Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on DryShips

Share:
Related DRYS
Stocks Hitting 52-Week Lows
Delphi And Other Companies You May Have Forgotten Were Spinoffs

In a report published Friday, Jefferies & Company reiterated its Hold rating on DryShips (NASDAQ: DRYS), but slightly lowered its price target from $2.50 to $2.00.

Jefferies noted, “Yesterday after the market close, DryShips reported a 3Q12 EPS loss of $0.09, excluding one-time items, which was below both Street consensus of an EPS loss of $0.02 and our estimate of an EPS loss of $0.03 primarily due to higher than expected operating costs at the Company's Ocean Rig subsidiary.”

DryShips closed on Thursday at $2.08.

Latest Ratings for DRYS

DateFirmActionFromTo
Mar 2015ABN Amro BankInitiates Coverage onSell
Feb 2015Nordea EquityDowngradesBuySell
Oct 2014Imperial CapitalUpgradesUnderperformOutperform

View More Analyst Ratings for DRYS
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (DRYS)

View Comments and Join the Discussion!