The consensus among Wall Street analysts is that investors should “buy” SBLK shares. Major bulks include iron, grains, sand and gravel, while the minor bulks include fertilizer, steel and cement. The company’s fleet has an average age of 10 years (in 2022) which is young for a large shipping fleet. It transports more than 60 million tonnes of goods annually and is systemically important to the global supply chain. The charter schedule is set up in a way that allows maximum flexibility. Some vessels are reserved for longer-term charters that guarantee steady revenue while the rest are reserved for shorter-term and opportunistic charters.
The most recent change in the company’s dividend was an increase of $0.05 on Thursday, August 3, 2023. Over the past three years, the company’s dividend has grown by an average of 406.58% per year. Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. To increase their chances of discovering value opportunities, value investors may want to look for stocks whose Graham blended multipliers are below 22.5. 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.
The CDP Score enables companies to understand their standing on climate governance, to identify areas which require attention, and to make progress towards environmental stewardship through benchmarking with peers. The Company’s response to the 2022 CDP questionnaire is available on the CDP website. Compare
SBLK’s historical performance
against its industry peers and the overall market. SBLK’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
The fleet comprises 128 vessels ranging from the Supramax to Newcastlemax class, the largest shipping vessel in service. The bulk of the vessels are Kamsarmax class (there are 41 as of December 2022), while the remainder is mostly Newcastlemax, Capesize, Ultramax and Supramax. The size and scope of the fleet allow it to operate in all shipping markets where and as needed. Currently, the analyst consensus on https://1investing.in/ is a Strong Buy with an average price target of $28.67, a 66.30% upside from current levels. In a report released on August 7, Stifel Nicolaus also maintained a Buy rating on the stock with a $30.00 price target.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. Coming into today, shares of the shipping company had gained 14.01% in the past month. In that same time, the Transportation sector gained 2.89%, while the S&P 500 gained 4.58%. Forward-Looking StatementsMatters discussed in this press release may constitute forward looking statements.
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.
Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of SBLK’s
competitive advantage. calendar spread adjustments‘ stock is owned by many different retail and institutional investors. (4.91%), BlackRock Inc. (1.04%), Renaissance Technologies LLC (0.96%), Ion Asset Management Ltd. (0.93%), Wells Fargo & Company MN (0.90%) and Gratus Capital LLC (0.68%). Star Bulk Carriers’ stock was trading at $19.23 at the beginning of 2023. Since then, SBLK stock has decreased by 9.3% and is now trading at $17.44. These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Monday was a rough day all around on Wall Street but particularly painful for owners of ocean shipping stocks, which fell much more sharply than the broader market. The dry bulk market is still booming, but big troubles loom in China.
MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
Christensen covers the Energy sector, focusing on stocks such as DHT Holdings, Frontline, and Nordic American Tanker. The Baltic Dry Index charges full speed ahead, dragging all the dry bulk stocks in its wake. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
The company’s primary business is the oceanic transportation of dry bulk cargoes globally, although it does offer other services including vessel management. The company’s goal is to be a high-quality, sustainable and efficient operator that can produce long-term growth for investors. Growth will come via expansion and acquisitions as they present themselves. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. In terms of valuation, Star Bulk Carriers is currently trading at a Forward P/E ratio of 6.41.
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In a report released on August 20, Peter Christensen from Cleaves Securities maintained a Buy rating on Star Bulk Carriers (SBLK – Research Report), with a price target of $34.00. Star Bulk has participated in the CDP for a second year in a row achieving a score of B, improving its performance versus last year (2021) where it had scored a B-. This rating continues to place the Company at Management Level (B/B-) as per the CDP scoring, which is above the industry average of C (Awareness level), as well as above the global average of C (Awareness level).
Management level indicates a maturity of “taking coordinated action on climate issues”, while Awareness level translates into “knowledge of impacts on, and of, climate issues”. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. The company aims to maintain a healthy balance sheet through the ups and downs of the shipping cycle and only carries moderate amounts of debt.
The company was founded by Petros Alexandros Pappas on December 13, 2006 and is headquartered in Athens, Greece. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.95% lower within the past month.