Matson Receives New Coverage from Analysts at FBR Capital Markets (MATX)
Analysts at FBR Capital Markets started coverage on shares of Matson (NASDAQ:MATX) in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating and a $28.00 price target on the stock. FBR Capital Markets’ price objective points to a potential upside of 4.13% from the company’s current price.
A number of other analysts have also recently weighed in on MATX. 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. Separately, 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. Finally, analysts at Zacks downgraded shares of Matson from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 1st. They now have a $30.80 price target on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $30.45.
Shares of Matson (NASDAQ:MATX) traded up 2.87% on Thursday, hitting $26.89. The stock had a trading volume of 298,415 shares. Matson has a 1-year low of $20.01 and a 1-year high of $29.47. The stock’s 50-day moving average is $27.22 and its 200-day moving average is $26.02. The company has a market cap of $1.149 billion and a P/E ratio of 17.57.
Matson (NASDAQ:MATX) last released its earnings data on Wednesday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Matson will post $1.52 EPS for the current fiscal year.
Matson Inc is an industrials company in the Marine industry.
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