NYSE:MATX

Matson (MATX) Stock Price, News & Analysis

$116.17
+0.70 (+0.61%)
(As of 05/17/2024 ET)
Today's Range
$115.27
$116.68
50-Day Range
$102.49
$116.14
52-Week Range
$67.97
$122.99
Volume
182,788 shs
Average Volume
259,632 shs
Market Capitalization
$4.06 billion
P/E Ratio
13.70
Dividend Yield
1.10%
Price Target
$112.33

Matson MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
3.3% Downside
$112.33 Price Target
Short Interest
Healthy
2.15% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.94
Upright™ Environmental Score
News Sentiment
1.08mentions of Matson in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$746,256 Sold Last Quarter
Proj. Earnings Growth
-2.86%
From $8.74 to $8.49 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.26 out of 5 stars

Transportation Sector

30th out of 117 stocks

Water Transportation Industry

5th out of 15 stocks

MATX stock logo

About Matson Stock (NYSE:MATX)

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. It primarily transports dry containers of mixed commodities, refrigerated commodities, food products, beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, e-commerce, and other retail merchandise. This segment also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides stevedoring, refrigerated cargo services, inland transportation, container equipment maintenance, and other terminal services to ocean carriers on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. In addition, it offers vessel management and container transshipment services. The Logistics segment provides multimodal transportation brokerage services, including domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload, and expedited freight services; less-than-container load consolidation and freight forwarding services; warehousing and distribution services; supply chain management services, and non-vessel operating common carrier freight forwarding services. It serves the U.S. military, freight forwarders, retailers, consumer goods, automobile manufacturers, and other customers. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.

MATX Stock Price History

MATX Stock News Headlines

Matson (NYSE:MATX) Lifted to Buy at StockNews.com
Matson (NYSE:MATX) Rating Lowered to Hold at StockNews.com
Stifel Nicolaus Reaffirms Their Hold Rating on Matson (MATX)
Q1 2024 Matson Inc Earnings Call
MATSON, INC. ANNOUNCES FIRST QUARTER 2024 RESULTS
See More Headlines
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Company Calendar

Ex-Dividend for 3/7 Dividend
2/07/2024
Dividend Payable
3/07/2024
Last Earnings
4/30/2024
Ex-Dividend for 6/6 Dividend
5/08/2024
Today
5/17/2024
Dividend Payable
6/06/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Marine
CUSIP
57686G10
CIK
3453
Employees
4,315
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$112.33
High Stock Price Target
$116.00
Low Stock Price Target
$110.00
Potential Upside/Downside
-3.3%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$297.10 million
Pretax Margin
12.02%

Debt

Sales & Book Value

Annual Sales
$3.09 billion
Cash Flow
$16.79 per share
Book Value
$67.95 per share

Miscellaneous

Free Float
33,375,000
Market Cap
$4.06 billion
Optionable
Optionable
Beta
1.12
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MATX Stock Analysis - Frequently Asked Questions

Should I buy or sell Matson stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Matson in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MATX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MATX, but not buy additional shares or sell existing shares.
View MATX analyst ratings
or view top-rated stocks.

What is Matson's stock price target for 2024?

3 equities research analysts have issued 12 month price targets for Matson's shares. Their MATX share price targets range from $110.00 to $116.00. On average, they expect the company's stock price to reach $112.33 in the next year. This suggests that the stock has a possible downside of 3.3%.
View analysts price targets for MATX
or view top-rated stocks among Wall Street analysts.

How have MATX shares performed in 2024?

Matson's stock was trading at $109.60 at the beginning of the year. Since then, MATX stock has increased by 6.0% and is now trading at $116.17.
View the best growth stocks for 2024 here
.

Are investors shorting Matson?

Matson saw a decline in short interest in April. As of April 30th, there was short interest totaling 717,300 shares, a decline of 23.4% from the April 15th total of 936,100 shares. Based on an average trading volume of 262,700 shares, the short-interest ratio is presently 2.7 days. Currently, 2.2% of the shares of the company are short sold.
View Matson's Short Interest
.

When is Matson's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our MATX earnings forecast
.

How were Matson's earnings last quarter?

Matson, Inc. (NYSE:MATX) issued its quarterly earnings data on Tuesday, April, 30th. The shipping company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.05. The shipping company had revenue of $722.10 million for the quarter, compared to analysts' expectations of $730.44 million. Matson had a trailing twelve-month return on equity of 12.66% and a net margin of 9.61%. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 earnings per share.

How often does Matson pay dividends? What is the dividend yield for Matson?

Matson declared a quarterly dividend on Thursday, April 25th. Investors of record on Thursday, May 9th will be given a dividend of $0.32 per share on Thursday, June 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Wednesday, May 8th.
Read our dividend analysis for MATX
.

Is Matson a good dividend stock?

Matson (NYSE:MATX) pays an annual dividend of $1.28 per share and currently has a dividend yield of 1.11%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 15.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MATX will have a dividend payout ratio of 15.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MATX.

What is Matt Cox's approval rating as Matson's CEO?

26 employees have rated Matson Chief Executive Officer Matt Cox on Glassdoor.com. Matt Cox has an approval rating of 89% among the company's employees.

What other stocks do shareholders of Matson own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Matson investors own include Nordic American Tankers (NAT), Verizon Communications (VZ), Energy Transfer (ET), Gilead Sciences (GILD), Precigen (PGEN), Cisco Systems (CSCO), Corning (GLW), Pfizer (PFE), Exxon Mobil (XOM) and AbbVie (ABBV).

Who are Matson's major shareholders?

Matson's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.66%), LSV Asset Management (0.83%), Principal Financial Group Inc. (0.57%), Jupiter Asset Management Ltd. (0.55%), Seven Post Investment Office LP (0.28%) and ProShare Advisors LLC (0.22%). Insiders that own company stock include Branton B Dreyfus, Christopher A Scott, Grace M Cerocke, Jason Lee Taylor, Jenai S Wall, Jenai S Wall, John P Lauer, John Warren Sullivan, Kevin L Stuck, Kuuhaku T Park, Laura L Rascon, Leonard P Isotoff, Mark H Fukunaga, Matthew J Cox, Matthew J Cox, Peter T Heilmann, Richard S Kinney, Ronald J Forest, Ronald J Forest, Rusty K Rolfe, Thomas B Fargo and Vic S Angoco Jr.
View institutional ownership trends
.

How do I buy shares of Matson?

Shares of MATX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MATX) was last updated on 5/17/2024 by MarketBeat.com Staff

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