Global Hunter Securities Initiates Coverage on DryShips (DRYS)
Equities research analysts at Global Hunter Securities initiated coverage on shares of DryShips (NASDAQ: DRYS) in a research note issued to investors on Tuesday. The firm set a “buy” rating and a $6.00 price target on the stock.
DRYS has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of DryShips in a research note to investors on Wednesday, March 28th. They now have a $3.50 price target on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of DryShips in a research note to investors on Friday, February 24th. Finally, analysts at TheStreet downgraded shares of DryShips to a “sell” rating in a research note to investors on Thursday, February 23rd.
Shares of DryShips traded down 2.85% during mid-day trading on Tuesday, hitting $2.215. DryShips has a one year low of $1.75 and a one year high of $4.73. The company’s market cap is $938.6 million.
DryShips Inc. is a holding company. The Company is engaged in the ocean transportation services of drybulk cargoes worldwide through the ownership and operation of the drybulk carrier vessels and deepwater drilling rig services through the ownership of ultra-deep water drilling rigs.