Diana Shipping inc. (DSX) Given New $5.00 Price Target at Citigroup Inc.
Diana Shipping inc. (NYSE:DSX) had its price target upped by Citigroup Inc. from $2.50 to $5.00 in a research note published on Tuesday. They currently have a hold rating on the shipping company’s stock. The analysts noted that the move was a valuation call.
A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Diana Shipping inc. from a buy rating to a hold rating in a research report on Monday, October 23rd. Stifel Nicolaus set a $5.00 price target on shares of Diana Shipping inc. and gave the stock a hold rating in a research report on Sunday, October 22nd. Pareto Securities upgraded shares of Diana Shipping inc. from a hold rating to a buy rating in a research report on Friday, September 8th. Jefferies Group LLC reiterated a hold rating and issued a $4.50 price objective on shares of Diana Shipping inc. in a research report on Thursday, September 7th. Finally, ValuEngine downgraded shares of Diana Shipping inc. from a hold rating to a sell rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $4.43.
Diana Shipping inc. (NYSE:DSX) traded down 0.50% on Tuesday, reaching $4.02. 281,982 shares of the company’s stock were exchanged. Diana Shipping inc. has a 1-year low of $2.36 and a 1-year high of $6.20. The firm’s market capitalization is $388.70 million. The stock’s 50 day moving average price is $3.98 and its 200 day moving average price is $3.97.
A number of large investors have recently modified their holdings of DSX. Morgan Stanley lifted its position in Diana Shipping inc. by 99.7% in the 1st quarter. Morgan Stanley now owns 317,079 shares of the shipping company’s stock valued at $1,464,000 after purchasing an additional 158,283 shares during the last quarter. DnB Asset Management AS bought a new stake in Diana Shipping inc. in the 2nd quarter valued at about $741,000. Hermes Investment Management Ltd. bought a new stake in Diana Shipping inc. in the 2nd quarter valued at about $1,624,000. Russell Investments Group Ltd. lifted its position in Diana Shipping inc. by 16.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,506,824 shares of the shipping company’s stock valued at $6,117,000 after purchasing an additional 218,059 shares during the last quarter. Finally, Royce & Associates LP lifted its position in Diana Shipping inc. by 34.1% in the 2nd quarter. Royce & Associates LP now owns 1,174,333 shares of the shipping company’s stock valued at $4,768,000 after purchasing an additional 298,400 shares during the last quarter. Hedge funds and other institutional investors own 37.18% of the company’s stock.
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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