SEASPAN CORP/SH SH (NYSE:SSW) has been given an average rating of “Hold” by the seven research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $9.50.

SSW has been the subject of several recent research reports. BMO Capital Markets initiated coverage on SEASPAN CORP/SH SH in a report on Wednesday. They issued a “market perform” rating and a $10.50 price objective for the company. Zacks Investment Research lowered SEASPAN CORP/SH SH from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Finally, Jefferies Financial Group lowered SEASPAN CORP/SH SH from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a report on Thursday, May 9th.

Shares of SEASPAN CORP/SH SH stock traded up $0.32 during trading hours on Friday, hitting $10.00. 405,500 shares of the company’s stock traded hands, compared to its average volume of 484,396. SEASPAN CORP/SH SH has a 12-month low of $7.05 and a 12-month high of $10.70. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 1.19 and a beta of 0.78. The company has a fifty day simple moving average of $10.04 and a 200-day simple moving average of $9.41. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.95.

SEASPAN CORP/SH SH (NYSE:SSW) last announced its quarterly earnings data on Wednesday, August 7th. The shipping company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. SEASPAN CORP/SH SH had a return on equity of 9.89% and a net margin of 40.70%. The company had revenue of $275.42 million during the quarter, compared to analyst estimates of $277.26 million. During the same quarter last year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts forecast that SEASPAN CORP/SH SH will post 0.69 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Monday, July 22nd were paid a $0.125 dividend. The ex-dividend date was Friday, July 19th. This represents a $0.50 annualized dividend and a yield of 5.00%. SEASPAN CORP/SH SH’s dividend payout ratio is currently 40.98%.

A number of hedge funds and other institutional investors have recently modified their holdings of SSW. Manchester Financial Inc. bought a new stake in shares of SEASPAN CORP/SH SH during the 2nd quarter valued at about $26,000. JPMorgan Chase & Co. boosted its position in shares of SEASPAN CORP/SH SH by 4,316.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,742 shares of the shipping company’s stock valued at $54,000 after acquiring an additional 5,612 shares during the last quarter. Joseph P. Lucia & Associates LLC bought a new stake in shares of SEASPAN CORP/SH SH during the 1st quarter valued at about $750,000. Virginia Retirement Systems ET AL bought a new stake in shares of SEASPAN CORP/SH SH during the 2nd quarter valued at about $98,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of SEASPAN CORP/SH SH during the 2nd quarter valued at about $98,000. Institutional investors and hedge funds own 45.51% of the company’s stock.

SEASPAN CORP/SH SH Company Profile

Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships under long-term, fixed-rate time charters to various container liner companies. As of February 15, 2018, it operated a fleet of 91 containerships. The company was founded in 2005 and is based in Hong Kong, Hong Kong.

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Analyst Recommendations for SEASPAN CORP/SH SH (NYSE:SSW)

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