Diana Shipping Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:DSX)
Diana Shipping (NYSE:DSX) has received an average recommendation of “Hold” from the thirteen analysts that are currently covering the company, AR Network reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $13.38.
A number of research firms have recently commented on DSX. Analysts at Evercore Partners cut their price target on shares of Diana Shipping from $13.00 to $12.00 in a research note on Wednesday. Separately, 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. Finally, 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.
Diana Shipping (NYSE:DSX) opened at 9.98 on Wednesday. Diana Shipping has a one year low of $9.65 and a one year high of $13.93. The stock’s 50-day moving average is $10.88 and its 200-day moving average is $11.72. The company’s market cap is $815.7 million.
Diana Shipping (NYSE:DSX) last announced its earnings results on Wednesday, May 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. 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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