Noble Financial analyst Poe Fratt maintained a Buy rating on Scorpio Bulkers (SALT) yesterday and set a price target of $8.50. The company’s shares closed yesterday at $5.38.
According to TipRanks.com, Fratt is ranked #1347 out of 5198 analysts.
Scorpio Bulkers has an analyst consensus of Strong Buy, with a price target consensus of $8, which is a 48.7% upside from current levels. In a report released yesterday, B.Riley FBR also maintained a Buy rating on the stock with a $8 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $7.95 and a one-year low of $3.57. Currently, Scorpio Bulkers has an average volume of 474.7K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Scorpio Bulkers, Inc. engages in the provision of ocean transportation of dry bulk cargoes worldwide through the ownership and operation of dry bulk carrier vessels. It operates through the Ultramax Operations and Kamsarmax Operations segments. The Ultramax Operations segment includes vessels ranging from approximately 60,200 dwt to 64,000 dwt.
