Cleaves Securities analyst Joakim Hannisdahl maintained a Buy rating on Star Bulk Carriers (NASDAQ:SBLK) on Saturday, setting a price target of $19, which is approximately 34.56% above the present share price of $14.12.
Hannisdahl expects Star Bulk Carriers to post earnings per share (EPS) of $0.24 for the first quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Star Bulk Carriers, with an average price target of $13.57.
The analysts price targets range from a high of $19 to a low of $8.7.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $200.22 million and a net profit of $46.63 million. The company's market cap is $1.4 billion.
According to TipRanks.com, Cleaves Securities analyst Joakim Hannisdahl is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 13.1% and a 60.08% success rate.
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.