A number of firms have modified their ratings and price targets on shares of Seaspan Corporation (NYSE: SSW) recently:

  • 8/2/2017 – Seaspan Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/2/2017 – Seaspan Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Seaspan owns containerships and charters them pursuant to long-term fixed-rate charters. “
  • 8/1/2017 – Seaspan Corporation was given a new $5.00 price target on by analysts at Credit Suisse Group. They now have a “sell” rating on the stock.
  • 7/27/2017 – Seaspan Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/15/2017 – Seaspan Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Seaspan owns containerships and charters them pursuant to long-term fixed-rate charters. “
  • 7/14/2017 – Seaspan Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $7.00 price target on the stock.
  • 7/6/2017 – Seaspan Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/4/2017 – Seaspan Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Seaspan owns containerships and charters them pursuant to long-term fixed-rate charters. “
  • 6/29/2017 – Seaspan Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $7.00 price target on the stock. According to Zacks, “Seaspan owns containerships and charters them pursuant to long-term fixed-rate charters. “

Shares of Seaspan Corporation (SSW) traded down 2.06% during mid-day trading on Tuesday, hitting $6.66. 851,669 shares of the stock were exchanged. Seaspan Corporation has a 52-week low of $5.02 and a 52-week high of $15.32. The stock has a 50-day moving average price of $6.58 and a 200 day moving average price of $6.95. The firm’s market cap is $784.79 million.

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 20th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 7.51%. The ex-dividend date was Tuesday, July 18th. Seaspan Corporation’s payout ratio is -29.94%.

Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.

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