Brokerages Set Diamond S Shipping Inc (NYSE:DSSI) Target Price at $19.30

Shares of Diamond S Shipping Inc (NYSE:DSSI) have received an average rating of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $19.30.

A number of equities research analysts recently commented on the stock. B. Riley decreased their target price on shares of Diamond S Shipping from $25.00 to $21.00 in a research report on Wednesday, July 15th. Zacks Investment Research cut shares of Diamond S Shipping from a “buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, ValuEngine cut shares of Diamond S Shipping from a “sell” rating to a “strong sell” rating in a research report on Friday, May 1st.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Donald Smith & CO. Inc. raised its holdings in shares of Diamond S Shipping by 67.6% in the first quarter. Donald Smith & CO. Inc. now owns 2,261,259 shares of the company’s stock worth $26,705,000 after buying an additional 911,903 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Diamond S Shipping by 25.4% in the first quarter. BlackRock Inc. now owns 1,846,510 shares of the company’s stock worth $21,808,000 after buying an additional 373,693 shares during the last quarter. State Street Corp raised its holdings in shares of Diamond S Shipping by 19.2% in the first quarter. State Street Corp now owns 497,841 shares of the company’s stock worth $5,880,000 after buying an additional 80,357 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Diamond S Shipping by 76.2% during the first quarter. JPMorgan Chase & Co. now owns 447,055 shares of the company’s stock worth $5,280,000 after purchasing an additional 193,374 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Diamond S Shipping by 22.8% during the first quarter. Geode Capital Management LLC now owns 350,216 shares of the company’s stock worth $4,136,000 after purchasing an additional 65,131 shares during the last quarter. 66.15% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE DSSI traded down $0.02 during midday trading on Tuesday, reaching $8.78. 194,185 shares of the company’s stock traded hands, compared to its average volume of 281,697. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.57. The stock’s 50 day simple moving average is $8.45 and its 200-day simple moving average is $10.46. Diamond S Shipping has a one year low of $7.63 and a one year high of $17.50. The company has a market cap of $355.15 million, a price-to-earnings ratio of 5.97 and a beta of 0.26.

Diamond S Shipping (NYSE:DSSI) last posted its earnings results on Friday, May 8th. The company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.34. Diamond S Shipping had a net margin of 5.35% and a return on equity of 4.89%. The company had revenue of $209.73 million during the quarter, compared to analysts’ expectations of $182.53 million. Equities analysts predict that Diamond S Shipping will post 3.47 EPS for the current fiscal year.

About Diamond S Shipping

Diamond S Shipping Inc operates as a shipping company. The company operates through two segments, Crude Tankers and Product Tankers. It provides seaborne transportation of crude oil, refined petroleum, and other production. As of March 28, 2019, it owned and operated a fleet of 68 vessels, including 15 Suezmax vessels, 1 Aframax, and 52 medium-range product tankers.

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