The stock of Scorpio Bulkers Inc (NYSE:SALT) is a huge mover today! About 103,106 shares traded hands. Scorpio Bulkers Inc (NYSE:SALT) has risen 7.69% since April 5, 2016 and is uptrending. It has outperformed by 5.74% the S&P500.
The move comes after 7 months positive chart setup for the $260.37 million company. It was reported on Nov, 7 by Barchart.com. We have $9.36 PT which if reached, will make NYSE:SALT worth $403.57M more.
Scorpio Bulkers Inc (NYSE:SALT) Ratings Coverage
Out of 7 analysts covering Scorpio Bulkers (NYSE:SALT), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. Scorpio Bulkers has been the topic of 15 analyst reports since July 29, 2015 according to StockzIntelligence Inc. JP Morgan initiated Scorpio Bulkers Inc (NYSE:SALT) on Thursday, October 15 with “Neutral” rating. The firm has “Buy” rating given on Tuesday, December 1 by UBS. The rating was upgraded by JP Morgan on Tuesday, January 26 to “Overweight”. The company was downgraded on Wednesday, November 18 by Deutsche Bank. Stifel Nicolaus downgraded the stock to “Hold” rating in Thursday, January 7 report. The rating was upgraded by Deutsche Bank on Wednesday, July 29 to “Buy”. The stock has “Buy” rating given by Seaport Global on Tuesday, August 2. The firm earned “Buy” rating on Friday, March 18 by Jefferies. The stock of Scorpio Bulkers Inc (NYSE:SALT) has “Hold” rating given on Monday, March 21 by Deutsche Bank. The stock of Scorpio Bulkers Inc (NYSE:SALT) has “Hold” rating given on Monday, March 21 by Evercore.
According to Zacks Investment Research, “Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. The company’s vessels consist of Ultramax, Kamsarmax and Capesize. It operates shipyards in Japan, China and Romania. Scorpio Bulkers Inc. is based in MONACO.”
More news for Scorpio Bulkers Inc (NYSE:SALT) were recently published by: Reuters.com, which released: “BRIEF-Scorpio bulkers Inc. announces vessel price reductions” on October 03, 2016. Marketwired.com‘s article titled: “Scorpio Bulkers Inc. Announces the Cancellation of a Shipbuilding Contract” and published on April 03, 2016 is yet another important article.
SALT Company Profile
Scorpio Bulkers Inc., incorporated on March 20, 2013, is a shipping company. The Firm offers marine transportation services for a range of bulk commodities, including ores, coal, grains and fertilizers using its vessels. The Firm focuses to acquire and operate the drybulk carriers. The Firm operates through three divisions: Capesize, Kamsarmax and Ultramax. The Company’s Capesize segment includes vessels of approximately 180,000 deadweight tonnage (DWT). The Company’s Kamsarmax segment includes vessels ranging from 77,500 DWT to 98,700 DWT. The Company’s Ultramax segment includes vessels ranging from 48,500 DWT to 64,000 DWT.
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