Stock To Watch: Seaspan Corporation (NYSE:SSW)


The leading market experts have placed a mean price target of $15.13 on Seaspan Corporation (NYSE:SSW) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.29 a share for the upcoming quarter and $1.22 for the current fiscal.

Technical View

The technical analysis of Seaspan Corporation Seaspan Cor plainly substantiates that the 50-day moving average of Seaspan Corporation Seaspan Cor is $14.86, and stock is trading $-0.21 points away or -1.42% from its 50-day moving average of $14.86. Further it is trading $-1.43 or -8.91% away its 200-day moving average of $16.08. Seaspan Corporation (NYSE:SSW) 52-week high is $20.00 and the 52-week low is $13.53.

This explains if the stock moves $-5.35, it will post a 52-week high. In event of +8.28% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Seaspan Corporation Seaspan Cor, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Seaspan Corporation (NYSE:SSW) ratio came in at 16.92.

The stock last ended the trading session at $14.65 and registered a market cap of $1.54B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Seaspan Corporation (NYSE:SSW) PEG ratio is at 1.33.

1 Chart Pattern Every Investor Should Know

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