Equities research analysts at Global Hunter Securities initiated coverage on shares of Diana Shipping (NYSE: DSX) in a research note issued to investors on Tuesday. The firm set a “buy” rating and a $11.00 price target on the stock.
Diana Shipping opened at 7.75 on Tuesday. Diana Shipping has a 1-year low of $6.59 and a 1-year high of $11.65. The company has a market cap of $629.5 million and a price-to-earnings ratio of 6.67.
Diana Shipping last released its earnings data on Thursday, May 3rd. The company reported $0.20 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.20. Diana Shipping’s revenue was down 17.0% compared to the same quarter last year. Analysts expect that Diana Shipping will post $0.18 EPS next quarter.
Diana Shipping Inc. is a holding company. The Company is a global provider of shipping transportation services.