Scorpio Bulkers (SALT) : 4 brokerage houses believe that Scorpio Bulkers (SALT) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Scorpio Bulkers (SALT). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 1.86.
Scorpio Bulkers (SALT) : The consensus price target for Scorpio Bulkers (SALT) is $7.1 for the short term with a standard deviation of $6.15. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $18, however, the pessimist price target for the company is $3.
For the current week, the company shares have a recommendation consensus of Buy. Scorpio Bulkers (NYSE:SALT): The stock was completely flat for the day, closing at $3.36 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $3.36, the stock touched an intraday high of $3.41 and a low of $3.28. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $3.36. The total trading volume on Thursday was 183,470.
Scorpio Bulkers Inc is a company engaged in marine transportation, based in the Marshall Islands. It is a provider of transportation services of dry bulk commodities. The Company aims to acquire, own and operate a fleet of medium-sized dry bulk carriers. It has offices in Monaco and New York. The Company has contracted and agreed to purchase 28 Ultramax, 21 Kamsarmax and three Capesize newbuilding dry ship vessels, with deliveries scheduled from second quarter of 2014. It is a part of the Scorpio Group.