Jefferies Reiterates a 'Buy' on Diana Containerships (DCIX); Cutting Numbers on Equity Offering
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Price: $5.74 --0%
Rating Summary:
6 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Rating Summary:
6 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Trade DCIX Now!
Jefferies reiterates a 'Buy' on Diana Containerships (NASDAQ: DCIX) price target of $8.00 (from $10.00).
Analyst, Douglas J. Mavrinac, said, "Late last week, Diana Containerships announced that it had completed an equity offering of 8.1 million shares priced at $6.25 per share raising gross proceeds of $50.6 million to be used for general corporate purposes including potential acquisitions, though none have been identified at this point."
FY12 EPS estimate cut from $0.64 to $0.56 and FY13 from $0.50 to $0.37.
For an analyst ratings summary and ratings history on Diana Containerships click here. For more ratings news on Diana Containerships click here.
Shares of Diana Containerships closed at $6.15 yesterday, with a 52 week range of $4.57-$7.88.
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Analyst, Douglas J. Mavrinac, said, "Late last week, Diana Containerships announced that it had completed an equity offering of 8.1 million shares priced at $6.25 per share raising gross proceeds of $50.6 million to be used for general corporate purposes including potential acquisitions, though none have been identified at this point."
FY12 EPS estimate cut from $0.64 to $0.56 and FY13 from $0.50 to $0.37.
For an analyst ratings summary and ratings history on Diana Containerships click here. For more ratings news on Diana Containerships click here.
Shares of Diana Containerships closed at $6.15 yesterday, with a 52 week range of $4.57-$7.88.
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