Diana Shipping (DSX) Stock Rating Lowered by ValuEngine
Diana Shipping (NYSE:DSX) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Friday.
Other equities analysts have also issued reports about the company. Stifel Nicolaus set a $5.00 price objective on Diana Shipping and gave the company a “hold” rating in a research note on Sunday, October 22nd. Zacks Investment Research raised Diana Shipping from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Deutsche Bank reaffirmed a “hold” rating on shares of Diana Shipping in a research note on Tuesday, October 31st. Citigroup lifted their price objective on Diana Shipping from $2.50 to $5.00 and gave the company a “hold” rating in a research note on Tuesday, October 31st. They noted that the move was a valuation call. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $4.50 price objective on shares of Diana Shipping in a research note on Thursday, September 7th. 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 company. The stock presently has an average rating of “Hold” and a consensus price target of $5.00.
Diana Shipping (NYSE:DSX) traded up $0.02 during midday 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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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).
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