Diana Containerships Price Target Cut to $4.00 (DCIX)
Equities researchers at Jefferies Group dropped their price objective on shares of Diana Containerships (NASDAQ:DCIX) from $5.00 to $4.00 in a research report issued on Wednesday, StockRatingsNetwork.com reports. Jefferies Group’s target price would indicate a potential upside of 23.08% from the stock’s previous close.
Diana Containerships (NASDAQ:DCIX) traded down 3.08% on Wednesday, hitting $3.15. 428,620 shares of the company’s stock traded hands. Diana Containerships has a 52-week low of $3.08 and a 52-week high of $6.02. The stock has a 50-day moving average of $3.7 and a 200-day moving average of $3.94. The company’s market cap is $110.4 million.
Diana Containerships (NASDAQ:DCIX) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.01 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.01. The company had revenue of $13.50 million for the quarter, compared to the consensus estimate of $13.22 million. During the same quarter last year, the company posted ($0.99) earnings per share. Diana Containerships’s revenue was down 10.6% compared to the same quarter last year. Analysts expect that Diana Containerships will post $0.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 6.15%.
Separately, analysts at TheStreet downgraded shares of Diana Containerships from a “hold” rating to a “sell” rating in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.88.
Diana Containerships Inc owns and operates containerships. As at February 23, 2012, its fleet consisted of eight containerships, including three containerships delivered to the Company, in February 2012, with a combined carrying capacity of 32,693 twenty-foot equivalent units and a weighted average age of 14.
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