolaus. Also 247Wallst.com published the news titled: "UBS Makes Big Health Care Swap in Top Performing Q-GARP Portfolio" on May 14, 2018.

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide.The company has $855.25 million market cap.

In total 6 analysts cover Star Bulk Carriers (NASDAQ:SBLK). (NASDAQ:SBLK) was released by: Prnewswire.com and their article: "This Morning's Technical Outlook on Shipping Stocks - Seaspan, Star Bulk Carriers, Teekay Offshore Partners, and ..." with publication date: April 24, 2018. The Company's vessels transport bulk commodities, including ores, coal, grains, fertilizers, and steel products.Last it reported negative earnings. Therefore 89% are positive. It now has negative earnings. JPMorgan Chase lifted their price target on Star Bulk Carriers from $17.00 to $17.50 and gave the stock an overweight rating in a research report on Friday, March 23rd. As of February 27, 2018, the firm had a fleet of 72 vessels with an aggregate capacity of approximately 7.8 million deadweight ton; and had contracts for 2 additional newbuilding vessels with an aggregate capacity of approximately 416,000 dwt. The Consideration Shares will be restricted from trading in the United States, 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).

"Through the acquisition we will also add further industry and capital markets expertise to Star Bulk's board and management through appointing Mr. Arne Blystad to our Board and including Mr. Herman Billung as part of our management team, expanding our presence in the Scandinavian investor market", commented Petro Pappas ceo of Star Bulk. Deutsche Bank downgraded it to "Hold" rating and $1 target in Wednesday, November 18 report. (NASDAQ:SBLK)'s earnings report, RTT reports. The stock rating was maintained by Stifel Nicolaus with "Hold" on Thursday, March 1.

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Star Bulk Carriers stock opened at $13.40 on Friday. (NASDAQ:SBLK) rating. Stifel Nicolaus has "Buy" rating and $1500 target. (NASDAQ:SBLK) rating. Morgan Stanley has "Overweight" rating and $15 target.

2/23/2018 - Star Bulk Carriers was upgraded by analysts at BidaskClub from a "hold" rating to a "buy" rating.

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