A statement released earlier today by Janney Montgomery Scott about Seaspan Corporation (NYSE:SSW) raises the target price to $10.00
- Updated: December 1, 2016
In a report released on Thursday December 01, 2016 Janney Montgomery Scott increased the stock price target of Seaspan Corporation (NYSE:SSW) to $10.00 indicating a possible upside of 0.11%.
Previously on 01/11/2016, Barclays Capital reported about Seaspan Corporation (NYSE:SSW) lowered the target price from $25.00 to $16.00. At the time, this indicated a possible upside of 0.09%.
Yesterday Seaspan Corporation (NYSE:SSW) traded -2.34% lower at $8.97. The company’s 50-day moving average is $10.77 and its 200-day moving average is $13.59. The last stock close price is down -35.55% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 672,753 shares of the stock were exchanged, up from an average trading volume of 603,194
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Seaspan Corporation has a 52 week low of $8.08 and a 52 week high of $20.00 The company’s market cap is currently $0.
In addition to Janney Montgomery Scott reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $18.00 with 1 firm rating the stock a strong buy, 1 firm rating the stock a buy, 8 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Seaspan Corporation (NYSE:SSW)
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. Its over four 4,800 20-foot equivalent unit (TEU) vessels are chartered by Mediterranean Shipping Company S.A. under bareboat charters, which are contracts for the use of a vessel for a fixed period of time. It is responsible for the operation and management of vessel, including maintaining the vessel, periodic dry-docking, cleaning and painting and performing work required by regulations under each of the time charters. It also provides limited ship management services to Dennis R. Washington's personal vessel owning companies, and ship management and construction supervision services to Greater China Intermodal Investments LLC (GCI).
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