Seaspan Corp. (SSW) Stock Price Down 2%
Seaspan Corp. (NYSE:SSW) shares traded down 2% on Monday . The company traded as low as $14.58 and last traded at $14.85, with a volume of 126,672 shares trading hands. The stock had previously closed at $15.15.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Seaspan Corp. from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Wednesday, July 13th. Deutsche Bank AG downgraded shares of Seaspan Corp. from a “buy” rating to a “hold” rating and decreased their target price for the company from $25.00 to $12.00 in a research report on Tuesday, May 24th. Finally, Barclays PLC downgraded shares of Seaspan Corp. from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $15.00 to $14.00 in a research report on Friday, April 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.00.
The stock has a market capitalization of $1.45 billion and a P/E ratio of 11.18. The company’s 50-day moving average price is $14.66 and its 200 day moving average price is $16.22.
Seaspan Corp. (NYSE:SSW) last posted its quarterly earnings data on Monday, April 25th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. During the same quarter in the prior year, the business earned $0.25 earnings per share. On average, analysts expect that Seaspan Corp. will post $1.23 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Stockholders of record on Wednesday, July 20th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.18%. The ex-dividend date of this dividend is Monday, July 18th.
An institutional investor recently bought a new position in Seaspan Corp. stock. WBI Investments Inc. bought a new position in shares of Seaspan Corp. (NYSE:SSW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 67,281 shares of the company’s stock, valued at approximately $1,064,000. WBI Investments Inc. owned about 0.07% of Seaspan Corp. at the end of the most recent quarter.
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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