Scorpio Bulkers (SALT) “Equal-Weight” Rating Maintained by Analysts at Morgan Stanley; With $8.5 Target; Cronos Group Inchare (CRON) SI Increased By 26.83%

April 17, 2018 - By David King

Scorpio Bulkers Inc. (NYSE:SALT) Logo

They currently have a $8.5 PT on Scorpio Bulkers (NYSE:SALT). Morgan Stanley’s target would suggest a potential upside of 19.72% from the company’s stock close price. This was disclosed in a research report on 17 April.

Cronos Group Inchare (NASDAQ:CRON) had an increase of 26.83% in short interest. CRON’s SI was 4.22 million shares in April as released by FINRA. Its up 26.83% from 3.33M shares previously. With 2.51 million avg volume, 2 days are for Cronos Group Inchare (NASDAQ:CRON)’s short sellers to cover CRON’s short positions. The stock decreased 2.99% or $0.231 during the last trading session, reaching $7.499. About 1.79M shares traded. Cronos Group Inc. (NASDAQ:CRON) has risen 261.31% since April 17, 2017 and is uptrending. It has outperformed by 249.76% the S&P500.

The stock decreased 1.39% or $0.1 during the last trading session, reaching $7.1. About 167,407 shares traded. Scorpio Bulkers Inc. (NYSE:SALT) has declined 23.66% since April 17, 2017 and is downtrending. It has underperformed by 35.21% the S&P500.

Analysts await Scorpio Bulkers Inc. (NYSE:SALT) to report earnings on April, 23 before the open. They expect $-0.02 earnings per share, up 91.30% or $0.21 from last year’s $-0.23 per share. After $-0.01 actual earnings per share reported by Scorpio Bulkers Inc. for the previous quarter, Wall Street now forecasts 100.00% negative EPS growth.

Among 10 analysts covering Scorpio Bulkers (NYSE:SALT), 7 have Buy rating, 1 Sell and 2 Hold. Therefore 70% are positive. Scorpio Bulkers has $1400 highest and $1 lowest target. $8.39’s average target is 18.17% above currents $7.1 stock price. Scorpio Bulkers had 28 analyst reports since July 29, 2015 according to SRatingsIntel. UBS maintained it with “Buy” rating and $1.50 target in Tuesday, December 1 report. The stock of Scorpio Bulkers Inc. (NYSE:SALT) earned “Buy” rating by Deutsche Bank on Tuesday, January 3. The company was maintained on Monday, October 23 by Stifel Nicolaus. The stock has “Buy” rating by Evercore on Wednesday, January 18. Deutsche Bank downgraded the shares of SALT in report on Wednesday, November 18 to “Hold” rating. The rating was maintained by Jefferies on Monday, June 26 with “Buy”. The stock of Scorpio Bulkers Inc. (NYSE:SALT) has “Equal-Weight” rating given on Monday, February 12 by Morgan Stanley. The stock of Scorpio Bulkers Inc. (NYSE:SALT) earned “Hold” rating by Stifel Nicolaus on Thursday, January 7. The firm has “Hold” rating by Stifel Nicolaus given on Monday, July 24. On Monday, March 21 the stock rating was maintained by Deutsche Bank with “Hold”.

Scorpio Bulkers Inc., a shipping company, owns and operates dry bulk carriers. The company has market cap of $547.70 million. The Company’s vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers along worldwide shipping routes. It currently has negative earnings. As of February 28, 2017, the firm owned 47 vessels comprising 19 Kamsarmax vessels and 28 Ultramax vessels.

Cronos Group Inc., formerly known as PharmaCan Capital Corp., is a principal investment firm. The company has market cap of $1.24 billion. The firm seeks to invest in companies either licensed, or actively seeking a license, to produce medical marijuana pursuant to Canada's Marihuana for Medical Purposes Regulations . It has a 937.37 P/E ratio. The firm typically invests in companies based in Canada.

Scorpio Bulkers Inc. (NYSE:SALT) Ratings Chart

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