Diana Shipping (DSX) Downgraded by JPMorgan Chase & Co. to “Neutral”

JPMorgan Chase & Co. downgraded shares of Diana Shipping (NYSE:DSX) from an overweight rating to a neutral rating in a research note released on Wednesday morning. JPMorgan Chase & Co. currently has $5.00 price objective on the shipping company’s stock.

A number of other research analysts also recently commented on DSX. Zacks Investment Research upgraded shares of Diana Shipping from a sell rating to a hold rating in a research note on Tuesday, September 19th. Stifel Nicolaus set a $5.00 price objective on shares of Diana Shipping and gave the company a hold rating in a research note on Sunday, October 22nd. Citigroup increased their price objective on shares of 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. Deutsche Bank reiterated a hold rating on shares of Diana Shipping in a research note on Tuesday, October 31st. Finally, ValuEngine downgraded shares of Diana Shipping from a sell rating to a strong sell rating in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. Diana Shipping currently has an average rating of Hold and a consensus target price of $4.57.

Diana Shipping (NYSE DSX) traded down $0.07 on Wednesday, reaching $4.00. 487,309 shares of the company were exchanged, compared to its average volume of 651,617. The firm has a market cap of $414.02, a price-to-earnings ratio of -2.11 and a beta of 1.64. Diana Shipping has a 1-year low of $3.45 and a 1-year high of $6.20.

Diana Shipping (NYSE:DSX) last released its quarterly earnings results on Tuesday, November 21st. The shipping company reported ($0.20) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.20). Diana Shipping had a negative net margin of 69.54% and a negative return on equity of 9.26%. sell-side analysts anticipate that Diana Shipping will post -0.91 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of DSX. Virtu KCG Holdings LLC bought a new position in shares of Diana Shipping in the 2nd quarter worth about $180,000. Edmond DE Rothschild Holding S.A. lifted its position in shares of Diana Shipping by 10.2% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock worth $198,000 after buying an additional 4,500 shares during the last quarter. State Street Corp lifted its position in shares of Diana Shipping by 15.4% in the 2nd quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock worth $324,000 after buying an additional 10,694 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Diana Shipping by 33.1% in the 2nd quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock worth $1,252,000 after buying an additional 76,650 shares during the last quarter. Finally, Royce & Associates LP lifted its position in shares of Diana Shipping by 4.8% in the 3rd quarter. Royce & Associates LP now owns 1,231,233 shares of the shipping company’s stock worth $4,469,000 after buying an additional 56,900 shares during the last quarter. Hedge funds and other institutional investors own 37.52% of the company’s stock.

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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).

Analyst Recommendations for Diana Shipping (NYSE:DSX)

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