Matson (MATX) Earning Somewhat Favorable Press Coverage, Report Shows
Media stories about Matson (NYSE:MATX) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Matson earned a news impact score of 0.15 on Accern’s scale. Accern also gave news articles about the shipping company an impact score of 47.7583983094091 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several analysts have weighed in on MATX shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $38.00 price objective (up from $32.00) on shares of Matson in a research note on Monday, January 29th. TheStreet cut shares of Matson from a “b” rating to a “c+” rating in a research note on Friday, March 2nd. Zacks Investment Research raised shares of Matson from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Thursday, January 4th. Seaport Global Securities raised shares of Matson from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Monday, January 29th. Finally, Wells Fargo raised shares of Matson from an “underperform” rating to a “market perform” rating in a research note on Monday, January 29th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Matson has an average rating of “Buy” and a consensus target price of $32.60.
Shares of Matson stock opened at $30.21 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $1,307.65, a PE ratio of 5.59, a price-to-earnings-growth ratio of 2.89 and a beta of 1.42. Matson has a 52 week low of $21.63 and a 52 week high of $40.32.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, February 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. Matson’s dividend payout ratio (DPR) is currently 14.81%.
In other news, President Ronald J. Forest sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $29.56, for a total transaction of $295,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey N. Watanabe sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $29.37, for a total transaction of $102,795.00. The disclosure for this sale can be found here. Insiders have sold 31,215 shares of company stock worth $934,628 over the last three months. 2.48% of the stock is owned by insiders.
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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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