Diana Shipping (NYSE:DSX) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.
Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Diana Shipping from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research report on Thursday, October 19th. Citigroup raised their target price on Diana Shipping from $2.50 to $5.00 and gave the company a “hold” rating in a research report on Tuesday, October 31st. They noted that the move was a valuation call. Deutsche Bank restated a “hold” rating on shares of Diana Shipping in a research report on Tuesday, October 31st. Jefferies Group restated a “hold” rating and issued a $4.50 target price on shares of Diana Shipping in a research report on Thursday, September 7th. Finally, Stifel Nicolaus set a $5.00 target price on Diana Shipping and gave the company a “hold” rating in a research report on Sunday, October 22nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $5.00.
Shares of Diana Shipping (NYSE:DSX) traded up $0.02 during trading on Friday, hitting $4.04. The stock had a trading volume of 614,733 shares, compared to its average volume of 669,980. Diana Shipping has a fifty-two week low of $2.74 and a fifty-two week high of $6.20.
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About Diana Shipping
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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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