Matson, Inc. (NYSE:MATX) Receives $156.25 Consensus Target Price from Analysts

Matson, Inc. (NYSE:MATX) has been given a consensus rating of “Hold” by the six analysts that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $156.25.

MATX has been the topic of several recent analyst reports. Wolfe Research reissued an “outperform” rating and set a $167.00 price objective on shares of Matson in a research note on Thursday, January 8th. Stephens lifted their price target on shares of Matson from $190.00 to $213.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Matson in a research report on Monday, December 29th.

Matson Price Performance

Matson stock opened at $164.64 on Friday. The business’s 50-day simple moving average is $143.28 and its 200 day simple moving average is $117.70. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 12.53 and a beta of 1.35. Matson has a 12-month low of $86.97 and a 12-month high of $169.20.

Matson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 5th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, February 5th. Matson’s payout ratio is 10.96%.

Institutional Trading of Matson

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of Matson by 8.3% in the first quarter. Royal Bank of Canada now owns 41,346 shares of the shipping company’s stock valued at $5,300,000 after buying an additional 3,155 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Matson by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,511 shares of the shipping company’s stock worth $2,501,000 after purchasing an additional 863 shares during the period. Millennium Management LLC increased its holdings in Matson by 7.1% during the 1st quarter. Millennium Management LLC now owns 102,629 shares of the shipping company’s stock worth $13,154,000 after purchasing an additional 6,778 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Matson in the 1st quarter valued at about $78,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Matson by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 24,459 shares of the shipping company’s stock valued at $3,135,000 after purchasing an additional 2,492 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

About Matson

Matson, Inc (NYSE: MATX) is a U.S.-based provider of ocean transportation and supply chain logistics services with a focus on Pacific trade lanes. The company operates a fleet of container ships that regularly service Hawaii, Alaska, Guam, Micronesia and other Pacific islands, as well as mainland U.S. ports. Matson’s ocean transportation segment offers scheduled liner services, expedited shipping options and specialized project cargo handling for industries ranging from retail to heavy machinery.

In addition to its core liner operations, Matson offers ocean transportation services between Asia and the U.S.