Scorpio Bulkers Inc (NASDAQ:SALT) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report released on Tuesday, The Fly reports. The brokerage presently has a $11.00 price objective on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 215.19% from the company’s current price.

Several other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Scorpio Bulkers from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a report on Monday. Jefferies Group lowered their price target on shares of Scorpio Bulkers to $10.00 and set a “buy” rating for the company in a report on Tuesday, January 19th. Stifel Nicolaus downgraded shares of Scorpio Bulkers from a “buy” rating to a “hold” rating in a report on Thursday, January 7th. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of Scorpio Bulkers in a report on Friday, November 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $5.11.

Scorpio Bulkers (NASDAQ:SALT) traded down 6.18% during mid-day trading on Tuesday, reaching $3.49. The company’s stock had a trading volume of 613,150 shares. The firm’s 50 day moving average is $6.49 and its 200-day moving average is $15.06. The stock’s market cap is $95.20 million. Scorpio Bulkers has a one year low of $2.83 and a one year high of $35.40.

Scorpio Bulkers (NASDAQ:SALT) last released its quarterly earnings data on Monday, November 2nd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. The company had revenue of $15.20 million for the quarter, compared to the consensus estimate of $26.98 million. During the same period last year, the company earned ($0.14) EPS. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. Equities analysts expect that Scorpio Bulkers will post ($3.51) earnings per share for the current fiscal year.

An institutional investor recently raised its position in Scorpio Bulkers stock. Russell Frank Co boosted its position in Scorpio Bulkers Inc (NASDAQ:SALT) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 862,180 shares of the company’s stock after buying an additional 62,300 shares during the period. Russell Frank Co owned approximately 3.16% of Scorpio Bulkers worth $607,000 at the end of the most recent quarter.

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.

12 Month Chart for NASDAQ:SALT

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