Stifel Nicolaus Analysts Give Diana Shipping inc. (DSX) a $5.00 Price Target
Diana Shipping inc. (NYSE:DSX) has been given a $5.00 price objective by investment analysts at Stifel Nicolaus in a note issued to investors on Sunday. The firm presently has a “hold” rating on the shipping company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 22.85% from the stock’s current price.
Several other brokerages have also recently issued reports on DSX. BidaskClub cut Diana Shipping inc. from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research raised Diana Shipping inc. from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research report on Thursday. ValuEngine cut Diana Shipping inc. from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Jefferies Group LLC reaffirmed a “hold” rating and set a $4.50 target price on shares of Diana Shipping inc. in a research report on Thursday, September 7th. Finally, J P Morgan Chase & Co raised Diana Shipping inc. from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 4th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Diana Shipping inc. presently has an average rating of “Hold” and a consensus target price of $4.33.
Diana Shipping inc. (NYSE:DSX) traded up 2.26% during midday trading on Friday, hitting $4.07. The stock had a trading volume of 1,091,648 shares. The stock’s market capitalization is $393.53 million. Diana Shipping inc. has a 1-year low of $2.36 and a 1-year high of $6.20. The stock’s 50-day moving average is $3.97 and its 200-day moving average is $4.06.
Diana Shipping inc. (NYSE:DSX) last announced its earnings results on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.01). The company had revenue of $37.75 million for the quarter, compared to analysts’ expectations of $36.21 million. Diana Shipping inc. had a negative net margin of 122.29% and a negative return on equity of 14.80%. The firm’s quarterly revenue was up 33.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.41) EPS. On average, equities research analysts anticipate that Diana Shipping inc. will post ($0.96) EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of DSX. Morgan Stanley boosted its position in Diana Shipping inc. by 99.7% in the first quarter. Morgan Stanley now owns 317,079 shares of the shipping company’s stock worth $1,464,000 after purchasing an additional 158,283 shares during the last quarter. Ironwood Investment Management LLC boosted its position in Diana Shipping inc. by 1.4% in the first quarter. Ironwood Investment Management LLC now owns 30,192 shares of the shipping company’s stock worth $139,000 after purchasing an additional 426 shares during the last quarter. DnB Asset Management AS purchased a new position in Diana Shipping inc. in the second quarter worth $741,000. Hermes Investment Management Ltd. purchased a new position in Diana Shipping inc. in the second quarter worth $1,624,000. Finally, Russell Investments Group Ltd. boosted its position in Diana Shipping inc. by 16.9% in the second quarter. Russell Investments Group Ltd. now owns 1,506,824 shares of the shipping company’s stock worth $6,117,000 after purchasing an additional 218,059 shares during the last quarter. 37.31% of the stock is currently owned by institutional investors and hedge funds.
Diana Shipping inc. Company Profile
Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).
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