The stock of Scorpio Bulkers Inc (NYSE:SALT) is a huge mover today! About 1.81M shares traded hands or 148.89% up from the average. Scorpio Bulkers Inc (NYSE:SALT) has risen 37.28% since April 14, 2016 and is uptrending. It has outperformed by 32.59% the S&P500.
The move comes after 9 months positive chart setup for the $429.58 million company. It was reported on Nov, 16 by Barchart.com. We have $14.95 PT which if reached, will make NYSE:SALT worth $717.40M 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. UBS maintained Scorpio Bulkers Inc (NYSE:SALT) rating on Wednesday, August 24. UBS has “Sell” rating and $2.50 price target. Evercore downgraded Scorpio Bulkers Inc (NYSE:SALT) on Monday, March 21 to “Hold” rating. JP Morgan initiated the stock with “Neutral” rating in Thursday, October 15 report. The stock of Scorpio Bulkers Inc (NYSE:SALT) has “Hold” rating given on Wednesday, November 18 by Deutsche Bank. The firm has “Hold” rating by Deutsche Bank given on Monday, March 21. Jefferies maintained the shares of SALT in a report on Friday, March 18 with “Buy” rating. UBS maintained Scorpio Bulkers Inc (NYSE:SALT) on Tuesday, December 1 with “Buy” rating. The firm has “Buy” rating by Deutsche Bank given on Wednesday, July 29. The firm has “Neutral” rating given on Thursday, March 17 by UBS. The firm has “Buy” rating by Seaport Global given on Tuesday, August 2.
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.”
Another recent and important Scorpio Bulkers Inc (NYSE:SALT) news was published by Reuters.com which published an article titled: “BRIEF-Scorpio bulkers Inc. announces vessel price reductions” on October 03, 2016.
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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