Matson (MATX) Receiving Somewhat Favorable News Coverage, Analysis Shows

News coverage about Matson (NYSE:MATX) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Matson earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the shipping company an impact score of 46.5646523035161 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

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Shares of Matson stock opened at $28.69 on Monday. Matson has a one year low of $21.63 and a one year high of $40.32. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $1,223.63, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 2.70 and a beta of 1.42.

Matson (NYSE:MATX) last announced its earnings results on Tuesday, February 20th. The shipping company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). Matson had a net margin of 11.33% and a return on equity of 14.40%. The business had revenue of $516.10 million for the quarter, compared to the consensus estimate of $504.61 million. During the same quarter in the previous year, the company earned $0.44 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. equities research analysts expect that Matson will post 2.12 earnings per share for the current fiscal year.

MATX has been the subject of several recent research reports. Zacks Investment Research raised Matson from a “hold” rating to a “strong-buy” rating and set a $40.00 price target for the company in a research note on Thursday, February 1st. Seaport Global Securities raised Matson from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Monday, January 29th. Stifel Nicolaus restated a “buy” rating and set a $38.00 target price (up previously from $32.00) on shares of Matson in a research report on Monday, January 29th. Wells Fargo upgraded Matson from an “underperform” rating to a “market perform” rating in a research report on Monday, January 29th. Finally, TheStreet lowered Matson from a “b” rating to a “c+” rating in a research report on Friday, March 2nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Matson currently has an average rating of “Hold” and an average target price of $34.60.

In other Matson news, Director Jeffrey N. Watanabe sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $29.37, for a total value of $102,795.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew J. Cox sold 17,715 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $30.27, for a total value of $536,233.05. Following the completion of the transaction, the chief executive officer now owns 275,617 shares in the company, valued at approximately $8,342,926.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,215 shares of company stock worth $934,628. 2.48% of the stock is owned by corporate insiders.

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About Matson

Matson, Inc provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, packaged foods and beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, and other retail merchandise.

Insider Buying and Selling by Quarter for Matson (NYSE:MATX)

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