Matson Now Covered by FBR & Co. (MATX)
Research analysts at FBR & Co. began coverage on shares of Matson (NASDAQ:MATX) in a report released on Thursday, American Banking & Market News reports. The firm set a “market perform” rating on the stock.
A number of other analysts have also recently weighed in on MATX. Analysts at FBR Capital Markets initiated coverage on shares of Matson in a research note to investors on Thursday. They set a “market perform” rating and a $28.00 price target on the stock. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Matson in a research note to investors on Tuesday. They set a “buy” rating and a $32.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Matson from $28.00 to $31.00 in a research note to investors on Thursday, August 8th. They now have an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Matson currently has a consensus rating of “Hold” and an average target price of $30.45.
Shares of Matson (NASDAQ:MATX) opened at 26.14 on Thursday. Matson has a 52-week low of $20.01 and a 52-week high of $29.47. The stock has a 50-day moving average of $27.25 and a 200-day moving average of $26.01. The company has a market cap of $1.117 billion and a price-to-earnings ratio of 17.57.
Matson (NASDAQ:MATX) last announced its earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.03. The company had revenue of $416.60 million for the quarter, compared to the consensus estimate of $398.33 million. On average, analysts predict that Matson will post $1.50 earnings per share for the current fiscal year.
Matson Inc is an industrials company in the Marine industry.
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