Matson, Inc. (NYSE:MATX) Receives $141.67 Consensus PT from Analysts

Shares of Matson, Inc. (NYSE:MATX) have been given an average rating of “Hold” by the six analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $141.75.

MATX has been the subject of several research analyst reports. Zacks Research raised shares of Matson from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Matson in a report on Wednesday, November 5th. Stephens increased their price target on Matson from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Jefferies Financial Group reaffirmed a “hold” rating and set a $115.00 price target on shares of Matson in a research report on Friday, August 1st. Finally, Wolfe Research upgraded Matson from a “peer perform” rating to an “outperform” rating and set a $142.00 price objective for the company in a research report on Friday, November 7th.

Institutional Trading of Matson

Hedge funds and other institutional investors have recently modified their holdings of the company. Federated Hermes Inc. lifted its holdings in shares of Matson by 124.3% in the third quarter. Federated Hermes Inc. now owns 249 shares of the shipping company’s stock valued at $25,000 after purchasing an additional 138 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Matson in the 2nd quarter valued at approximately $28,000. Hantz Financial Services Inc. lifted its stake in Matson by 67.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 254 shares of the shipping company’s stock valued at $28,000 after acquiring an additional 102 shares in the last quarter. Brooklyn Investment Group acquired a new position in Matson during the 1st quarter worth approximately $34,000. Finally, State of Wyoming grew its stake in shares of Matson by 495.3% during the 1st quarter. State of Wyoming now owns 381 shares of the shipping company’s stock worth $49,000 after acquiring an additional 317 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Matson Price Performance

Matson stock opened at $108.35 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.38 billion, a P/E ratio of 7.33 and a beta of 1.32. The business has a 50-day moving average of $100.47 and a 200-day moving average of $106.30. Matson has a 1 year low of $86.97 and a 1 year high of $169.12.

Matson (NYSE:MATX) last released its quarterly earnings data on Tuesday, November 4th. The shipping company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.25 by $0.99. The business had revenue of $880.10 million for the quarter, compared to analyst estimates of $837.72 million. Matson had a net margin of 14.26% and a return on equity of 18.90%. Matson’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $5.89 EPS. On average, equities analysts anticipate that Matson will post 13.27 EPS for the current year.

Matson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 6th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.44 dividend on an annualized basis and a yield of 1.3%. Matson’s dividend payout ratio is presently 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.