Diana Shipping (NYSE:DSX) : 9 analysts are covering Diana Shipping (NYSE:DSX) and their average rating on the stock is 3.44, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Diana Shipping (NYSE:DSX) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $3 and the lowest price target forecast is $2. The average forecast of all the analysts is $2.4 and the expected standard deviation is $0.65.
Company shares have received an average consensus rating of Hold for the current week
Diana Shipping (NYSE:DSX): stock turned positive on Tuesday. Though the stock opened at $2.19, the bulls momentum made the stock top out at $2.435 level for the day. The stock recorded a low of $2.12 and closed the trading day at $2.35, in the green by 10.85%. The total traded volume for the day was 739,887. The stock had closed at $2.12 in the previous days trading.
Diana Shipping Inc. is a holding company. The Company is a provider of shipping transportation services. It specializes in the ownership of dry bulk vessels. Its fleet consists of approximately 40 dry bulk vessels, including two Newcastlemax, 12 Capesize, three Post-Panamax, three Kamsarmax and 20 Panamax. It specializes in transporting dry bulk cargoes, including commodities, such as iron ore, coal, grain and other materials along shipping routes around the world. The Company wholly owns, directly or indirectly, the subsidiaries, which own the vessels that comprise its fleet. It holds an interest in Diana Containerships Inc., a provider of shipping transportation services through its ownership of containerships, which owns and operates eleven container vessels, including four Post-Panamax and seven Panamax. Its vessels include Danae, Dione, Erato, Leto, Myrto, Boston, Los Angeles and Alcmeme, among others.