Equities research analysts at BMO Capital Markets assumed coverage on shares of SEASPAN CORP/SH SH (NYSE:SSW) in a research note issued on Wednesday, The Fly reports. The firm set a “market perform” rating on the shipping company’s stock.
Several other equities analysts have also issued reports on SSW. Jefferies Financial Group lowered shares of SEASPAN CORP/SH SH from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a report on Thursday, May 9th. Zacks Investment Research lowered shares of SEASPAN CORP/SH SH from a “buy” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $9.60.
Shares of SEASPAN CORP/SH SH stock traded down $0.21 during trading on Wednesday, reaching $9.80. 432,200 shares of the stock were exchanged, compared to its average volume of 686,374. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The stock’s fifty day moving average is $10.03. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 8.03, a price-to-earnings-growth ratio of 1.28 and a beta of 0.78. SEASPAN CORP/SH SH has a 1 year low of $7.05 and a 1 year high of $10.70.
SEASPAN CORP/SH SH (NYSE:SSW) last posted its earnings results on Wednesday, August 7th. The shipping company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.03. SEASPAN CORP/SH SH had a net margin of 40.70% and a return on equity of 9.89%. The company had revenue of $275.42 million during the quarter, compared to analyst estimates of $277.26 million. During the same period in the prior year, the business posted $0.34 earnings per share. SEASPAN CORP/SH SH’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts predict that SEASPAN CORP/SH SH will post 0.66 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. AlphaMark Advisors LLC lifted its position in SEASPAN CORP/SH SH by 38.1% during the fourth quarter. AlphaMark Advisors LLC now owns 63,568 shares of the shipping company’s stock valued at $1,005,000 after acquiring an additional 17,536 shares during the last quarter. First Trust Advisors LP purchased a new stake in SEASPAN CORP/SH SH during the fourth quarter valued at approximately $1,644,000. Miller Howard Investments Inc. NY lifted its position in SEASPAN CORP/SH SH by 0.6% during the fourth quarter. Miller Howard Investments Inc. NY now owns 172,679 shares of the shipping company’s stock valued at $2,730,000 after acquiring an additional 1,111 shares during the last quarter. WBI Investments Inc. purchased a new stake in SEASPAN CORP/SH SH during the fourth quarter valued at approximately $1,064,000. Finally, AJO LP purchased a new position in shares of SEASPAN CORP/SH SH in the fourth quarter worth $7,240,000. Hedge funds and other institutional investors own 45.51% of the company’s stock.
SEASPAN CORP/SH SH Company Profile
Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships under long-term, fixed-rate time charters to various container liner companies. As of February 15, 2018, it operated a fleet of 91 containerships. The company was founded in 2005 and is based in Hong Kong, Hong Kong.
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