Research Analysts’ Recent Ratings Updates for Matson (MATX)

Matson (NYSE: MATX) has recently received a number of price target changes and ratings updates:

  • 2/1/2018 – Matson was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “Matson, Inc. operates as an ocean transportation and logistics company. It offers shipping services in Hawaii, Guam, and Micronesia islands and expedited service from China to southern California. The company’s logistics services consist of rail intermodal service, long haul and regional highway truckload services, less-than-truckload transportation, specialized hauling, flatbed, and project works, warehousing and distribution services, transloading, cross-dock services, and packaging services, and network analysis and freight management services. Matson, Inc., formerly known as Alexander & Baldwin Holdings, Inc., is headquartered in Honolulu, Hawaii. “
  • 1/29/2018 – Matson was upgraded by analysts at Wells Fargo & Co from an “underperform” rating to a “market perform” rating.
  • 1/29/2018 – Matson was upgraded by analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating. They now have a $40.00 price target on the stock.
  • 1/29/2018 – Matson had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $38.00 price target on the stock, up previously from $32.00.
  • 1/23/2018 – Matson was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Matson, Inc. operates as an ocean transportation and logistics company. It offers shipping services in Hawaii, Guam, and Micronesia islands and expedited service from China to southern California. The company’s logistics services consist of rail intermodal service, long haul and regional highway truckload services, less-than-truckload transportation, specialized hauling, flatbed, and project works, warehousing and distribution services, transloading, cross-dock services, and packaging services, and network analysis and freight management services. Matson, Inc., formerly known as Alexander & Baldwin Holdings, Inc., is headquartered in Honolulu, Hawaii. “
  • 1/4/2018 – Matson was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $35.00 price target on the stock. According to Zacks, “Matson, Inc. operates as an ocean transportation and logistics company. It offers shipping services in Hawaii, Guam, and Micronesia islands and expedited service from China to southern California. The company’s logistics services consist of rail intermodal service, long haul and regional highway truckload services, less-than-truckload transportation, specialized hauling, flatbed, and project works, warehousing and distribution services, transloading, cross-dock services, and packaging services, and network analysis and freight management services. Matson, Inc., formerly known as Alexander & Baldwin Holdings, Inc., is headquartered in Honolulu, Hawaii. “

Shares of Matson, Inc. (MATX) opened at $34.61 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.56. Matson, Inc. has a fifty-two week low of $21.63 and a fifty-two week high of $40.32. The firm has a market capitalization of $1,461.06, a price-to-earnings ratio of 17.84, a P/E/G ratio of 3.19 and a beta of 1.31.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 8th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Wednesday, February 7th. Matson’s dividend payout ratio is presently 41.24%.

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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