.jpg "Diana Shipping (NYSE: DSX)")
Diana Shipping (DSX) received a Buy rating and a $3.00 price target from Cleaves Securities analyst Joakim Hannisdahl yesterday. The company’s shares closed last Monday at $2.13, close to its 52-week low of $2.11.
According to TipRanks.com, Hannisdahl is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -8.7% and a 29.2% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Nordic American Tanker, Eagle Bulk Shipping, and Star Bulk Carriers.
Currently, the analyst consensus on Diana Shipping is a Moderate Buy with an average price target of $3.00.
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Based on Diana Shipping’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $13.98 million. In comparison, last year the company had a net profit of $2.91 million.
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Diana Shipping, Inc. operates as a holding company, which engages in the provision of shipping transportation services through the ownership and operation of dry bulk vessels. Its vessels are being employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain, and other materials along worldwide shipping routes. The company was founded on March 8, 1999 and is headquartered in Athens, Greece.
