SBLK In Strong Position

Analysts at Cantor Fitzgerald maintain their "buy" rating on Star Bulk Carriers Corp (NASDAQ: SBLK). The target price for SBLK is set to $4.

According to the Cantor Fitzgerald, SBLK’s stock should be trading at a higher multiple, as the company has a high “time-charter coverage that provides revenue stability and the company's healthy balance sheet and strong free cash flow generation.” Also, the counterparty issue, which was the major concern for SBLK “has been alleviated, in our opinion, by the recent re charter agreements and renegotiations.”

More Analyst Ratings here