DryShips Upgraded by Nordea Equity Research to “Buy” (DRYS)
DryShips (NASDAQ:DRYS) was upgraded by equities researchers at Nordea Equity Research to a “buy” rating in a research report issued on Thursday, Analyst Ratings Net reports.
DryShips (NASDAQ:DRYS) opened at 3.31 on Thursday. DryShips has a one year low of $1.46 and a one year high of $4.00. The stock has a 50-day moving average of $3.07 and a 200-day moving average of $2.19. The company’s market cap is $1.336 billion.
DryShips (NASDAQ:DRYS) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.02. The company had revenue of $336.10 million for the quarter, compared to the consensus estimate of $329.57 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Analysts expect that DryShips will post $-0.26 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of DryShips from a “sell” rating to a “hold” rating in a research note to investors on Friday, September 27th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of DryShips in a research note to investors on Friday, September 6th. They now have a $3.00 price target on the stock. Finally, analysts at UBS AG initiated coverage on shares of DryShips in a research note to investors on Thursday, August 22nd. They set an “outperform” rating on the stock. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $2.44.
DryShips Inc (NASDAQ:DRYS) is a holding company.
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