Cleaves Securities Upgrades Diana Shipping (DSX) to Hold

In a report released yesterday, Joakim Hannisdahl from Cleaves Securities upgraded Diana Shipping (DSXResearch Report) to Hold, with a price target of $3.00. The company’s shares closed last Monday at $2.75.

According to TipRanks.com, Hannisdahl is a 3-star analyst with an average return of 5.5% and a 48.4% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Nordic American Tanker, Eagle Bulk Shipping, and Star Bulk Carriers.

The word on The Street in general, suggests a Hold analyst consensus rating for Diana Shipping with a $3.00 average price target.

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The company has a one-year high of $4.15 and a one-year low of $2.41. Currently, Diana Shipping has an average volume of 302.6K.

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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.