Matson (NYSE:MATX – Get Free Report) had its target price increased by equities researchers at Stephens from $270.00 to $300.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the shipping company’s stock. Stephens‘s target price would indicate a potential upside of 41.77% from the company’s previous close.
Several other brokerages also recently issued reports on MATX. Wall Street Zen downgraded Matson from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. JPMorgan Chase & Co. boosted their price objective on Matson from $270.00 to $310.00 and gave the company an “overweight” rating in a research report on Tuesday, October 13th. Freedom Broker assumed coverage on Matson in a research note on Wednesday, September 30th. They set a “buy” rating and a $260.00 price objective for the company. Zacks Research lowered Matson from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings upgraded Matson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $259.25.
Read Our Latest Research Report on MATX
Matson Stock Performance
Shares of NYSE:MATX traded down $2.25 on Thursday, reaching $211.62. 341,543 shares of the company’s stock were exchanged, compared to its average volume of 271,578. The business’s 50-day moving average is $227.17 and its two-hundred day moving average is $194.38. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.11. Matson has a fifty-two week low of $101.98 and a fifty-two week high of $240.87. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 11.97 and a beta of 1.33.
Matson (NYSE:MATX – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The shipping company reported $6.96 earnings per share for the quarter, beating analysts’ consensus estimates of $6.27 by $0.69. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. Matson had a net margin of 13.41% and a return on equity of 16.94%. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.24 EPS. As a group, equities research analysts forecast that Matson will post 16.01 EPS for the current year.
Insiders Place Their Bets
In other Matson news, SVP John Sullivan sold 1,917 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $208.49, for a total value of $399,675.33. Following the completion of the sale, the senior vice president directly owned 7,630 shares in the company, valued at $1,590,778.70. This represents a 20.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kuuhaku T. Park sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $208.49, for a total value of $208,490.00. Following the completion of the sale, the senior vice president owned 9,984 shares of the company’s stock, valued at $2,081,564.16. This trade represents a 9.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 12,462 shares of company stock valued at $2,695,832. 2.51% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Matson
Several hedge funds have recently modified their holdings of MATX. Fisher Asset Management LLC boosted its stake in Matson by 11.8% during the third quarter. Fisher Asset Management LLC now owns 4,407 shares of the shipping company’s stock valued at $968,000 after buying an additional 466 shares in the last quarter. Maryland State Retirement & Pension System raised its position in Matson by 50.5% in the third quarter. Maryland State Retirement & Pension System now owns 6,654 shares of the shipping company’s stock worth $1,461,000 after acquiring an additional 2,232 shares in the last quarter. Lisanti Capital Growth LLC acquired a new stake in Matson in the 3rd quarter valued at about $1,516,000. Ritholtz Wealth Management lifted its holdings in Matson by 12.6% in the 3rd quarter. Ritholtz Wealth Management now owns 12,841 shares of the shipping company’s stock valued at $2,820,000 after acquiring an additional 1,433 shares during the last quarter. Finally, Keybank National Association OH lifted its holdings in Matson by 64.2% in the 3rd quarter. Keybank National Association OH now owns 3,209 shares of the shipping company’s stock valued at $705,000 after acquiring an additional 1,255 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.
More Matson News
Here are the key news stories impacting Matson this week:
- Positive Sentiment: Q3 EPS was $6.96, beating the $6.27 consensus estimate, while revenue of $1.11 billion exceeded expectations and rose 26.5% year over year. China service strength contributed to the results. Matson Q3 2026: China Service Drives an 11% EPS Beat and Bullish Q4 Outlook
- Positive Sentiment: Management expects Q4 operating income to be about 50% higher, with elevated China freight rates expected to persist into early 2027—supporting expectations for continued earnings strength. Matson expects Q4 operating income about 50% higher
- Positive Sentiment: Stephens raised its price target from $270 to $300 and maintained an Overweight rating, signaling increased analyst optimism. Stephens stock recommendations
- Neutral Sentiment: Call highlights pointed to China demand, port congestion, and e-commerce as factors supporting performance, though the reports do not explain why the stock has recently traded lower. Matson Earnings Call Highlights China Strength and Cash Flow
About Matson
Matson, Inc is a transportation and logistics company that provides ocean shipping and supply chain services. Through its Matson Navigation subsidiary, the company transports containerized and bulk cargo, automobiles and other goods between the U.S. mainland and Hawaii, Alaska, Guam, Micronesia and selected South Pacific destinations. Matson also operates services linking the U.S. West Coast with China, Japan and South Korea.
The company serves a broad range of customers, including retailers, manufacturers, wholesalers, government agencies and individual consumers.
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