Press coverage about Matson (NYSE:MATX) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Matson earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the shipping company an impact score of 46.5101821463316 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Matson (MATX) Lowered to Sell at BidaskClub (americanbankingnews.com)
- Analyzing Matson (MATX) and Carnival (CCL) (americanbankingnews.com)
- Matson (MATX) versus Its Peers Head to Head Review (americanbankingnews.com)
- Matson's second Kanaloa Class containership begins construction in San Diego (finance.yahoo.com)
- Head-To-Head Contrast: Matson (MATX) versus Its Rivals (americanbankingnews.com)
MATX has been the topic of several research reports. Wells Fargo upgraded Matson from an “underperform” rating to a “market perform” rating in a report on Monday, January 29th. Zacks Investment Research upgraded Matson from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a report on Thursday, February 1st. Seaport Global Securities upgraded Matson from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Monday, January 29th. TheStreet downgraded Matson from a “b” rating to a “c+” rating in a report on Friday, March 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $38.00 price objective (up from $32.00) on shares of Matson in a report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $32.60.
Matson (NYSE:MATX) last announced its quarterly earnings results on Tuesday, February 20th. The shipping company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). Matson had a net margin of 11.33% and a return on equity of 14.40%. The company had revenue of $516.10 million during the quarter, compared to analysts’ expectations of $504.61 million. During the same quarter in the prior year, the business posted $0.44 earnings per share. The company’s revenue was down .6% compared to the same quarter last year. equities research analysts forecast that Matson will post 2.12 EPS for the current year.
In other news, President Ronald J. Forest sold 10,000 shares of Matson stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $29.56, for a total value of $295,600.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey N. Watanabe sold 3,500 shares of Matson stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $29.37, for a total value of $102,795.00. The disclosure for this sale can be found here. Insiders sold a total of 31,215 shares of company stock worth $934,628 over the last quarter. Company insiders own 2.48% 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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