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Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Closing prices for crude oil, gold and other commodities
Big climate bill; Spending green bucks to boost green energy
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S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
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NYSE:MATX

Matson - MATX Stock Forecast, Price & News

$86.58
+1.91 (+2.26%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$85.52
$88.15
50-Day Range
$69.34
$94.57
52-Week Range
$68.36
$125.34
Volume
243,463 shs
Average Volume
460,087 shs
Market Capitalization
$3.37 billion
P/E Ratio
2.57
Dividend Yield
1.46%
Price Target
$93.00

Matson MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
7.4% Upside
$93.00 Price Target
Short Interest
Bearish
4.09% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.07mentions of Matson in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$2.69 M Sold Last Quarter
Proj. Earnings Growth
-63.09%
From $29.88 to $11.03 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.89 out of 5 stars

Transportation Sector

88th out of 124 stocks

Water Transportation Industry

15th out of 20 stocks

MATX stock logo

About Matson (NYSE:MATX) Stock

Matson, Inc., together with its subsidiaries, provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, packaged foods and 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 container 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, the company offers vessel management and container transshipment services. Its 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. The company 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.

Analyst Ratings Changes

Several equities research analysts recently commented on MATX shares. Stifel Nicolaus downgraded shares of Matson from a "buy" rating to a "hold" rating and cut their target price for the stock from $131.00 to $93.00 in a research report on Tuesday, August 2nd. StockNews.com downgraded shares of Matson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, August 2nd.

Matson Stock Up 1.4 %

Shares of Matson stock traded up $1.15 during trading on Thursday, reaching $85.82. 170 shares of the company traded hands, compared to its average volume of 319,992. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.76 and a quick ratio of 1.76. Matson has a 1-year low of $68.36 and a 1-year high of $125.34. The company has a 50 day moving average price of $79.76 and a 200-day moving average price of $91.25. The firm has a market capitalization of $3.35 billion, a PE ratio of 2.52 and a beta of 1.20.

Matson (NYSE:MATX - Get Rating) last released its earnings results on Monday, August 1st. The shipping company reported $9.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.38 by $0.11. Matson had a net margin of 29.33% and a return on equity of 79.22%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.35 billion. As a group, equities research analysts expect that Matson will post 29.88 earnings per share for the current fiscal year.

Matson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 4th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Wednesday, August 3rd. This is a positive change from Matson's previous quarterly dividend of $0.30. Matson's payout ratio is 3.69%.

Insider Buying and Selling at Matson

In other Matson news, SVP Christopher A. Scott sold 339 shares of the business's stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $83.94, for a total transaction of $28,455.66. Following the completion of the sale, the senior vice president now owns 9,994 shares in the company, valued at approximately $838,896.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Christopher A. Scott sold 339 shares of the stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $83.94, for a total transaction of $28,455.66. Following the completion of the transaction, the senior vice president now owns 9,994 shares in the company, valued at $838,896.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Matthew J. Cox sold 5,000 shares of the company's stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $90.86, for a total transaction of $454,300.00. Following the sale, the chief executive officer now directly owns 267,802 shares in the company, valued at $24,332,489.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,985 shares of company stock worth $2,688,341. 1.90% of the stock is owned by corporate insiders.

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MATX Stock News Headlines

Matson, Inc. (NYSE:MATX) CEO Matthew J. Cox Sells 5,000 Shares
Matson (NYSE:MATX) Stock Rating Lowered by Stifel Nicolaus
Matson (NYSE:MATX) Shares Gap Down to $91.26
Matson (NYSE:MATX) Downgraded by StockNews.com to Buy
Form 10-Q Matson, Inc. For: Jun 30 - StreetInsider.com
Matson: Q2 Earnings Snapshot
Form 8-K Matson, Inc. For: Aug 01 - StreetInsider.com
Matson (MATX) Set to Announce Earnings on Monday
See More Headlines
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MATX Company Calendar

Ex-Dividend for 6/2 Dividend
5/11/2022
Dividend Payable
6/02/2022
Last Earnings
8/01/2022
Ex-Dividend for 9/1 Dividend
8/03/2022
Today
8/11/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Marine
CUSIP
57686G10
CIK
3453
Employees
4,259
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$93.00
High Stock Price Forecast
$93.00
Low Stock Price Forecast
$93.00
Forecasted Upside/Downside
+7.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$927.40 million
Pretax Margin
37.09%

Debt

Sales & Book Value

Annual Sales
$3.93 billion
Cash Flow
$29.15 per share
Book Value
$54.73 per share

Miscellaneous

Free Float
38,240,000
Market Cap
$3.37 billion
Optionable
Optionable
Beta
1.20














MATX Stock - Frequently Asked Questions

Should I buy or sell Matson stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Matson in the last twelve months. There are currently 1 hold 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 forecast for 2022?

1 Wall Street research analysts have issued 12-month target prices for Matson's shares. Their MATX share price forecasts range from $93.00 to $93.00. On average, they anticipate the company's stock price to reach $93.00 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price.
View analysts price targets for MATX
or view top-rated stocks among Wall Street analysts.

How have MATX shares performed in 2022?

Matson's stock was trading at $90.03 at the beginning of 2022. Since then, MATX shares have decreased by 3.8% and is now trading at $86.58.
View the best growth stocks for 2022 here
.

When is Matson's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our MATX earnings forecast
.

How were Matson's earnings last quarter?

Matson, Inc. (NYSE:MATX) announced its earnings results on Monday, August, 1st. The shipping company reported $9.49 earnings per share for the quarter, topping analysts' consensus estimates of $9.38 by $0.11. The shipping company earned $1.26 billion during the quarter, compared to the consensus estimate of $1.35 billion. Matson had a trailing twelve-month return on equity of 79.22% and a net margin of 29.33%.

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

Matson declared a quarterly dividend on Wednesday, June 22nd. Investors of record on Thursday, August 4th will be paid a dividend of $0.31 per share on Thursday, September 1st. This represents a $1.24 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Wednesday, August 3rd. This is a boost from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for MATX
.

Is Matson a good dividend stock?

Matson (NYSE:MATX) pays an annual dividend of $1.24 per share and currently has a dividend yield of 1.46%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 3.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MATX will have a dividend payout ratio of 11.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MATX.

What guidance has Matson issued on next quarter's earnings?

Matson issued an update on its second quarter 2022 earnings guidance on Tuesday, August, 2nd. The company provided EPS guidance of $9.31-$9.42 for the period, compared to the consensus EPS estimate of $8.26. The company issued revenue guidance of -.

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).

What is Matson's stock symbol?

Matson trades on the New York Stock Exchange (NYSE) under the ticker symbol "MATX."

Who are Matson's major shareholders?

Matson's stock is owned by a number of retail and institutional investors. Top institutional investors include Primecap Management Co. CA (0.86%), Principal Financial Group Inc. (0.71%), Norwood Investment Partners LP (0.52%), Rhumbline Advisers (0.30%), Seven Post Investment Office LP (0.27%) and Russell Investments Group Ltd. (0.24%). Insiders that own company stock include Branton B Dreyfus, Christopher A Scott, Jason Lee Taylor, Jenai S Wall, Jenai S Wall, John P Lauer, Kevin L Stuck, Laura L Rascon, 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, Vic S Angoco Jr and W Blake Baird.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Matson's stock price today?

One share of MATX stock can currently be purchased for approximately $86.58.

How much money does Matson make?

Matson (NYSE:MATX) has a market capitalization of $3.37 billion and generates $3.93 billion in revenue each year. The shipping company earns $927.40 million in net income (profit) each year or $33.64 on an earnings per share basis.

How many employees does Matson have?

The company employs 4,259 workers across the globe.

How can I contact Matson?

Matson's mailing address is 1411 SAND ISLAND PARKWAY, HONOLULU HI, 96819. The official website for the company is www.matson.com. The shipping company can be reached via phone at (808) 848-1211, via email at investor-relations@matson.com, or via fax at 510-628-7380.

This page (NYSE:MATX) was last updated on 8/12/2022 by MarketBeat.com Staff

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