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

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

Other equities analysts have also issued reports about the company. Pareto Securities lowered Diana Shipping from a buy rating to a hold rating and set a $5.00 price target for the company. in a research note on Wednesday, January 10th. Stifel Nicolaus set a $5.00 price target on Diana Shipping and gave the company a hold rating in a research note on Sunday, October 22nd. Zacks Investment Research raised Diana Shipping from a sell rating to a hold rating in a research note on Tuesday, September 19th. Deutsche Bank reaffirmed a hold rating on shares of Diana Shipping in a research note on Tuesday, October 31st. Finally, ValuEngine lowered Diana Shipping from a sell rating to a strong sell rating in a research note on Friday, December 1st. Three 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 stock. The company currently has a consensus rating of Hold and a consensus price target of $4.57.

Diana Shipping (NYSE:DSX) remained flat at $$4.00 on Wednesday. 407,847 shares of the company were exchanged, compared to its average volume of 503,187. Diana Shipping has a 1-year low of $3.45 and a 1-year high of $6.20.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in DSX. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Diana Shipping by 10.2% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 48,800 shares of the shipping company’s stock worth $198,000 after acquiring an additional 4,500 shares in the last quarter. Virtu KCG Holdings LLC bought a new stake in shares of Diana Shipping during the 2nd quarter worth $180,000. Stifel Financial Corp boosted its stake in shares of Diana Shipping by 16.6% during the 2nd quarter. Stifel Financial Corp now owns 3,348,238 shares of the shipping company’s stock worth $13,569,000 after acquiring an additional 476,967 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Diana Shipping by 33.1% during the 2nd quarter. Macquarie Group Ltd. now owns 308,400 shares of the shipping company’s stock worth $1,252,000 after acquiring an additional 76,650 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Diana Shipping by 15.4% during the 2nd quarter. State Street Corp now owns 80,149 shares of the shipping company’s stock worth $324,000 after acquiring an additional 10,694 shares in the last quarter. 37.52% of the stock is owned by institutional investors and hedge funds.

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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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