Shares of Seaspan Corp. (NYSE:SSW) fell 2.1% during mid-day trading on Thursday . The company traded as low as $14.00 and last traded at $14.19, with a volume of 346,038 shares changing hands. The stock had previously closed at $14.50.

A number of research firms have recently issued reports on SSW. Deutsche Bank AG lowered Seaspan Corp. from a “buy” rating to a “hold” rating and reduced their target price for the company from $25.00 to $12.00 in a report on Tuesday, May 24th. Zacks Investment Research upgraded Seaspan Corp. from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Wednesday, July 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Seaspan Corp. has a consensus rating of “Hold” and a consensus target price of $16.00.

The firm’s 50-day moving average is $14.90 and its 200-day moving average is $16.04. The company has a market cap of $1.49 billion and a P/E ratio of 16.36.

Seaspan Corp. (NYSE:SSW) last released its earnings results on Monday, July 25th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $224.31 million for the quarter, compared to analyst estimates of $217.74 million. During the same period in the prior year, the firm posted $0.22 EPS. Seaspan Corp.’s revenue was up 12.6% on a year-over-year basis. Equities research analysts anticipate that Seaspan Corp. will post $1.22 EPS for the current year.

Seaspan Corporation is an independent charter owner and manager of containerships. It charters pursuant to long-term, fixed-rate time charters with various container liner companies. It operates a fleet of approximately 90 containerships. Its operating vessels include YM Wish, YM Wellhead, YM Witness, CSCL Manzanillo and Guayaquil Bridge.

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