NYSE:MATX

Matson - MATX Stock Forecast, Price & News

$66.64

+1.55 (+2.38%)

(As of 10/4/2022 12:00 AM ET)

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Today's Range: $66.00
▼
$67.51
50-Day Range: $61.50
▼
$91.67
52-Week Range: $60.35
▼
$125.34

Volume: 517,606 shs
Average Volume: 449,644 shs
Market Capitalization: $2.60 billion

P/E Ratio: 1.98
Dividend Yield: 1.91%
Price Target: $86.50

Matson MarketRank™ Forecast

Analyst Rating: Hold
1.50 Rating Score
Upside/Downside: 29.8% Upside
$86.50 Price Target
Short Interest: Healthy
4.43% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.23
Based on 6 Articles This Week
Insider Trading: Selling Shares
$2.42 M Sold Last Quarter
Proj. Earnings Growth: -69.66%
From $30.75 to $9.33 Per Share

Overall MarketRank^™

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

2.67 out of 5 stars

Transportation Sector

23rd out of 122 stocks

Water Transportation Industry

3rd out of 17 stocks

2.8

Analyst's Opinion

Consensus Rating
Matson has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $86.50, Matson has a forecasted upside of 29.8% from its current price of $66.64.
Amount of Analyst Coverage
Matson has only been the subject of 2 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
4.43% of the float of Matson has been sold short.
Short Interest Ratio / Days to Cover
Matson has a short interest ratio ("days to cover") of 4.8.
Change versus previous month
Short interest in Matson has recently decreased by 5.06%, indicating that investor sentiment is improving significantly.

4.2

Dividend Strength

Dividend Yield
Matson pays a meaningful dividend of 1.91%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Matson has been increasing its dividend for 10 years.
Dividend Coverage
The dividend payout ratio of Matson is 3.69%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Matson will have a dividend payout ratio of 13.29% next year. This indicates that Matson will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MATX.

1.8

News and Social Media Coverage

News Sentiment
Matson has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Matson this week, compared to 4 articles on an average week.
MarketBeat Follows
Only 3 people have added Matson to their MarketBeat watchlist in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Matson insiders have sold 2,476.50% more of their company's stock than they have bought. Specifically, they have bought $93,750.00 in company stock and sold $2,415,473.00 in company stock.
Percentage Held by Insiders
Only 1.90% of the stock of Matson is held by insiders.
Percentage Held by Institutions
83.98% of the stock of Matson is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Matson are expected to decrease by -69.66% in the coming year, from $30.75 to $9.33 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Matson is 1.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of Matson is 1.98, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 18.70.
Price to Book Value per Share Ratio
Matson has a P/B Ratio of 1.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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MATX Stock News Headlines

October 3, 2022 | reuters.com

Rival of container shipper Matson can proceed with antitrust lawsuit - Reuters

October 1, 2022 | americanbankingnews.com

Matson, Inc. (NYSE:MATX) SVP Richard S. Kinney Sells 375 Shares of Stock

October 5, 2022 | Vantage Point (Ad)

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October 1, 2022 | americanbankingnews.com

Matson (NYSE:MATX) Sets New 1-Year Low at $61.78

September 27, 2022 | seekingalpha.com

Matson: Best Portfolio Wealth-Builder Supply-Chain Component (NYSE:MATX) - Seeking Alpha

September 23, 2022 | fortune.com

‘This is something that has never happened before:’ Student loan borrowers should prepare for site crashes and long waits when forgiveness application goes live - Fortune

September 21, 2022 | nasdaq.com

Is Weakness In Matson, Inc. (NYSE:MATX) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects? - Nasdaq

September 14, 2022 | benzinga.com

Ford Motor (NYSE:F), Matson (NYSE:MATX) – 'I Think That Company Ultimately Is Going To Come Under Pressur - Benzinga

October 5, 2022 | Vantage Point (Ad)

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September 8, 2022 | fool.com

Matson (NYSE: MATX)

September 8, 2022 | finance.yahoo.com

Matson (NYSE:MATX) Is Achieving High Returns On Its Capital

September 8, 2022 | nasdaq.com

Land This Deal Even Lower Than Director Wall Did - Nasdaq

September 3, 2022 | finance.yahoo.com

Here is What to Know Beyond Why Matson, Inc. (MATX) is a Trending Stock - Yahoo Finance

September 1, 2022 | nasdaq.com

Here is What to Know Beyond Why Matson, Inc. (MATX) is a Trending Stock - Nasdaq

September 1, 2022 | finance.yahoo.com

Here is What to Know Beyond Why Matson, Inc. (MATX) is a Trending Stock

August 29, 2022 | nasdaq.com

Does Matson (NYSE:MATX) Deserve A Spot On Your Watchlist? - Nasdaq

August 25, 2022 | finance.yahoo.com

Does Matson (NYSE:MATX) Have A Healthy Balance Sheet?

August 23, 2022 | finance.yahoo.com

MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM

August 22, 2022 | barrons.com

NeoGenomics Stock Is Downgraded. A 'Turnaround Appears Daunting.' - Barron's

August 20, 2022 | marketwatch.com

28.0% Return Seen to Date on SmarTrend Matson Inc Call (MATX)

August 18, 2022 | finance.yahoo.com

August 16, 2022 | streetinsider.com

UPDATE: Wolfe Research Starts Matson, Inc. (MATX) at Underperform - StreetInsider.com

August 16, 2022 | seekingalpha.com

Matson rated Sell at Wolfe Research amid post-pandemic traffic slowdown (NYSE:MATX) - Seeking Alpha

August 12, 2022 | investors.com

Matson Shows Improved Relative Strength; Still Shy Of Benchmark - Investor's Business Daily

August 11, 2022 | finance.yahoo.com

Investors in Matson (NYSE:MATX) have made a stellar return of 211% over the past five years

August 8, 2022 | bizjournals.com

Matson reports more than $380M in net income in second quarter - Pacific Business News - The Business Journals

August 5, 2022 | finance.yahoo.com

Is Most-Watched Stock Matson, Inc. (MATX) Worth Betting on Now?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MATX Company Calendar

Last Earnings: 8/01/2022
Ex-Dividend for 9/1 Dividend: 8/03/2022
Dividend Payable: 9/01/2022
Today: 10/05/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Water transportation
Sub-Industry: Marine
Sector: Transportation
Current Symbol: NYSE:MATX
CUSIP: 57686G10
CIK: 3453
Web: www.matson.com
Phone: (808) 848-1211
Fax: 510-628-7380
Employees: 4,259
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $86.50
High Stock Price Forecast: $93.00
Low Stock Price Forecast: $80.00
Forecasted Upside/Downside: +29.8%
Consensus Rating: Hold
Rating Score (0-4): 1.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $33.64
Trailing P/E Ratio: 1.98
Forward P/E Ratio: 2.17
P/E Growth: N/A
Net Income: $927.40 million
Net Margins: 29.33%
Pretax Margin: 37.09%
Return on Equity: 79.22%
Return on Assets: 37.14%

Debt

Debt-to-Equity Ratio: 0.24
Current Ratio: 1.76
Quick Ratio: 1.76

Sales & Book Value

Annual Sales: $3.93 billion
Price / Sales: 0.66
Cash Flow: $30.02 per share
Price / Cash Flow: 2.22
Book Value: $39.67 per share
Price / Book: 1.68

Miscellaneous

Outstanding Shares: 38,981,000
Free Float: 38,240,000
Market Cap: $2.60 billion
Optionable: Optionable
Beta: 1.28

Key Executives

Mr. Matthew J. Cox (Age 61)
Chairman & CEO
Comp: $2.66M

Mr. Joel M. Wine (Age 50)
Exec. VP & CFO
Comp: $1.37M

Mr. Peter T. Heilmann (Age 53)
Exec. VP, Chief Admin. Officer & Gen. Counsel
Comp: $1.1M

Mr. John P. Lauer (Age 61)
Exec. VP & Chief Commercial Officer
Comp: $1.08M

Mr. P. Weis
Chief Information Officer & Sr. VP

Mr. Lee J. Fishman
Director of Investor Relations

Mr. John R. Wagner (Age 61)
Director of Corp. Communications

Mr. Jason L. Taylor (Age 48)
Sr. VP of HR

Mr. Vicente S. Angoco Jr. (Age 55)
Sr. VP of Alaska

Mr. Rusty K. Rolfe (Age 64)
Exec. VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MATX Stock - Frequently Asked Questions

Should I buy or sell Matson stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Matson in the last year. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street 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?: 2 equities research analysts have issued twelve-month target prices for Matson's stock. Their MATX share price forecasts range from $80.00 to $93.00. On average, they predict the company's stock price to reach $86.50 in the next twelve months. This suggests a possible upside of 29.8% 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 stock has decreased by 26.0% and is now trading at $66.64.
View the best growth stocks for 2022 here.
Are investors shorting Matson?: Matson saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,690,000 shares, a decline of 5.1% from the August 31st total of 1,780,000 shares. Based on an average daily volume of 352,400 shares, the days-to-cover ratio is presently 4.8 days. Approximately 4.4% of the company's stock are sold short.
View Matson's Short Interest.
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) issued its quarterly earnings data on Monday, August, 1st. The shipping company reported $9.49 EPS for the quarter, beating 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 net margin of 29.33% and a trailing twelve-month return on equity of 79.22%.
How often does Matson pay dividends? What is the dividend yield for Matson?: Matson announced a quarterly dividend on Wednesday, June 22nd. Stockholders of record on Thursday, August 4th will be given a dividend of $0.31 per share on Thursday, September 1st. This represents a $1.24 annualized dividend and a dividend yield of 1.86%. 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 1.91%. 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 13.29% 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 updated its second quarter 2022 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share 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."
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 $66.64.
How much money does Matson make?: Matson (NYSE:MATX) has a market capitalization of $2.60 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 10/5/2022 by MarketBeat.com Staff

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Matson - MATX Stock Forecast, Price & News

Matson MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month