Stifel Nicolaus Reiterates a Hold Rating on Diana Shipping

By Carrie Williams

Stifel Nicolaus analyst Benjamin Nolan reiterated a Hold rating on Diana Shipping (NYSE: DSX) on May 23 and set a price target of $5.25. The company’s shares closed yesterday at $3.97.

According to TipRanks.com, Nolan is ranked 0 out of 5 stars with an average return of -16.8% and a 36.4% success rate. Nolan covers the Services sector, focusing on stocks such as Navios Maritime Acquisition, Navios Maritime Partners Lp, and Dynagas LNG Partners LP .

Currently, the analyst consensus on Diana Shipping is Hold and the average price target is $5.55, representing a 39.8% upside.

In a report issued on May 23, Evercore ISI also upgraded the stock to Hold with a $5 price target.

The company has a one year high of $6.20 and a one year low of $2.11. Currently, Diana Shipping has an average volume of 1.36M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Diana Shipping, Inc. operates as a holding company, which provides shipping transportation services through the ownership and operation of dry bulk vessels. It 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.