Scorpio Bulkers Inc (SALT) was Reiterated by Deutsche Bank to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 4.50 from a previous price target of $3 . Deutsche Bank advised their investors in a research report released on Sep 27, 2016.
Many Wall Street Analysts have commented on Scorpio Bulkers Inc. Seaport Global Securities Resumed Scorpio Bulkers Inc on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $5.
On the company’s financial health, Scorpio Bulkers Inc reported $-0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.53. The company had revenue of $17.37 million for the quarter, compared to analysts expectations of $18.04 million. The company’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.
Scorpio Bulkers Inc closed down -0.14 points or -3.75% at $3.59 with 7,99,791 shares getting traded on Tuesday. Post opening the session at $3.82, the shares hit an intraday low of $3.47 and an intraday high of $4.05 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.