Seaspan Corporation (NYSE:SSW) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 8, 2016
Zacks Investment Research has upgraded Seaspan Corporation (NYSE:SSW) to Hold in a statement released on 10/06/2016.
Boasting a price of $13.25, Seaspan Corporation (NYSE:SSW) traded -1.50% lower on the day. With the last stock price close down -14.06% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Seaspan Corporation has recorded a 50-day average of $13.89 and a two hundred day average of $15.32. Volume of trade was up over the average, with 408,687 shares of SSW changing hands over the typical 376,480
With a market capitalization of $0, Seaspan Corporation has PE ratio of 15.21 with a one year low of $13.15 and a one year high of $20.00 .
A total of 8 brokerages have issued a ratings update on the stock. 1 firm rating the stock a strong buy, 1 firm rating the stock a buy, 8 firms rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $18.00.
Brief Synopsis On 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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