Matson, Inc. Common Stock (NYSE:MATX):
Matson Enters Into Commitment Letter For $75 Million 11-Year Senior Unsecured Notes At Fixed Rate Of 3.37%.
The company is so far trading down by -0.05% since yesterday’s close of $39.37.
Matson, Inc. Common Stock also declared a dividend that was paid on Thu Sep 1, 2016. The dividend payment was $0.190 per share for the quarter which is $0.76 annualized. This dividend amount represented a yeild of $1.92. The ex-dividend date was set for Tuesday the 2nd of August 2016.
It is currently trading at $39.35 just below the 50 day moving average of $39.79 and which is marginally over the 200 day moving average of $36.41. The 50 day moving average went down $-0.44 or -1.10% and the 200 day average moved up $2.94.
The company’s P/E ratio is 16.52 and the market cap of the company is 1.69B. In the last earnings report the EPS was $2.38 and is projected to be $2.05 for the current year with 42,959,000 shares currently outstanding. Next quarter’s EPS is expected be $0.53 and the next full year EPS is projected to be $2.42.
A few brokerage firms have released ratings on the company recently. February 24 investment analysts at Stifel Nicolaus made no change to the stock rating of “Buy” but lowered the price target from $51.00 to $45.00. On February 25 Stifel Nicolaus kept the stock rating at “Buy” and raised the price expectation to $43.00 from $39.00.
November 12 investment analysts at Stifel Nicolaus left the stock rating at “Buy” but raised the price expectation to $39.00 from $36.00. November 7 investment analysts at Oppenheimer left the company rating at “Outperform” and raised the price target to $33.00 from $31.00.
On November 3 the stock rating was downgraded from “Outperform” to “Market Perform” and a price target of $30.00 was set in a statement from FBR Capital. Equity analyst FBR Capital both downgraded the stock and lowered the price target on November 3 changing the price target from $32.00 to $30.00 and moving the rating from “Outperform” to “Market Perform”.