Shares of Matson, Inc. (NYSE:MATX) have earned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $28.00.

MATX has been the topic of several recent research reports. BidaskClub lowered Matson from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Zacks Investment Research lowered Matson from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Stifel Nicolaus restated a “buy” rating and set a $32.00 target price (up from $30.00) on shares of Matson in a report on Thursday, September 21st. Finally, Wells Fargo & Co restated an “underperform” rating and set a $22.00 target price on shares of Matson in a report on Monday, September 25th.

Shares of Matson (NYSE MATX) opened at $30.28 on Tuesday. Matson has a 1-year low of $21.63 and a 1-year high of $37.32. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $1,250.00, a price-to-earnings ratio of 15.61, a P/E/G ratio of 3.17 and a beta of 1.27.

Matson (NYSE:MATX) last posted its earnings results on Thursday, November 2nd. The shipping company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.20. Matson had a return on equity of 17.49% and a net margin of 4.12%. The company had revenue of $543.90 million for the quarter, compared to analyst estimates of $531.61 million. During the same period last year, the company earned $0.59 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. analysts predict that Matson will post 1.79 EPS for the current year.

In other Matson news, President Ronald J. Forest sold 16,491 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $29.28, for a total transaction of $482,856.48. Following the transaction, the president now directly owns 94,977 shares in the company, valued at $2,780,926.56. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.60% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Matson by 2.1% in the second quarter. Vanguard Group Inc. now owns 3,923,215 shares of the shipping company’s stock valued at $117,853,000 after purchasing an additional 79,971 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Matson by 0.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,825,204 shares of the shipping company’s stock valued at $79,614,000 after purchasing an additional 14,674 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Matson by 45.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,244,912 shares of the shipping company’s stock valued at $63,262,000 after purchasing an additional 701,610 shares during the last quarter. State Street Corp grew its position in shares of Matson by 1.5% in the second quarter. State Street Corp now owns 1,079,551 shares of the shipping company’s stock valued at $32,429,000 after purchasing an additional 15,869 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Matson by 2.8% in the second quarter. Northern Trust Corp now owns 548,652 shares of the shipping company’s stock valued at $16,482,000 after purchasing an additional 14,761 shares during the last quarter. 84.13% of the stock is currently owned by institutional investors.

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About Matson

Matson, Inc, through its subsidiaries, operates as an ocean cargo carrier. The company operates in two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean transportation services to the domestic economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia and in the South Pacific.

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