Star Bulk Carriers (SBLK) Stock Forecast, Price Target & Predictions
SBLK Stock Forecast
Star Bulk Carriers stock forecast is as follows: an average price target of $22.40 (represents a 51.35% upside from SBLK’s last price of $14.80) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.
SBLK Price Target
The average price target for Star Bulk Carriers (SBLK) is $22.40 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $26.00 to $20.20. This represents a potential 51.35% upside from SBLK's last price of $14.80.
SBLK Analyst Ratings
According to 13 Wall Street analysts, Star Bulk Carriers's rating consensus is 'Buy'. The analyst rating breakdown for SBLK stock is 1 'Strong Buy' (7.69%), 9 'Buy' (69.23%), 2 'Hold' (15.38%), 1 'Sell' (7.69%), and 0 'Strong Sell' (0.00%).
Star Bulk Carriers Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 21, 2024 | Jorgen Lian | Loop Capital Markets | $20.20 | $18.71 | 7.96% | 36.49% |
| Oct 23, 2024 | longer ton-miles | Stifel Nicolaus | $21.00 | $19.91 | 5.47% | 41.89% |
| Oct 11, 2024 | Joergen Lian | Loop Capital Markets | $19.30 | $21.66 | -10.90% | 30.41% |
| Sep 04, 2024 | Chris Robertson | Deutsche Bank | $26.00 | $20.63 | 26.06% | 75.68% |
| Dec 13, 2023 | Omar Nokta | Jefferies | $24.00 | $20.29 | 18.28% | 62.16% |
| Sep 22, 2023 | Omar Nokta | Jefferies | $22.00 | $18.43 | 19.37% | 48.65% |
| Feb 01, 2023 | Benjamin Nolan | Stifel Nicolaus | $32.00 | $22.51 | 42.16% | 116.22% |
The latest Star Bulk Carriers stock forecast, released on Nov 21, 2024 by Jorgen Lian from Loop Capital Markets, set a price target of $20.20, which represents a 7.96% increase from the stock price at the time of the forecast ($18.71), and a 36.49% increase from SBLK last price ($14.80).
Star Bulk Carriers Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 4 |
| Avg Price Target | $20.20 | $20.17 | $21.63 |
| Last Closing Price | $14.80 | $14.80 | $14.80 |
| Upside/Downside | 36.49% | 36.28% | 46.15% |
In the current month, the average price target of Star Bulk Carriers stock is $20.20, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 36.49% increase as opposed to Star Bulk Carriers's last price of $14.80. This month's average price target is up 0.15% compared to last quarter, and down -6.61% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 11, 2024 | DNB Markets | Hold | Sell | Downgrade |
| Sep 04, 2024 | Deutsche Bank | Buy | Initialise | |
| May 06, 2024 | DNB Markets | Hold | Downgrade | |
| Dec 13, 2023 | Citigroup | Buy | Buy | Hold |
| Nov 10, 2023 | Raymond James | Strong Buy | Strong Buy | Hold |
| Nov 10, 2023 | HSBC | Buy | Buy | Hold |
| Oct 26, 2023 | Jefferies | Buy | Buy | Hold |
| Oct 26, 2023 | Citigroup | Neutral | Neutral | Hold |
| Sep 22, 2023 | Jefferies | Buy | Buy | Hold |
| May 17, 2023 | Barclays | Overweight | Upgrade | |
| May 17, 2023 | Jefferies | Buy | Buy | Hold |
| May 17, 2023 | Credit Suisse | Outperform | Upgrade | |
| May 17, 2023 | RBC Capital | Sector Perform | Downgrade | |
| May 17, 2023 | Telsey Advisory | Outperform | Outperform | Hold |
| May 17, 2023 | Goldman Sachs | Buy | Buy | Hold |
| May 17, 2023 | HSBC | Buy | Buy | Hold |
| May 17, 2023 | Citigroup | Neutral | Neutral | Hold |
| Feb 01, 2023 | B. Riley Securities | Buy | Buy | Hold |
| Feb 01, 2023 | Jefferies | Hold | Hold | Hold |
| Sep 26, 2022 | Jefferies | Buy | Buy | Hold |
| Apr 26, 2022 | Pareto Securities | Hold | Downgrade | |
| Feb 18, 2022 | Jefferies | Buy | Buy | Hold |
Star Bulk Carriers's last stock rating was published by DNB Markets on Oct 11, 2024. The company Downgrade its SBLK rating from "Hold" to "Sell".
Star Bulk Carriers Financial Forecast
Star Bulk Carriers Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $224.03M | $294.80M | - | $417.33M | $360.88M | - | - | $311.41M | $200.47M | $186.02M | $200.22M |
| Avg Forecast | $508.99M | $493.91M | $479.28M | $465.08M | $451.30M | $437.93M | $424.95M | $412.36M | $311.38M | $260.63M | $261.07M | $238.41M | $246.58M | $284.75M | $268.22M | $204.31M | $202.99M | $163.14M | $188.45M | $168.90M | $234.18M | $286.14M | $333.81M | $288.49M | $399.88M | $348.95M | $268.88M | $171.55M | $148.44M | $142.81M |
| High Forecast | $544.91M | $528.77M | $513.10M | $497.90M | $483.15M | $468.84M | $454.95M | $441.47M | $333.35M | $279.02M | $279.50M | $254.82M | $249.32M | $297.20M | $268.22M | $204.31M | $210.84M | $196.36M | $201.75M | $180.82M | $250.70M | $286.14M | $333.81M | $288.49M | $399.88M | $348.95M | $268.88M | $171.55M | $148.44M | $142.81M |
| Low Forecast | $472.90M | $458.89M | $445.30M | $432.10M | $419.30M | $406.88M | $394.82M | $383.13M | $289.30M | $242.15M | $242.56M | $221.99M | $243.84M | $272.30M | $268.22M | $204.31M | $195.14M | $141.75M | $175.09M | $156.93M | $217.57M | $286.14M | $333.81M | $288.49M | $399.88M | $348.95M | $268.88M | $171.55M | $148.44M | $142.81M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 1 | 1 | 2 | 6 | 4 | 4 | 2 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 10 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.33% | 1.26% | - | 1.25% | 1.25% | - | - | 1.16% | 1.17% | 1.25% | 1.40% |
Star Bulk Carriers's average Quarter revenue forecast for Jun 23 based on 4 analysts is $188.45M, with a low forecast of $175.09M, and a high forecast of $201.75M. SBLK's average Quarter revenue forecast represents a -15.89% decrease compared to the company's last Quarter revenue of $224.03M (Mar 23).
Star Bulk Carriers EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 1 | 1 | 2 | 6 | 4 | 4 | 2 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 10 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $105.66M | $96.55M | - | $250.99M | $221.93M | - | - | $176.89M | $85.24M | $33.80M | $46.32M |
| Avg Forecast | $217.53M | $211.08M | $204.83M | $198.76M | $192.87M | $187.16M | $181.61M | $176.23M | $133.07M | $111.38M | $111.57M | $101.89M | $105.38M | $121.69M | $114.63M | $129.77M | $86.75M | $69.72M | $80.54M | $117.97M | $33.59M | $99.97M | $116.63M | $107.24M | $139.71M | $121.92M | $93.94M | $97.50M | $51.86M | $49.90M |
| High Forecast | $232.88M | $225.98M | $219.28M | $212.79M | $206.48M | $200.36M | $194.43M | $188.67M | $142.46M | $119.24M | $119.45M | $108.90M | $106.55M | $127.01M | $114.63M | $155.72M | $90.11M | $83.92M | $86.22M | $141.56M | $40.31M | $99.97M | $116.63M | $128.69M | $139.71M | $121.92M | $93.94M | $116.99M | $51.86M | $49.90M |
| Low Forecast | $202.10M | $196.12M | $190.31M | $184.67M | $179.20M | $173.89M | $168.73M | $163.74M | $123.64M | $103.49M | $103.66M | $94.87M | $104.21M | $116.37M | $114.63M | $103.81M | $83.39M | $60.58M | $74.83M | $94.38M | $26.87M | $99.97M | $116.63M | $85.80M | $139.71M | $121.92M | $93.94M | $78.00M | $51.86M | $49.90M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | 2.87% | - | 2.15% | 2.07% | - | - | 1.88% | 0.87% | 0.65% | 0.93% |
4 analysts predict SBLK's average Quarter EBITDA for Jun 23 to be $80.54M, with a high of $86.22M and a low of $74.83M. This is -23.78% lower than Star Bulk Carriers's previous annual EBITDA (Mar 23) of $105.66M.
Star Bulk Carriers Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 1 | 1 | 2 | 6 | 4 | 4 | 2 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 10 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $45.88M | $85.80M | - | $200.15M | $170.36M | - | - | $124.21M | $35.76M | $27.77M | $23.25M |
| Avg Forecast | $139.15M | $138.05M | $134.67M | $131.01M | $134.93M | $133.75M | $128.48M | $124.66M | $120.28M | $72.21M | $68.14M | $54.69M | $50.16M | $81.91M | $91.15M | $55.35M | $86.03M | $34.06M | $56.76M | $50.32M | $28.28M | $162.31M | $216.75M | $45.74M | $294.65M | $245.48M | $152.70M | $41.58M | $30.57M | $34.66M |
| High Forecast | $151.91M | $150.71M | $147.03M | $143.03M | $147.31M | $146.02M | $140.27M | $136.10M | $131.31M | $78.84M | $74.39M | $79.81M | $57.88M | $89.43M | $91.17M | $66.42M | $93.57M | $73.81M | $61.97M | $60.38M | $33.94M | $162.31M | $216.75M | $54.89M | $294.65M | $245.48M | $152.70M | $49.90M | $30.57M | $34.66M |
| Low Forecast | $126.32M | $125.32M | $122.26M | $118.93M | $122.50M | $121.42M | $116.64M | $113.17M | $109.19M | $65.55M | $61.86M | $29.56M | $37.30M | $74.36M | $91.12M | $44.28M | $75.46M | $12.30M | $51.53M | $40.25M | $22.63M | $162.31M | $216.75M | $36.59M | $294.65M | $245.48M | $152.70M | $33.27M | $30.57M | $34.66M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | 3.03% | - | 0.92% | 3.72% | - | - | 0.81% | 0.86% | 0.91% | 0.67% |
Star Bulk Carriers's average Quarter net income forecast for Jun 23 is $56.76M, with a range of $51.53M to $61.97M. SBLK's average Quarter net income forecast represents a 23.73% increase compared to the company's last Quarter net income of $45.88M (Mar 23).
Star Bulk Carriers SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 1 | 1 | 2 | 6 | 4 | 4 | 2 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 10 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $11.66M | $12.55M | - | $17.15M | $8.77M | - | - | $10.13M | $7.30M | $7.57M | $9.32M |
| Avg Forecast | $21.71M | $21.06M | $20.44M | $19.83M | $19.25M | $18.68M | $18.12M | $17.59M | $13.28M | $11.11M | $11.13M | $10.17M | $10.52M | $12.14M | $11.44M | $11.79M | $8.66M | $6.96M | $8.04M | $10.72M | $7.38M | $13.22M | $15.42M | $9.75M | $18.47M | $16.12M | $12.42M | $8.86M | $6.86M | $6.60M |
| High Forecast | $23.24M | $22.55M | $21.88M | $21.23M | $20.60M | $19.99M | $19.40M | $18.83M | $14.22M | $11.90M | $11.92M | $10.87M | $10.63M | $12.67M | $11.44M | $14.15M | $8.99M | $8.37M | $8.60M | $12.87M | $8.86M | $13.22M | $15.42M | $11.70M | $18.47M | $16.12M | $12.42M | $10.63M | $6.86M | $6.60M |
| Low Forecast | $20.17M | $19.57M | $18.99M | $18.43M | $17.88M | $17.35M | $16.84M | $16.34M | $12.34M | $10.33M | $10.34M | $9.47M | $10.40M | $11.61M | $11.44M | $9.43M | $8.32M | $6.05M | $7.47M | $8.58M | $5.91M | $13.22M | $15.42M | $7.80M | $18.47M | $16.12M | $12.42M | $7.09M | $6.86M | $6.60M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.70% | - | 1.11% | 0.90% | - | - | 0.82% | 0.82% | 1.10% | 1.41% |
Star Bulk Carriers's average Quarter SG&A projection for Jun 23 is $8.04M, based on 4 Wall Street analysts, with a range of $7.47M to $8.60M. The forecast indicates a -31.11% fall compared to SBLK last annual SG&A of $11.66M (Mar 23).
Star Bulk Carriers EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 1 | 1 | 2 | 6 | 4 | 4 | 2 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 10 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.45 | $0.84 | - | $1.96 | $1.67 | - | - | $1.26 | $0.36 | $0.29 | $0.24 |
| Avg Forecast | $1.19 | $1.18 | $1.15 | $1.12 | $1.15 | $1.14 | $1.10 | $1.06 | $1.03 | $0.62 | $0.58 | $0.47 | $0.43 | $0.70 | $0.78 | $0.79 | $0.73 | $0.29 | $0.48 | $0.29 | $0.87 | $1.41 | $1.88 | $1.47 | $2.56 | $2.13 | $1.32 | $0.46 | $0.27 | $0.30 |
| High Forecast | $1.30 | $1.29 | $1.26 | $1.22 | $1.26 | $1.25 | $1.20 | $1.16 | $1.12 | $0.67 | $0.64 | $0.68 | $0.49 | $0.76 | $0.78 | $0.79 | $0.80 | $0.63 | $0.53 | $0.32 | $0.95 | $1.41 | $1.88 | $1.48 | $2.56 | $2.13 | $1.32 | $0.46 | $0.27 | $0.30 |
| Low Forecast | $1.08 | $1.07 | $1.04 | $1.02 | $1.05 | $1.04 | $1.00 | $0.97 | $0.93 | $0.56 | $0.53 | $0.25 | $0.32 | $0.64 | $0.78 | $0.79 | $0.64 | $0.11 | $0.44 | $0.26 | $0.79 | $1.41 | $1.88 | $1.45 | $2.56 | $2.13 | $1.32 | $0.46 | $0.27 | $0.30 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.55% | 0.97% | - | 1.04% | 1.14% | - | - | 0.95% | 0.79% | 1.09% | 0.80% |
According to 4 Wall Street analysts, Star Bulk Carriers's projected average Quarter EPS for Jun 23 is $0.48, with a low estimate of $0.44 and a high estimate of $0.53. This represents a 7.72% increase compared to SBLK previous annual EPS of $0.45 (Mar 23).
Star Bulk Carriers Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| GOGL | Golden Ocean Group | $8.85 | $16.75 | 89.27% | Hold |
| DSX | Diana Shipping | $1.84 | $3.00 | 63.04% | Hold |
| ASC | Ardmore Shipping | $11.22 | $17.00 | 51.52% | Buy |
| SBLK | Star Bulk Carriers | $14.94 | $22.40 | 49.93% | Buy |
| GNK | Genco Shipping & Trading | $14.03 | $19.50 | 38.99% | Buy |
| GSL | Global Ship Lease | $21.31 | $29.00 | 36.09% | Buy |
| DAC | Danaos | $77.30 | $105.00 | 35.83% | Buy |
| CMRE | Costamare | $12.63 | $14.00 | 10.85% | Buy |