Scorpio Bulkers (SALT) Receives Price Target

Scorpio Bulkers (SALT) : Currently there are 5 street experts covering Scorpio Bulkers (SALT) stock. The most bullish and bearish price target for the stock is $18 and $3 respectively for the short term. The average price target of all the analysts comes to $7.1. The estimated standard deviation from the target is $6.15.

Scorpio Bulkers (SALT) : 4 brokerage houses believe that Scorpio Bulkers (SALT) is a Strong Buy at current levels. 2 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 6 Wall Street Analysts endorse the stock as a Buy with a rating of 1.67.


Also, Major Brokerage house, UBS maintains its ratings on Scorpio Bulkers (NYSE:SALT). In the latest research report, UBS lowers the target price from $3.5 per share to $2.5 per share. According to the latest information available, the shares are now rated Sell by the analysts at the agency. The rating by the firm was issued on August 24, 2016.

Scorpio Bulkers (NYSE:SALT): The stock opened at $3.42 on Thursday but the bulls could not build on the opening and the stock topped out at $3.47 for the day. The stock traded down to $3.28 during the day, due to lack of any buying support eventually closed down at $3.34 with a loss of -3.19% for the day. The stock had closed at $3.45 on the previous day. The total traded volume was 220,291 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.