Diana Shipping Upgraded to Buy at Deutsche Bank (DSX)
Diana Shipping (NYSE:DSX) was upgraded by Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $13.00 target price on the stock, down from their previous target price of $15.00. Deutsche Bank’s price target would indicate a potential upside of 7.00% from the stock’s previous close.
A number of other analysts have also recently weighed in on DSX. Analysts at Maxim Group initiated coverage on shares of Diana Shipping in a research note to investors on Thursday, November 21st. They set a “buy” rating and a $14.00 price target on the stock. Analysts at Jefferies Group raised their price target on shares of Diana Shipping from $13.00 to $16.00 in a research note to investors on Tuesday, October 22nd. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Diana Shipping has an average rating of “Hold” and an average target price of $11.94.
Diana Shipping (NYSE:DSX) traded down 0.25% during mid-day trading on Monday, hitting $12.15. The stock had a trading volume of 1,478,815 shares. Diana Shipping has a 52 week low of $8.24 and a 52 week high of $13.93. The stock has a 50-day moving average of $12.28 and a 200-day moving average of $11.50. The company’s market cap is $988.8 million.
Diana Shipping (NYSE:DSX) last announced its earnings results on Tuesday, November 19th. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.06) by $0.02. The company had revenue of $41.94 million for the quarter, compared to the consensus estimate of $41.18 million. During the same quarter last year, the company posted $0.15 earnings per share. Diana Shipping’s revenue was down 25.4% compared to the same quarter last year. On average, analysts predict that Diana Shipping will post $-0.20 earnings per share for the current fiscal year.
Diana Shipping Inc is a holding company. The Company is a global provider of shipping transportation services.
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