Shares of Diana Shipping Inc (NYSE:DSX) have earned a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $4.75.
A number of analysts have recently issued reports on DSX shares. Zacks Investment Research upgraded shares of Diana Shipping from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a research note on Tuesday, August 14th. Morgan Stanley lifted their price objective on shares of Diana Shipping from $4.00 to $4.50 and gave the company a “$4.41” rating in a research note on Monday, July 23rd. Finally, ValuEngine upgraded shares of Diana Shipping from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd.
Shares of DSX traded up $0.04 during mid-day trading on Friday, reaching $3.94. 1,610 shares of the stock traded hands, compared to its average volume of 200,402. The firm has a market capitalization of $417.10 million, a P/E ratio of -4.99 and a beta of 1.35. Diana Shipping has a 12-month low of $3.07 and a 12-month high of $5.16. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.92.
About Diana Shipping
Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including iron ore, coal, and grains, as well as steel products, cement, and fertilizers through its ownership of dry bulk vessels worldwide. As of December 31, 2017, it operated a fleet of 50 dry bulk carriers, including 22 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.
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