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Enter Symbol:
 
Star Bulk Carriers Corp. (SBLK) [hlAlert]

Rating:
Underperform
SBLK
up 64.73 %

Star Bulk Carriers Corp. (SBLK) rated Underperform by BofA/Merrill

Posted on: Thursday,  May 7, 2015  10:25 AM ET by BofA/Merrill

BofA/Merrill rated Underperform Star Bulk Carriers Corp. (NASDAQ: SBLK) on 05/07/2015, when the stock price was $3.69. Since
then, Star Bulk Carriers Corp. has lost 39.30% as of 01/26/2016's recent price of $2.24.
If you would have followed this BofA/Merrill's recommendation on SBLK, you would have gained 64.73% of your investment in 264 days.

Star Bulk Carriers Corp. (Star Bulk) 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. As of December 31, 2008, the Company owns and operates a fleet of 12 vessels consisting of four Capesize and eight Supramax drybulk carriers with an average age of ten years and a combined cargo carrying capacity of approximately 1.1 million dwt. Star Bulk?s fleet carries a variety of drybulk commodities including coal, iron ore, and grains, or major bulks, as well as bauxite, phosphate, fertilizers and steel products, or minor bulks. It charters all of its vessels on medium- to long-term time charters with terms of approximately 1 to 5 years, other than the Star Alpha, which is employed under a contract of affreightment (COA).

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/7/2015 10:25 AM Sell
None
3.69
as of 8/27/2015
1 Week up  25.58 %
1 Month up  32.93 %
3 Months up  35.63 %
1 YTD up  39.29 %

(*) Stock Price at the time of the recommendation.
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