Matson, Inc. (NYSE:MATX) Receives $141.75 Consensus Target Price from Analysts

Matson, Inc. (NYSE:MATX) has earned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $141.75.

Several analysts have issued reports on the company. Zacks Research upgraded Matson from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 16th. Stephens boosted their price target on shares of Matson from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Wolfe Research upgraded shares of Matson from a “peer perform” rating to an “outperform” rating and set a $142.00 price target for the company in a research report on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Matson in a research report on Monday, November 24th.

Institutional Investors Weigh In On Matson

A number of institutional investors have recently bought and sold shares of MATX. American Century Companies Inc. boosted its holdings in shares of Matson by 2.9% during the third quarter. American Century Companies Inc. now owns 1,250,636 shares of the shipping company’s stock worth $123,300,000 after purchasing an additional 35,229 shares during the period. Boston Partners lifted its position in Matson by 424.8% in the 1st quarter. Boston Partners now owns 958,170 shares of the shipping company’s stock worth $121,428,000 after buying an additional 775,600 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Matson by 1.0% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 603,634 shares of the shipping company’s stock valued at $77,368,000 after buying an additional 6,135 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Matson by 27.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 590,763 shares of the shipping company’s stock valued at $65,770,000 after acquiring an additional 128,994 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Matson by 144.9% in the third quarter. Millennium Management LLC now owns 455,133 shares of the shipping company’s stock worth $44,872,000 after acquiring an additional 269,310 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Matson Price Performance

Shares of NYSE:MATX opened at $113.84 on Tuesday. The company has a market capitalization of $3.55 billion, a PE ratio of 8.66 and a beta of 1.33. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a fifty day moving average of $101.67 and a 200-day moving average of $106.33. Matson has a one year low of $86.97 and a one year high of $154.44.

Matson (NYSE:MATX) last issued its earnings results on Tuesday, November 4th. The shipping company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.25 by $0.99. Matson had a return on equity of 16.23% and a net margin of 12.70%.The business had revenue of $880.10 million for the quarter, compared to analysts’ expectations of $837.72 million. During the same period in the previous year, the firm posted $5.89 EPS. The company’s quarterly revenue was down 8.5% on a year-over-year basis. As a group, equities analysts anticipate that Matson will post 13.27 EPS for the current fiscal year.

Matson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 6th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, November 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.3%. Matson’s payout ratio is currently 10.96%.

Matson Company Profile

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.