B.Riley FBR analyst Liam Burke maintained a Buy rating on Scorpio Bulkers (SALT) today and set a price target of $6.50. The company’s shares closed last Monday at $4.06, close to its 52-week low of $3.57.
According to TipRanks.com, Burke is a 1-star analyst with an average return of -1.1% and a 50.5% success rate. Burke covers the Services sector, focusing on stocks such as Ship Finance International, Matthews International, and Nordic American Tanker.
Currently, the analyst consensus on Scorpio Bulkers is a Moderate Buy with an average price target of $6.68.
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The company has a one-year high of $7.78 and a one-year low of $3.57. Currently, Scorpio Bulkers has an average volume of 318.9K.
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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.
