Zacks Investment Research disclosed Matson, Inc. (NYSE:MATX), hiking its price target to $46.00 earlier today
- Updated: October 12, 2016
Having a price of $41.06, Matson, Inc. (NYSE:MATX) traded 1.36% higher on the day. With the last close up 13.41% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $39.33 and a 200-day moving average of $36.21. 133,255 shares of the stock traded hands, down from an average trading volume of 239,297
Reporting a potential upside of 0.12%, Zacks Investment Research upped the price target of Matson, Inc. (NYSE:MATX) to $46.00
On 08/05/2015, Stifel released a statement on Matson, Inc. (NYSE:MATX) upped the target price from $46.00 to $48.00 that suggested an upside of 0%.
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Matson, Inc. has a 52 week low of $30.54 and a 52 week high of $53.18 with a PE ratio of 17.24 The company’s market cap is currently $0.
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 mixed commodities, refrigerated commodities, packaged foods, household goods, automobiles, and seafood; 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, Dutch Harbor, and Akutan. It operates a fleet of 23 owned and 3 chartered vessels, including 17 containerships; 2 combination container/roll-on/roll-off ships; 1 roll-on/roll-off barge; and 3 container barges equipped with cranes. 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.
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