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NYSE:MATX

Matson (MATX) Stock Forecast, Price & News

$90.14
+0.70 (+0.78%)
(As of 10:49 AM ET)
Compare
Today's Range
$89.38
$90.14
50-Day Range
$82.15
$96.69
52-Week Range
$56.51
$97.49
Volume
14,314 shs
Average Volume
273,088 shs
Market Capitalization
$3.18 billion
P/E Ratio
7.39
Dividend Yield
1.42%
Price Target
$100.00

Matson MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
11.8% Upside
$100.00 Price Target
Short Interest
Healthy
2.99% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.82
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$2.95 M Sold Last Quarter
Proj. Earnings Growth
0.58%
From $6.88 to $6.92 Per Share

Overall MarketRank

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

2.30 out of 5 stars

Transportation Sector

64th out of 116 stocks

Water Transportation Industry

13th out of 18 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, 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 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.

MATX Price History

MATX Stock News Headlines

Are Transportation Stocks Lagging Matson (MATX) This Year?
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
Are Transportation Stocks Lagging Matson (MATX) This Year?
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Reasons for the Outperformance of Matson (MATX) in Q2
Matson And Its Real Value
Q2 2023 Matson Inc Earnings Call
MATSON, INC. ANNOUNCES SECOND QUARTER 2023 RESULTS
Matson (MATX) Meets Q2 Earnings Estimates
Darin Matson steps down as CEO of Rogers Group
MATSON PUBLISHES 2022 SUSTAINABILITY REPORT
See More Headlines
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MATX Company Calendar

Last Earnings
8/01/2023
Ex-Dividend for 9/7 Dividend
8/02/2023
Dividend Payable
9/07/2023
Today
9/28/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Marine
CUSIP
57686G10
CIK
3453
Employees
4,288
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$100.00
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+11.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$1.06 billion
Pretax Margin
17.10%

Debt

Sales & Book Value

Annual Sales
$4.34 billion
Cash Flow
$36.21 per share
Book Value
$60.80 per share

Miscellaneous

Free Float
34,619,000
Market Cap
$3.16 billion
Optionable
Optionable
Beta
1.22
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Key Executives

  • Mr. Matthew J. CoxMr. Matthew J. Cox (Age 62)
    Chairman & CEO
    Comp: $2.69M
  • Mr. Joel M. Wine (Age 51)
    Exec. VP & CFO
    Comp: $1.41M
  • Mr. Peter T. HeilmannMr. Peter T. Heilmann (Age 54)
    Exec. VP, Chief Admin. Officer & Gen. Counsel
    Comp: $1.13M
  • Mr. Rusty K. RolfeMr. Rusty K. Rolfe (Age 65)
    Exec. VP & Pres of Matson Logistics
    Comp: $1.08M
  • Mr. John P. LauerMr. John P. Lauer (Age 62)
    Exec. VP & Chief Commercial Officer
    Comp: $1.12M
  • Mr. P. Weis
    Chief Information Officer & Sr. VP
  • Mr. Lee J. Fishman
    Director of Investor Relations
  • Mr. John R. Wagner (Age 62)
    Director of Corp. Communications
  • Mr. Jason L. TaylorMr. Jason L. Taylor (Age 49)
    Sr. VP of HR
  • Mr. Vicente S. Angoco Jr. (Age 56)
    Sr. VP of Alaska













MATX Stock - Frequently Asked Questions

Should I buy or sell Matson stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Matson in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street 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 2023?

3 Wall Street research analysts have issued 1 year price objectives for Matson's stock. Their MATX share price forecasts range from $90.00 to $110.00. On average, they expect the company's stock price to reach $100.00 in the next twelve months. This suggests a possible upside of 11.8% 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 2023?

Matson's stock was trading at $62.51 on January 1st, 2023. Since then, MATX stock has increased by 43.1% and is now trading at $89.45.
View the best growth stocks for 2023 here
.

When is Matson's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our MATX earnings forecast
.

How were Matson's earnings last quarter?

Matson, Inc. (NYSE:MATX) released its quarterly earnings results on Tuesday, August, 1st. The shipping company reported $2.26 earnings per share for the quarter, hitting the consensus estimate of $2.26. The shipping company earned $773.40 million during the quarter, compared to the consensus estimate of $762.35 million. Matson had a trailing twelve-month return on equity of 20.04% and a net margin of 13.52%. The firm's quarterly revenue was down 38.7% compared to the same quarter last year. During the same period last year, the business posted $9.49 EPS.

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

Matson announced a quarterly dividend on Thursday, June 22nd. Stockholders of record on Thursday, August 3rd will be given a dividend of $0.32 per share on Thursday, September 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Wednesday, August 2nd. This is an increase from the stock's previous quarterly dividend of $0.31.
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 1.44%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 10.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MATX will have a dividend payout ratio of 18.50% 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 2023 earnings guidance on Thursday, July, 20th. The company provided earnings per share guidance of $2.14-$2.28 for the period, compared to the consensus earnings per share estimate of $1.46. 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (17.07%), Dimensional Fund Advisors LP (7.33%), ArrowMark Colorado Holdings LLC (6.23%), State Street Corp (3.71%), Geode Capital Management LLC (1.99%) and Pacer Advisors Inc. (1.80%). 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, Kevin L Stuck, Kuuhaku T Park, 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 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 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 $89.45.

How much money does Matson make?

Matson (NYSE:MATX) has a market capitalization of $3.16 billion and generates $4.34 billion in revenue each year. The shipping company earns $1.06 billion in net income (profit) each year or $12.19 on an earnings per share basis.

How many employees does Matson have?

The company employs 4,288 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 9/28/2023 by MarketBeat.com Staff

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