Matson (NYSE:MATX - Get Free Report)'s stock had its "buy" rating reissued by Jefferies Financial Group in a note issued to investors on Tuesday,Benzinga reports. They currently have a $125.00 price objective on the shipping company's stock. Jefferies Financial Group's price target points to a potential upside of 13.60% from the company's current price.
A number of other research analysts have also recently commented on the company. Stephens raised their price target on Matson from $165.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Stifel Nicolaus upped their price target on shares of Matson from $150.00 to $160.00 and gave the stock a "hold" rating in a report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.33.
Check Out Our Latest Stock Report on Matson
Matson Stock Down 2.7 %
MATX stock opened at $110.04 on Tuesday. The business's fifty day moving average price is $118.45 and its two-hundred day moving average price is $135.40. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 9.15 and a beta of 1.30. Matson has a fifty-two week low of $92.90 and a fifty-two week high of $169.12. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13.
Matson (NYSE:MATX - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The shipping company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.16). Matson had a return on equity of 16.89% and a net margin of 12.37%. The business had revenue of $782.00 million during the quarter, compared to analyst estimates of $818.07 million. During the same quarter last year, the firm earned $1.04 EPS. Matson's revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities analysts anticipate that Matson will post 13.27 earnings per share for the current year.
Insider Transactions at Matson
In related news, EVP John P. Lauer sold 7,985 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.73, for a total value of $1,075,819.05. Following the sale, the executive vice president now owns 25,192 shares of the company's stock, valued at $3,394,118.16. The trade was a 24.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Richard S. Kinney sold 1,997 shares of Matson stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $137.11, for a total value of $273,808.67. Following the transaction, the senior vice president now directly owns 8,425 shares in the company, valued at $1,155,151.75. The trade was a 19.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.05% of the company's stock.
Institutional Trading of Matson
Institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Matson by 10.3% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 28,644 shares of the shipping company's stock worth $3,671,000 after purchasing an additional 2,671 shares during the period. Denali Advisors LLC bought a new position in shares of Matson in the first quarter valued at approximately $351,000. Jennison Associates LLC purchased a new position in shares of Matson during the first quarter valued at approximately $872,000. Victory Capital Management Inc. grew its holdings in Matson by 13.8% during the first quarter. Victory Capital Management Inc. now owns 53,081 shares of the shipping company's stock worth $6,803,000 after buying an additional 6,451 shares in the last quarter. Finally, Hohimer Wealth Management LLC raised its position in Matson by 5.2% in the 1st quarter. Hohimer Wealth Management LLC now owns 2,192 shares of the shipping company's stock valued at $281,000 after buying an additional 109 shares during the last quarter. Institutional investors own 84.76% of the company's stock.
About Matson
(
Get Free Report)
Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.
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