Why Matson, Inc. (NYSE:MATX) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $48.00 on Matson, Inc. (NYSE:MATX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.02 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Matson, Inc. (NYSE:MATX) stands at 17.65.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Matson, Inc. Common Stock, the PEG ratio for coming 3-5 years is 4.16.

Technical Analysis

The technical analysis highlights that Matson, Inc. Common Stock current is trading $5.25 points away or +14.26% from its 50-day moving average of $36.79. Further it is trading $5.84 or +16.12% away its 200-day moving average of $36.20.

The 52-week high of Matson, Inc. (NYSE:MATX) was $53.18 while lowest point recorded in 52-week was $30.54. It implies if stock price makes a movement of over $-11.14, it will record a new 52-week high. In the case of +37.66% drop, it will touch a new 52-week low.

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