Media stories about Matson (NYSE:MATX) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Matson earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 46.0157567648649 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of analysts have recently weighed in on MATX shares. BidaskClub lowered shares of Matson from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Zacks Investment Research downgraded shares of Matson from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Stifel Nicolaus reissued a “buy” rating and issued a $32.00 price target (up from $30.00) on shares of Matson in a research note on Thursday, September 21st. Finally, Wells Fargo & Co reaffirmed an “underperform” rating and set a $22.00 target price on shares of Matson in a research note on Monday, September 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.00.
Shares of Matson (NYSE MATX) opened at $31.70 on Friday. The firm has a market cap of $1,347.72, a P/E ratio of 16.34, a P/E/G ratio of 3.41 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.56. Matson has a 1 year low of $21.63 and a 1 year high of $37.32.
Matson (NYSE:MATX) last issued its earnings results on Thursday, November 2nd. The shipping company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.20. Matson had a net margin of 4.12% and a return on equity of 17.49%. The company had revenue of $543.90 million for the quarter, compared to analysts’ expectations of $531.61 million. During the same quarter last year, the company posted $0.59 earnings per share. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. research analysts forecast that Matson will post 1.79 EPS for the current fiscal year.
In other news, President Ronald J. Forest sold 16,491 shares of Matson stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $29.28, for a total transaction of $482,856.48. Following the transaction, the president now owns 94,977 shares in the company, valued at approximately $2,780,926.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.
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Matson Company Profile
Matson, Inc, through its subsidiaries, operates as an ocean cargo carrier. The company operates in two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean transportation services to the domestic economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia and in the South Pacific.
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