SEASPAN CORP/SH SH (NYSE:SSW) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $11.13.

SSW has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of SEASPAN CORP/SH SH from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. TheStreet upgraded shares of SEASPAN CORP/SH SH from a “c+” rating to a “b” rating in a research note on Wednesday, December 11th. Zacks Investment Research upgraded shares of SEASPAN CORP/SH SH from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Wednesday, October 9th. Finally, Bank of America lowered shares of SEASPAN CORP/SH SH from a “buy” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research note on Monday, November 25th.

Shares of SEASPAN CORP/SH SH stock traded up $0.23 during trading on Tuesday, reaching $14.51. The company had a trading volume of 734,015 shares, compared to its average volume of 691,934. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. The firm’s fifty day moving average is $13.63 and its 200-day moving average is $11.37. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.43 and a current ratio of 0.43. SEASPAN CORP/SH SH has a fifty-two week low of $7.78 and a fifty-two week high of $14.62.

SEASPAN CORP/SH SH (NYSE:SSW) last issued its earnings results on Thursday, November 7th. The shipping company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $282.72 million for the quarter, compared to analyst estimates of $283.21 million. SEASPAN CORP/SH SH had a net margin of 37.89% and a return on equity of 8.27%. On average, research analysts anticipate that SEASPAN CORP/SH SH will post 0.78 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Monday, January 20th will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, January 16th. This represents a $0.50 annualized dividend and a yield of 3.45%. SEASPAN CORP/SH SH’s dividend payout ratio (DPR) is 40.98%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SSW. Renaissance Technologies LLC raised its stake in SEASPAN CORP/SH SH by 72.6% during the second quarter. Renaissance Technologies LLC now owns 1,528,600 shares of the shipping company’s stock worth $14,996,000 after acquiring an additional 642,800 shares during the period. Nuveen Asset Management LLC acquired a new stake in SEASPAN CORP/SH SH during the second quarter worth about $3,322,000. BlackRock Inc. raised its stake in SEASPAN CORP/SH SH by 11.2% during the second quarter. BlackRock Inc. now owns 2,705,958 shares of the shipping company’s stock worth $26,545,000 after acquiring an additional 272,216 shares during the period. Kempen Capital Management N.V. raised its stake in SEASPAN CORP/SH SH by 26.0% during the second quarter. Kempen Capital Management N.V. now owns 962,813 shares of the shipping company’s stock worth $9,445,000 after acquiring an additional 198,689 shares during the period. Finally, Wells Fargo & Company MN raised its stake in SEASPAN CORP/SH SH by 20.6% during the second quarter. Wells Fargo & Company MN now owns 780,274 shares of the shipping company’s stock worth $7,656,000 after acquiring an additional 133,324 shares during the period. Hedge funds and other institutional investors own 47.47% of the company’s stock.

About SEASPAN CORP/SH SH

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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