Breaking Finance News

Matson, Inc. (NYSE:MATX) has been downgraded to C+ in a statement by TheStreet earlier today.

TheStreet has downgraded Matson, Inc. (NYSE:MATX) to C+ in a statement released on Monday May 22, 2017.

Previously on 4/26/2017, Zacks Investment Research reported on Matson, Inc. (NYSE:MATX) increased the target price from $0.00 to $36.00. At the time, this indicated a possible upside of 0.11%.

Yesterday Matson, Inc. (NYSE:MATX) traded -0.34% lower at $29.88. The company’s 50-day moving average is $27.54 and its 200-day moving average is $30.21. The last closing price is down -13.79% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time period. 163,058 shares of the stock traded hands, down from an average trading volume of 262,770

See Chart Below

Matson, Inc. (NYSE:MATX)

Matson, Inc. has a 52 week low of $21.63 and a 52 week high of $42.00 with a P/E ratio of 14.96 The company’s market cap is currently $0.

General Information About Matson, Inc. (NYSE:MATX)

Matson, Inc., through its subsidiaries, operates as an ocean cargo carrier. The company operates in two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean transportation services to the domestic economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia and in the South Pacific. This segment also operates an expedited service from China to Long Beach, California; and provides container and conventional freight services between New Zealand and other South Pacific Islands including Fiji, Samoa, American Samoa, Tonga, the Cook Islands, Niue, Vanuatu, Nauru, and the Solomon Islands. It primarily transports dry containers of mixed commodities, refrigerated commodities, packaged foods and beverages, building materials, automobiles, and household goods; general sustenance cargo; and garments, footwear, and other retail merchandise. This segment also offers container stevedoring, container equipment maintenance, and other terminal services on the islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. It operates a fleet of 22 owned and 5 chartered vessels. The Logistics segment provides multimodal transportation services, including domestic and international rail intermodal service; long-haul and regional highway brokerage, specialized hauling, flat-bed and project work, less-than-truckload, and expedited freight; and supply chain management, and warehousing and distribution services. This segment also offers freight forwarding, consolidation, customs brokerage, purchase order management, and non-vessel operating common carrier services. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *