Scorpio Bulkers Inc. (SALT) Downgraded by Zacks Investment Research

Xavier Trudeau
Июня 25, 2017

Scorpio Bulkers had 18 analyst reports since July 29, 2015 according to SRatingsIntel.

Safe Bulkers, Inc had its "hold" rating reiterated by analysts at Jefferies. Valueworks LLC owned approximately 0.20% of Scorpio Bulkers worth $1,311,000 at the end of the most recent reporting period. The stock has "Neutral" rating by UBS on Thursday, March 17. The company is scheduled to report its next quarterly earnings report on Wednesday, July 26th.

01/26/2016 - Scorpio Bulkers Inc. was upgraded to "overweight" by analysts at JP Morgan. The business had revenue of $34.73 million for the quarter, compared to the consensus estimate of $33.92 million. Zacks' sales averages are an average based on a survey of research firms that cover Scorpio Bulkers. Deutsche Bank downgraded Scorpio Bulkers Inc (NYSE:SALT) on Wednesday, November 18 to "Hold" rating. The shipping company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.20) by $0.03. Safe Bulkers had a negative net margin of 35.00% and a negative return on equity of 4.35%. The company has market cap of $220.36 million. The rating was maintained by UBS with "Buy" on Tuesday, December 1. The business's revenue was up 239.2% compared to the same quarter past year. Zacks Investment Research upgraded shares of Scorpio Bulkers from a "hold" rating to a "buy" rating and set a $11.00 price objective for the company in a research report on Wednesday, April 12th. They issued an "equal weight" rating and a $10.50 target price for the company. On Monday, March 13 the stock rating was upgraded by Credit Suisse to "Outperform". One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Deutsche Bank has "Buy" rating and $90 target. Scorpio Bulkers Inc. has a 1-year low of $2.63 and a 1-year high of $10.14. Dynamic Technology Lab Private Ltd now owns 52,309 shares of the shipping company's stock valued at $481,000 after buying an additional 38,952 shares in the last quarter. The stock's 50 day moving average price is $6.35 and its 200 day moving average price is $7.00. The firm's market capitalization is $502.15 million. Evermore Global Advisors LLC now owns 4,813,709 shares of the shipping company's stock worth $44,286,000 after buying an additional 461,783 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of Scorpio Bulkers by 291.6% in the first quarter. The stock decreased 0.41% or $0.37 during the last trading session, reaching $89.03. Finally, Trexquant Investment LP purchased a new stake in shares of Scorpio Bulkers during the first quarter worth approximately $522,000. GSA Capital Partners LLP bought a new stake in Safe Bulkers during the fourth quarter valued at approximately $2,229,000. Hedge funds and other institutional investors own 47.88% of the company's stock.

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The share price of the company (NYSE:SALT) was up +6.06%, with a high of 7.10 during the day and the volume of Scorpio Bulkers Inc. shares traded was 1242513.

Scorpio Bulkers Inc.is a shipping company. The Firm owns and operates newbuilding drybulk carriers with fuel-efficient specifications and carrying capacities of greater than 30,000 deadweight tons. The Firm operates through two divisions: Kamsarmax and Ultramax. Its Kamsarmax segment includes vessels ranging from approximately 77,500 DWT to 98,700 DWT.

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