Stifel Nicolaus Reaffirms “Hold” Rating for Diana Shipping Inc. (DSX)

Stifel Nicolaus Reaffirms “Hold” Rating for Diana Shipping Inc. (DSX)

Stifel Nicolaus reiterated their hold rating on shares of Diana Shipping Inc. (NYSE:DSX) in a research note published on Friday. Stifel Nicolaus currently has a $5.25 price objective on the shipping company’s stock.

A number of other brokerages have also recently commented on DSX. JPMorgan Chase & Co. upgraded shares of Diana Shipping from a neutral rating to an overweight rating and set a $8.00 price target on the stock in a research note on Friday, April 7th. Zacks Investment Research raised shares of Diana Shipping from a hold rating to a buy rating and set a $6.25 target price on the stock in a report on Tuesday, April 18th. Jefferies Group LLC upped their target price on shares of Diana Shipping from $3.50 to $5.00 and gave the stock a hold rating in a report on Monday, April 24th. Credit Suisse Group AG set a $3.00 target price on shares of Diana Shipping and gave the stock a hold rating in a report on Saturday, April 22nd. Finally, Nordea Equity Research raised shares of Diana Shipping from a hold rating to a buy rating in a report on Friday, January 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $4.39.

Diana Shipping (DSX) opened at 3.87 on Friday. Diana Shipping has a 52 week low of $2.11 and a 52 week high of $6.20. The company’s market capitalization is $314.45 million. The company has a 50-day moving average of $4.18 and a 200-day moving average of $3.92.

Diana Shipping (NYSE:DSX) last announced its quarterly earnings results on Tuesday, May 23rd. The shipping company reported ($0.34) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.03. The company had revenue of $31.30 million for the quarter, compared to analysts’ expectations of $28.69 million. Diana Shipping had a negative net margin of 131.28% and a negative return on equity of 14.09%. Diana Shipping’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.41) EPS. On average, equities research analysts anticipate that Diana Shipping will post ($0.93) EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Ironwood Investment Management LLC raised its stake in Diana Shipping by 1.4% in the first quarter. Ironwood Investment Management LLC now owns 30,192 shares of the shipping company’s stock worth $139,000 after buying an additional 426 shares during the period. Geode Capital Management LLC purchased a new stake in Diana Shipping during the first quarter worth $167,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Diana Shipping during the first quarter worth $205,000. Horseman Capital Management Ltd purchased a new stake in Diana Shipping during the first quarter worth $469,000. Finally, Macquarie Group Ltd. raised its stake in Diana Shipping by 41.1% in the fourth quarter. Macquarie Group Ltd. now owns 174,750 shares of the shipping company’s stock worth $528,000 after buying an additional 50,900 shares during the period. 42.91% of the stock is currently owned by institutional investors and hedge funds.

About Diana Shipping

Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DSX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment