DryShips Rating Increased to Strong-Buy at Nordea Equity Research (DRYS)
DryShips (NASDAQ:DRYS) was upgraded by analysts at Nordea Equity Research from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Analyst Ratings.Net reports.
Shares of DryShips (NASDAQ:DRYS) opened at 3.81 on Thursday. DryShips has a one year low of $1.65 and a one year high of $5.00. The stock has a 50-day moving average of $3.87 and a 200-day moving average of $3.0. The company’s market cap is $1.538 billion.
DryShips (NASDAQ:DRYS) last announced its earnings results on Monday, November 4th. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.05) by $0.02. The company had revenue of $404.94 million for the quarter, compared to the consensus estimate of $352.69 million. During the same quarter last year, the company posted ($0.09) earnings per share. DryShips’s revenue was up 17.8% compared to the same quarter last year. Analysts expect that DryShips will post $-0.28 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of DryShips in a research note to investors on Monday, December 16th. They now have a $3.75 price target on the stock. Analysts at Deutsche Bank raised their price target on shares of DryShips from $2.00 to $3.00 in a research note to investors on Wednesday, November 6th. They now have a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $3.13.
DryShips Inc (NASDAQ:DRYS) is a holding company.
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