Matson Inc. (NYSE:MATX) has earned a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have given a strong buy rating to the company. Matson’s rating score has declined by 11.3% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a one year consensus price target of $49.00 for the company and are expecting that the company will post $0.65 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Matson an industry rank of 65 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Matson from a “sell” rating to a “hold” rating in a research report on Thursday, July 21st.
Matson (NYSE:MATX) opened at 39.84 on Monday. The firm’s 50-day moving average is $38.24 and its 200-day moving average is $36.11. Matson has a 1-year low of $30.54 and a 1-year high of $53.18. The stock has a market cap of $1.71 billion, a P/E ratio of 16.73 and a beta of 1.27.
Matson (NYSE:MATX) last released its earnings results on Tuesday, August 2nd. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $467.70 million for the quarter, compared to the consensus estimate of $487.35 million. Matson had a net margin of 5.31% and a return on equity of 25.99%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share. On average, analysts forecast that Matson will post $2.03 EPS for the current year.
In other Matson news, insider Vic S. Angoco, Jr. sold 12,162 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $40.20, for a total value of $488,912.40. Following the completion of the sale, the insider now directly owns 48,722 shares of the company’s stock, valued at $1,958,624.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Blake Baird sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $35.96, for a total transaction of $35,960.00. Following the completion of the sale, the director now directly owns 18,745 shares of the company’s stock, valued at $674,070.20. The disclosure for this sale can be found here. Corporate insiders own 2.36% of the company’s stock.
A number of hedge funds have recently bought and sold shares of MATX. Acrospire Investment Management LLC acquired a new stake in Matson during the first quarter valued at approximately $137,000. Tower Research Capital LLC TRC increased its stake in Matson by 3,374.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,474 shares of the company’s stock valued at $112,000 after buying an additional 3,374 shares in the last quarter. Bank of Montreal Can acquired a new stake in Matson during the second quarter valued at approximately $127,000. PineBridge Investments L.P. increased its stake in Matson by 3.3% in the second quarter. PineBridge Investments L.P. now owns 5,485 shares of the company’s stock valued at $177,000 after buying an additional 176 shares in the last quarter. Finally, Mason Street Advisors LLC acquired a new stake in Matson during the second quarter valued at approximately $273,000. 81.90% of the stock is owned by institutional investors.
Matson Inc is a transportation company in the Marine industry.
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