Jefferies Maintains a Hold Rating on Diana Shipping (DSX)

Jefferies analyst Randy Giveans maintained a Hold rating on Diana Shipping (DSX) today and set a price target of $3.00. The company’s shares closed last Monday at $3.08.

According to, Giveans is a 4-star analyst with an average return of 10.1% and a 52.0% success rate. Giveans covers the Industrial Goods sector, focusing on stocks such as ZIM Integrated Shipping Services, Navios Maritime Partners, and Nordic American Tanker.

Diana Shipping has an analyst consensus of Moderate Buy, with a price target consensus of $3.75, implying a 21.4% upside from current levels. In a report issued on February 13, Cleaves Securities also downgraded the stock to Hold with a $3.50 price target.

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Based on Diana Shipping’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $42.34 million and GAAP net loss of $13.15 million. In comparison, last year the company earned revenue of $53.53 million and had a net profit of $1.77 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.

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