Seaspan Co. Sets New 1-Year High at $23.75 (SSW)
Shares of Seaspan (NYSE:SSW) hit a new 52-week high on Thursday, AnalystRatingsNetwork.com reports. The company traded as high as $23.75 and last traded at $23.60, with a volume of 78,119 shares trading hands. The stock had previously closed at $23.31.
A number of analysts have recently weighed in on SSW shares. Analysts at Stifel Nicolaus initiated coverage on shares of Seaspan (NYSE:SSW) in a research note to investors on Thursday, July 18th. They set a “sell” rating on the stock. Analysts at Wells Fargo & Co. downgraded shares of Seaspan (NYSE:SSW) from a “market perform” rating to an “underperform” rating in a research note to investors on Thursday, June 27th.
Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $20.75.
Seaspan has a one year low of $14.73 and a one year high of $23.75. The stock has a 50-day moving average of $21.67 and a 200-day moving average of $21.44. The company has a market cap of $1.521 billion and a P/E ratio of 8.67.
Seaspan (NYSE:SSW) last announced its earnings results on Monday, July 29th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.06. The company had revenue of $167.79 million for the quarter, compared to the consensus estimate of $166.93 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Analysts expect that Seaspan will post $0.83 EPS for the current fiscal year.
Seaspan Corporation (NYSE:SSW) is an independent charter owner of containerships, which the Company charters pursuant to long-term, fixed-rate time charters agreement.
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