Morgan Stanley Cuts Diana Shipping (DSX) Price Target to $4.00

Diana Shipping (NYSE:DSX) had its target price dropped by analysts at Morgan Stanley from $5.50 to $4.00 in a report issued on Monday. The firm currently has an “equal weight” rating on the shipping company’s stock. Morgan Stanley’s price objective indicates a potential upside of 10.50% from the stock’s previous close.

A number of other equities research analysts have also commented on DSX. Pareto Securities lowered Diana Shipping from a “buy” rating to a “hold” rating and set a $5.00 target price on the stock. in a research report on Wednesday, January 10th. Deutsche Bank restated a “hold” rating on shares of Diana Shipping in a research report on Tuesday, October 31st. JPMorgan Chase & Co. lowered Diana Shipping from an “overweight” rating to a “neutral” rating and set a $5.00 price objective on the stock. in a research report on Wednesday, January 17th. Jefferies Group started coverage on Diana Shipping in a research report on Monday, December 18th. They issued a “hold” rating and a $4.50 price objective on the stock. Finally, Zacks Investment Research lowered Diana Shipping from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Three analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Diana Shipping has a consensus rating of “Hold” and an average target price of $4.50.

Shares of Diana Shipping (DSX) traded up $0.01 during midday trading on Monday, reaching $3.62. The company had a trading volume of 710,044 shares, compared to its average volume of 753,681. The stock has a market capitalization of $373.66, a price-to-earnings ratio of -3.16 and a beta of 1.39. Diana Shipping has a 52-week low of $3.07 and a 52-week high of $6.20.

Diana Shipping (NYSE:DSX) last issued its earnings results on Tuesday, November 21st. The shipping company reported ($0.20) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.20). The firm had revenue of $43.92 million for the quarter, compared to analyst estimates of $40.98 million. Diana Shipping had a negative return on equity of 9.26% and a negative net margin of 69.54%. equities analysts anticipate that Diana Shipping will post -0.9 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Kopernik Global Investors LLC boosted its position in Diana Shipping by 16.4% in the 4th quarter. Kopernik Global Investors LLC now owns 4,726,332 shares of the shipping company’s stock worth $19,237,000 after purchasing an additional 664,419 shares in the last quarter. Virtu Financial LLC boosted its position in Diana Shipping by 804.7% in the 4th quarter. Virtu Financial LLC now owns 120,230 shares of the shipping company’s stock worth $489,000 after purchasing an additional 106,940 shares in the last quarter. Royce & Associates LP boosted its position in Diana Shipping by 11.1% in the 4th quarter. Royce & Associates LP now owns 1,368,233 shares of the shipping company’s stock worth $5,569,000 after purchasing an additional 137,000 shares in the last quarter. Chartwell Investment Partners LLC boosted its position in Diana Shipping by 7.8% in the 4th quarter. Chartwell Investment Partners LLC now owns 510,270 shares of the shipping company’s stock worth $2,077,000 after purchasing an additional 36,764 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Diana Shipping by 36.8% in the 4th quarter. Wells Fargo & Company MN now owns 117,745 shares of the shipping company’s stock worth $480,000 after purchasing an additional 31,686 shares in the last quarter. Institutional investors and hedge funds own 37.62% of the company’s stock.

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Diana Shipping 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).

Analyst Recommendations for Diana Shipping (NYSE:DSX)

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