Are Analysts Buzzing Over Scorpio Bulkers Inc. (NYSE:SALT) Shares?

Scorpio Bulkers Inc. (NYSE:SALT) currently has an A verage Broker Rating of 1.57. This number is based on the 7 sell-side firms polled by Zacks. The ABR rank within the industry stands at 121. Analysts on a consensus basis are expecting that the stock will reach $9.93 within the year.  The ABR is provided by Zacks which simplfies analyst ratings into an integer based number. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. 

An evaluation of a stock’s expected performance and/or its risk level as judged by a rating agency such as Standard and Poor’s. A stock rating will usually tell the investor how well a stock’s market value relates to what analysts believe is a fair value for the stock, based on an objective evaluation of the company. The greater the amount by which the fair value exceeds the market value, the more highly recommended a buy the stock is. Conversely, if the market value of the stock exceeds the fair value of the stock, then analysts recommend that the stock be sold.

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Research analysts are predicting that Scorpio Bulkers Inc. (NYSE:SALT) will report earnings of $-0.08 per share when the firm issues their next quarterly report. This is the consensus earnings per share number according to data from Zack’s Research.

Most recently Scorpio Bulkers Inc. (NYSE:SALT) posted quarterly earnings of $-0.18 which compared to the sell-side estimates of -0.15. The stock’s 12-month trailing earnings per share stands at $-1. Shares have moved $-5.48 over the past month and more recently, $-4.83 over the past week heading into the earnings announcement. There are 5 analyst projections that were taken into consideration from respected brokerage firms.

Scorpio Bulkers Inc. (NYSE:SALT) closed the last session at $6.9 and sees an average of 733514.5 shares trade hands in each session. The 52-week low of the stock stands at $3.5 while the current level stands at 53.97% of the 52-week High-Low range. Looking further out we can see that the stock has moved -5.48% over the past 12 weeks and 36.63% year to date.

5 analysts rate Scorpio Bulkers Inc. a Buy or Strong Buy, which is 71.43% of all the analyst ratings.

This article is informational purposes only and should not be considered a recommendation to buy or sell the stock.

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