Stifel Nicolaus Reaffirms Their Hold Rating on Diana Shipping (DSX)

In a report released today, Benjamin Nolan from Stifel Nicolaus maintained a Hold rating on Diana Shipping (DSXResearch Report), with a price target of $2.30. The company’s shares closed last Monday at $1.38, close to its 52-week low of $1.25.

According to TipRanks.com, Nolan is a 4-star analyst with an average return of 4.1% and a 55.4% success rate. Nolan covers the Industrial Goods sector, focusing on stocks such as New Fortress Energy, Golar LNG Partners, and Hoegh LNG Partners.

Diana Shipping has an analyst consensus of Moderate Buy, with a price target consensus of $2.23.

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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 258.1K.

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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.