Analysts rate Star Bulk Carriers Corp. (SBLK:NSD) with a Strong Buy rating and a $33 target

STA Research
by: STA Research
SBLK stock

Based on the Star Bulk Carriers stock forecasts from from 3 analysts, the average analyst target price for Star Bulk Carriers Corp is USD 33.00 over the next 12 months. Star Bulk Carriers Corp’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Star Bulk Carriers Corp is Slightly Bullish , which is based on 11 positive signals and 5 negative signals. At the last closing, Star Bulk Carriers Corp’s stock price was USD 20.64Star Bulk Carriers Corp’s stock price has changed by -2.37% over the past week, -17.41% over the past month and +2.28% over the last year.

 

About Star Bulk Carriers Corp. (SBLK:NSD):

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. The company’s vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of December 31, 2021, it had a fleet of 128 vessels with an aggregate capacity of approximately 14.1 million deadweight tons, including 17 Newcastlemax, 24 Capesize, 7 Post Panamax, 41 Kamsarmax, 2 Panamax, 20 Ultramax, and 17 Supramax vessels. The company also provides vessel management services. Star Bulk Carriers Corp. was incorporated in 2006 and is based in Marousi, Greece.

 

Most Recent Analyst Ratings for SBLK’s stock:

Upgraded by Pareto Securities Hold » Buy 2022-09-20
Initiated Jefferies Financial LLC Buy USD 30 2022-07-21
Maintains Stifel Nicolaus Research Buy USD 37 » USD 32 2022-07-19
Target Up Stifel Nicolaus Research USD 37 2022-05-26
Downgraded by Pareto Securities Buy » Hold USD 30 2022-02-23
Maintains Jefferies Financial LLC Buy USD 30 » USD 36 2022-02-18
Target Raised by HC Wainwright USD 35 » USD 40 2022-02-18
Reiterated by HC Wainwright Buy USD 34 2021-11-18
Initiated by HC Wainwright Buy USD 35 2021-09-13
Initiated by SEB Equity Research Buy 2021-06-02
Maintains Jefferies Financial LLC Buy USD 22 » USD 25 2021-05-20
Reiterated by Deutsche Bank Capital Buy USD 18 » USD 40 2021-05-18
Target Raised by Deutsche Bank Positive » Buy USD 15 » USD 18 2021-03-11
Upgraded by DNB Markets Hold » Buy USD 8.6 2020-07-29
Downgraded by DNB Markets Buy » Hold USD 10.4 2020-03-09
Downgrades DNB Hold 2020-03-09
Upgraded by Fearnleys Hold » Buy 2020-02-20
Downgrades Fearnleys Hold 2020-01-27
Downgrades Pareto Securities Buy » Hold 2019-11-13
Downgrades Morgan Stanley Overweight » Equal-Weight 2019-02-15
Set Price Target Deutsche Bank Capital Buy USD 17 2018-11-08
Set Price Target Deutsche Bank Capital Buy USD 17 2018-09-28
Set Price Target JP Morgan & Company Buy USD 20 2018-09-11
Maintains Stifel Nicolaus Research Buy USD 15 » USD 16 2018-08-30
Reiterates Seaport Global Buy USD 20 2018-08-12

 

 

What we like:

High market capitalization:

SBLK stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns:

SBLK stock has performed well, on a risk adjusted basis, compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile.

High dividend returns:

SBLK stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis, for investors seeking high income yields.

Superior return on equity:

Star Bulk stock management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization:

Star Bulk stock management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets:

Star Bulk stock management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Low debt:

The company is less leveraged than its peers, and is among the top quartile, which makes it more flexible. However, do check the stock forecast and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Positive cash flow:

Star Bulk Carriers stock had positive total cash flow in the most recent four quarters.

Positive free cash flow:

Star Bulk Carriers stock had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth:

SBLK stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Revenue Growth:

SBLK stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

 

What we don’t like:

High volatility:

The total returns for Star Bulk Carriers stock are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to earnings:

SBLK stock price is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value:

SBLK stock price is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis:

SBLK stock price is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced on free cash flow basis:

SBLK stock price is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

 

 

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