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%.
In the market the company is trading down by -0.05 percent from yesterday’s close.
The company also declared a dividend paid on Thursday September 1st, 2016. The dividend was $0.190 per share for the quarter or $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.
Company shares last traded at $39.35 just a bit lower than $39.79, the 50 day moving average and a tad above the 200 day moving average of $36.41. The 50 day moving average was down $-0.44 and the 200 day average moved up $2.94.
Matson, Inc. Common Stock’s P/E ratio is 16.52 and market cap is 1.69B. As of the latest earnings report the EPS was $2.38 and is estimated to be $2.05 for the current year with 42,959,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.53 and the next full year EPS is anticipated to be $2.42.
Several ratings analysts have released opinions on the stock recently. On February 24 Stifel Nicolaus left the company rating at “Buy” and moved down the price target from $51.00 to $45.00. February 25 investment analysts at Stifel Nicolaus made no change to the company rating of “Buy” but moved up the price target to $43.00 from $39.00.
November 12 investment analysts at Stifel Nicolaus maintained a stock rating of “Buy” but raised the price target from $36.00 to $39.00. On November 7 Oppenheimer kept the company rating at “Outperform” and raised the price target from $31.00 to $33.00.
Equity analyst FBR Capital lowered the price target and downgraded the stock on November 3 cutting the price target from $32.00 to $30.00 and setting the rating at “Market Perform” which had previously been “Outperform”. On November 3 the stock rating was downgraded to “Market Perform” from “Outperform” and a price target of $30.00 was set in a report issued by FBR Capital.