Star Bulk Carriers

SBLK · NASDAQ

$28.09+$0.01 (+0.04%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $28.08

SBLK analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 9 analysts

Average $35.72 (+27.2% upside)

Low: $33.33
Now: $28.09
High: $39.90

Upgrades and downgrades

The latest rating actions, newest first

SBLK analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Jefferies	May 29, 2026	Maintains	Buy	$29.00 → $31.00	62%
Jefferies	Apr 24, 2026	Initiates	Buy	$29.00	62%
Jefferies	Nov 19, 2025	Maintains	Buy	$22.00	72%

The case for and against

Updated Jan 26, 2026

Bull case

Star Bulk Carriers has shown a substantial increase in cash reserves, rising to $452.5 million in the most recent quarter, up from $414.9 million in the previous quarter, while maintaining a low net loan-to-value (LTV) ratio of 21%. The company's bookings for the fourth quarter indicate a significant uptick, potentially marking the highest levels experienced since the first quarter of 2024, supported by a strengthening dry bulk market. Additionally, Star Bulk's adjusted EBITDA of $114.9 million and higher-than-expected revenues of $217 million underscore its operational momentum and positive outlook for future earnings growth.

Bear case

Star Bulk Carriers Corp's third-quarter earnings reports reflect a mixed performance, with adjusted EPS of $0.28 falling short of the consensus forecast of $0.32 and adjusted EBITDA also below expectations at $86.8 million compared to the consensus estimate of $97.6 million. The softening in Kamsarmax rates, which have declined 15% from their July 2025 peak, signals a potential downturn in revenue generation as these vessels are critical to the company's fleet. Additionally, the prevailing high interest rates are negatively impacting ship values, further complicating the financial outlook for the company as these economic conditions persist.

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