SEASPAN CORP/SH SH (NYSE:SSW) has been given an average rating of “Hold” by the six ratings firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $11.13.
Several analysts recently weighed in on the company. TheStreet raised SEASPAN CORP/SH SH from a “c+” rating to a “b” rating in a report on Wednesday, December 11th. ValuEngine raised SEASPAN CORP/SH SH from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Zacks Investment Research raised SEASPAN CORP/SH SH from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, October 9th. Finally, Bank of America cut SEASPAN CORP/SH SH from a “buy” rating to a “neutral” rating and set a $12.00 price target for the company. in a report on Monday, November 25th.
NYSE:SSW traded down $0.10 during mid-day trading on Tuesday, hitting $13.99. 5,996 shares of the stock were exchanged, compared to its average volume of 538,633. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 2.70 and a beta of 0.84. The firm’s 50-day simple moving average is $13.35 and its 200 day simple moving average is $11.25. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.43 and a current ratio of 0.43. SEASPAN CORP/SH SH has a fifty-two week low of $7.78 and a fifty-two week high of $14.50.
SEASPAN CORP/SH SH (NYSE:SSW) last released its quarterly earnings results on Thursday, November 7th. The shipping company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The business had revenue of $282.72 million during the quarter, compared to analysts’ expectations of $283.21 million. SEASPAN CORP/SH SH had a return on equity of 8.27% and a net margin of 37.89%. On average, analysts predict that SEASPAN CORP/SH SH will post 0.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Monday, January 20th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $0.50 dividend on an annualized basis and a yield of 3.57%. SEASPAN CORP/SH SH’s dividend payout ratio (DPR) is presently 40.98%.
A number of institutional investors have recently bought and sold shares of SSW. State Street Corp increased its stake in shares of SEASPAN CORP/SH SH by 8.2% in the 3rd quarter. State Street Corp now owns 1,374,280 shares of the shipping company’s stock valued at $14,609,000 after purchasing an additional 104,027 shares during the last quarter. Bartlett & Co. LLC bought a new stake in SEASPAN CORP/SH SH during the 3rd quarter worth $149,000. Comerica Bank grew its position in SEASPAN CORP/SH SH by 473.3% during the 3rd quarter. Comerica Bank now owns 65,636 shares of the shipping company’s stock worth $748,000 after acquiring an additional 54,188 shares during the last quarter. California Public Employees Retirement System grew its position in SEASPAN CORP/SH SH by 130.6% during the 3rd quarter. California Public Employees Retirement System now owns 234,440 shares of the shipping company’s stock worth $2,492,000 after acquiring an additional 132,793 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new stake in SEASPAN CORP/SH SH during the 3rd quarter worth $1,063,000. Hedge funds and other institutional investors own 47.47% of the company’s stock.
SEASPAN CORP/SH SH Company Profile
Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships under long-term, fixed-rate time charters to various container liner companies. As of February 15, 2018, it operated a fleet of 91 containerships. The company was founded in 2005 and is based in Hong Kong, Hong Kong.
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