Diana Shipping (DSX) Receives a Hold from Cleaves Securities

In a report released yesterday, Joakim Hannisdahl from Cleaves Securities maintained a Hold rating on Diana Shipping (DSXResearch Report), with a price target of $4.00. The company’s shares closed last Monday at $3.29.

According to TipRanks.com, Hannisdahl is a 4-star analyst with an average return of 10.1% and a 58.8% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Nordic American Tanker, Eagle Bulk Shipping, and Star Bulk Carriers.

Currently, the analyst consensus on Diana Shipping is a Hold with an average price target of $4.00.

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Based on Diana Shipping’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.77 million. In comparison, last year the company had a net profit of $14.77 million.

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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.