Why Seaspan Corporation (NYSE:SSW) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $15.38 on Seaspan Corporation (NYSE:SSW) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.21 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 Seaspan Corporation (NYSE:SSW) stands at 11.21. 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 Seaspan Corporation Seaspan Cor, the PEG ratio for coming 3-5 years is 1.22. Technical Analysis The technical analysis highlights that Seaspan Corporation Seaspan Cor current price is trading $-0.85 points away -5.42% from $15.63, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $16.29 and, for now, the stock price is trading $-1.51 or -9.28% away from that point. The 52-week high of Seaspan Corporation (NYSE:SSW) was $20.87 while lowest point recorded in 52-week was $13.67. It implies if stock price makes a movement of over $-6.09, it will record a new 52-week high. In the case of $+8.12% points drop, it will touch a new 52-week low.

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