Analysts Set Diana Shipping inc. (NYSE:DSX) Price Target at $4.33
Diana Shipping inc. (NYSE:DSX) has been given a consensus rating of “Hold” by the nine ratings firms that are covering the firm. One research analyst has rated the stock with a sell rating and eight have issued a hold rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $4.33.
A number of equities research analysts have recently weighed in on the company. Jefferies Group reaffirmed a “hold” rating on shares of Diana Shipping inc. in a report on Tuesday, September 6th. Zacks Investment Research raised Diana Shipping inc. from a “sell” rating to a “hold” rating in a report on Thursday. Seaport Global Securities assumed coverage on Diana Shipping inc. in a report on Tuesday, August 2nd. They set a “neutral” rating and a $3.00 price target on the stock. Deutsche Bank AG reaffirmed a “hold” rating on shares of Diana Shipping inc. in a report on Wednesday, September 28th. Finally, Clarkson Capital reaffirmed a “neutral” rating on shares of Diana Shipping inc. in a report on Friday, September 23rd.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gruss & Co. Inc. bought a new position in Diana Shipping inc. during the second quarter worth approximately $122,000. Ingalls & Snyder LLC bought a new position in Diana Shipping inc. during the second quarter worth approximately $143,000. California Public Employees Retirement System raised its position in Diana Shipping inc. by 97.5% in the second quarter. California Public Employees Retirement System now owns 93,200 shares of the company’s stock worth $226,000 after buying an additional 46,000 shares in the last quarter. Macquarie Group Ltd. raised its position in Diana Shipping inc. by 27.1% in the second quarter. Macquarie Group Ltd. now owns 102,050 shares of the company’s stock worth $248,000 after buying an additional 21,750 shares in the last quarter. Finally, State Street Corp raised its position in Diana Shipping inc. by 2.2% in the second quarter. State Street Corp now owns 113,366 shares of the company’s stock worth $275,000 after buying an additional 2,490 shares in the last quarter. Institutional investors and hedge funds own 45.18% of the company’s stock.
Diana Shipping inc. (NYSE:DSX) opened at 2.78 on Tuesday. Diana Shipping inc. has a 52 week low of $1.95 and a 52 week high of $7.29. The stock’s market cap is $223.88 million. The firm’s 50 day moving average price is $2.57 and its 200-day moving average price is $2.64.
Diana Shipping inc. (NYSE:DSX) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by $0.01. The business had revenue of $28.30 million for the quarter, compared to the consensus estimate of $28.07 million. Diana Shipping inc. had a negative net margin of 75.27% and a negative return on equity of 8.54%. The business’s quarterly revenue was down 26.7% on a year-over-year basis. During the same period last year, the firm posted ($0.19) EPS. Analysts expect that Diana Shipping inc. will post ($1.65) EPS for the current year.
Diana Shipping inc. Company Profile
Diana Shipping Inc is a holding company. The Company is engaged in providing shipping transportation services. The Company is also engaged in the ocean transportation of dry bulk cargoes across the world through the ownership of dry bulk carrier vessels. Its fleet consists of over 45 dry bulk vessels, of which 22 are Panamax, four are Kamsarmax, three are Post-Panamax, 14 are Capesize and two are Newcastlemax vessels, having a combined carrying capacity of over 5.2 million dead weight tons.
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