Cleaves Securities Sticks to Their Buy Rating for Diana Shipping (DSX)

Cleaves Securities analyst Joakim Hannisdahl maintained a Buy rating on Diana Shipping (DSXResearch Report) on July 7 and set a price target of $2.80. The company’s shares closed last Thursday at $1.40, close to its 52-week low of $1.25.

According to TipRanks.com, Hannisdahl is a 1-star analyst with an average return of -0.8% and a 48.0% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.

Currently, the analyst consensus on Diana Shipping is a Strong Buy with an average price target of $2.53.

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The company has a one-year high of $4.15 and a one-year low of $1.25. Currently, Diana Shipping has an average volume of 360.7K.

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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.