Cleaves Securities Maintains a Buy Rating on Star Bulk Carriers (SBLK)


In a report issued on December 3, Joakim Hannisdahl from Cleaves Securities maintained a Buy rating on Star Bulk Carriers (SBLK), with a price target of $11.00. The company’s shares closed last Friday at $8.68.

According to TipRanks.com, Hannisdahl is a 4-star analyst with an average return of 6.7% and a 62.9% success rate. Hannisdahl covers the Industrial Goods sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.

Star Bulk Carriers has an analyst consensus of Moderate Buy, with a price target consensus of $11.57.

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The company has a one-year high of $12.09 and a one-year low of $3.86. Currently, Star Bulk Carriers has an average volume of 506.8K.

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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.

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