Market Overview

UPDATE: Clarkson Capital Markets Cuts PT to $8 on Diana Containerships on 2013 Outlook

Related DCIX
Diana Containerships Inc. Announces Agreement to Acquire Two Panamax Container Vessels
Earnings Scheduled For February 27, 2015

Clarkson Capital Markets reiterated its Outperform rating on Diana Containerships (NASDAQ: DCIX) but reduced its price target from $9 to $8.

Clarkson Capital Markets noted, "As the balance sheet is among the best in class, contract cover is solid and DCIX has a forecast current yield of 13% we believe DCIX is attractively priced. Still on a tighter 2013 outlook we are lowering our price target to $8 from $9 reflecting the risk the market appears to be associating with container shipping and the macroeconomy. Our $8PT is a discount to our DCF of $10/share and is equivalent to a 10% current yield on our 2013 dividend forecast which we believe is a reasonable yield target today especially with their strong balance sheet and expected growth."

Diana Containerships closed at $5.52 on Friday.

Latest Ratings for DCIX

Mar 2015JefferiesMaintainsBuy
Jun 2014BarclaysDowngradesEqual-weightUnderweight
May 2014JefferiesMaintainsBuy

View More Analyst Ratings for DCIX
View the Latest Analyst Ratings

Posted-In: Clarkson Capital MarketsAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (DCIX)

Around the Web, We're Loving...