Deutsche Bank recorded Scorpio Bulkers (NYSE:SALT), hiking its price target to $4.50 earlier today
- Updated: September 27, 2016
Boasting a price of $3.73, Scorpio Bulkers (NYSE:SALT) traded -3.22% lower on the day. The last closing price is up 4.99% from the two hundred day average, compared with the S&P 500 which has decreased -0.01% over the same period. Scorpio Bulkers has recorded a 50-day average of $3.48 and a 200-day moving average of $3.44. 511,079 shares of the stock traded hands, up from an avg. volume of 412,662
In a report issued 9/27/2016 Deutsche Bank bumped up the target of Scorpio Bulkers (NYSE:SALT) from $3.00 to $4.50 reporting a potential upside of 0.21%.
Previously on 08/02/2016, Seaport Global released a statement on Scorpio Bulkers (NYSE:SALT) bumped up the target price from $0.00 to $5.00. At the time, this indicated a possible upside of 0.53%.
With a total market value of $0, Scorpio Bulkers has with a one year low of $1.79 and a one year high of $19.80 .
In addition to Deutsche Bank reporting its target, a total of 11 equity analysts have released a ratings update on Scorpio Bulkers. The 12-month price target is $10.53 with zero brokers rating the stock a strong buy, 0 equity analysts rating the company a buy, zero firms rating the stock a hold, zero analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
General Company Details For Scorpio Bulkers (NYSE:SALT)
Scorpio Bulkers Inc. is a shipping company. The Company offers marine transportation services for a range of bulk commodities, including ores, coal, grains and fertilizers using its vessels. The Company focuses to acquire and operate the drybulk carriers. The Company operates through three segments: Capesize, Kamsarmax and Ultramax. Its Capesize segment includes vessels of approximately 180,000 deadweight tonnage (DWT). Its Kamsarmax segment includes vessels ranging from 77,500 DWT to 98,700 DWT. Its Ultramax segment includes vessels ranging from 48,500 DWT to 64,000 DWT. The Company's Operating Fleet includes approximately 40 vessels, including over 30 owned drybulk vessels under Kamsarmax vessel type and over three chartered-in drybulk vessels under Ultramax vessel type. The Company also has contracts for the construction of approximately 20 newbuilding drybulk vessels, including Kamsarmax and Ultramax vessel types under its Newbuilding Program.
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