Star Bulk Carriers Corp. (NASDAQ:SBLK) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Friday. They currently have a $6.70 target price on the stock. Zacks‘s price target suggests a potential downside of 5.50% from the stock’s previous close.

Star Bulk Carriers Corp. (NASDAQ:SBLK) traded down 1.27% during mid-day trading on Friday, hitting $7.00. The stock had a trading volume of 170,699 shares. Star Bulk Carriers Corp. has a one year low of $6.27 and a one year high of $15.88. The stock’s 50-day moving average is $9.09 and its 200-day moving average is $11.32. The company’s market cap is $637.2 million.

Star Bulk Carriers Corp. (NASDAQ:SBLK) last released its earnings data on Tuesday, December 2nd. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.05) by $0.02. The company had revenue of $36.80 million for the quarter. During the same quarter in the prior year, the company posted ($0.01) earnings per share. Analysts expect that Star Bulk Carriers Corp. will post $0.13 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus cut their price target on shares of Star Bulk Carriers Corp. from $16.00 to $14.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Sterne Agee initiated coverage on shares of Star Bulk Carriers Corp. in a research note on Monday, November 10th. They set a “buy” rating and a $13.00 price target on the stock. Finally, analysts at Maxim Group initiated coverage on shares of Star Bulk Carriers Corp. in a research note on Wednesday, October 8th. They set a “buy” rating and a $17.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $16.09.

Star Bulk Carriers Corp. (NASDAQ:SBLK) is an international company providing worldwide transportation of drybulk commodities through its vessel-owning subsidiaries for a range of customers of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer.

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