Positive Press Coverage Somewhat Unlikely to Impact Seaspan Corporation (SSW) Stock Price
Headlines about Seaspan Corporation (NYSE:SSW) have trended positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Seaspan Corporation earned a media sentiment score of 0.32 on Accern’s scale. Accern also assigned news articles about the shipping company an impact score of 46.3035754445382 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- Reviewing Capital Product Partners L.P. (CPLP) and Seaspan Corporation (NYSE:SSW) (americanbankingnews.com)
- Seaspan Corporation (SSW) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Placing the Spotlight on Seaspan Corp (SSW): Technical Stock Update – Sparta Review (spartareview.com)
- Volume Moving the Tape For Seaspan Corp (SSW) – Evergreen Caller (evergreencaller.com)
- Seaspan Corporation Seaspan Cor (NYSE:SSW) Sees Unusual Trading Volume in Its Shares – Modern Readers (modernreaders.com)
Several analysts have recently issued reports on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 target price on shares of Seaspan Corporation in a research report on Friday, July 14th. BidaskClub lowered shares of Seaspan Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Citigroup Inc. upgraded shares of Seaspan Corporation from a “sell” rating to a “neutral” rating and set a $7.00 target price on the stock in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded shares of Seaspan Corporation from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research report on Thursday, June 29th. Finally, Credit Suisse Group lowered shares of Seaspan Corporation from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $7.00 to $6.00 in a research report on Monday, May 1st. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Seaspan Corporation presently has a consensus rating of “Hold” and an average price target of $6.81.
Seaspan Corporation (SSW) opened at 6.46 on Friday. Seaspan Corporation has a 52-week low of $5.02 and a 52-week high of $15.32. The firm’s market capitalization is $761.23 million. The company’s 50-day moving average is $6.67 and its 200-day moving average is $6.79.
The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Thursday, July 20th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, July 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.74%. Seaspan Corporation’s dividend payout ratio is presently -29.94%.
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Seaspan Corporation Company Profile
Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.
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