Diana Shipping Price Target Cut to $12.00 by Analysts at Evercore Partners (DSX)
Investment analysts at Evercore Partners cut their price objective on shares of Diana Shipping (NYSE:DSX) from $13.00 to $12.00 in a note issued to investors on Wednesday. Evercore Partners’ target price indicates a potential upside of 19.88% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays upgraded shares of Diana Shipping from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, June 11th. They now have a $12.00 price target on the stock, up previously from $11.00. Analysts at MLV & Co
initiated coverage on shares of Diana Shipping in a research note on Wednesday, May 28th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.38.
Diana Shipping (NYSE:DSX) opened at 10.01 on Wednesday. Diana Shipping has a 1-year low of $9.65 and a 1-year high of $13.93. The stock has a 50-day moving average of $10.98 and a 200-day moving average of $11.76. The company’s market cap is $818.1 million.
Diana Shipping (NYSE:DSX) last announced its earnings results on Wednesday, May 14th. The company reported ($0.08) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.09) by $0.01. The company had revenue of $41.15 million for the quarter, compared to the consensus estimate of $41.50 million. During the same quarter last year, the company posted ($0.04) earnings per share. Diana Shipping’s revenue was up 3.0% compared to the same quarter last year. On average, analysts predict that Diana Shipping will post $-0.24 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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