Seaspan Corporation (SSW) Reached 52-Week High at $10.06 on Jun, 29

June 29, 2018 - By Gregory Tomko

Seaspan Corporation (NYSE:SSW) having $10.06 stock price and $10.86 PT hit 52 week high. Barchart.com published the 52 week high on Jun, 29. The company has $1.37 billion MC. The valuation of NYSE:SSW can change by $109.36M if our $10.86 PT is hit.

The stock increased 3.34% or $0.325 during the last trading session, reaching $10.055.Currently Seaspan Corporation is uptrending after 47.60% change in last June 29, 2017. SSW has 1.09 million shares volume. SSW outperformed by 35.03% the S&P 500.

Investors expect Seaspan Corporation (NYSE:SSW)’s quarterly earnings on July, 30., as reported by RTT. Analysts have anticipation on stock’s earnings per share of $0.23. That’s up 35.29 % from last year’s $0.17 earnings per share. If $0.23 is reported, SSW’s profit will reach $31.27 million for 10.93 P/E. After $0.13 earnings per share was announced last quarter, analysts now see EPS growth of 76.92 % for Seaspan Corporation.

Seaspan Corporation (NYSE:SSW) Ratings Coverage

Total analysts of 5 have positions in Seaspan (NYSE:SSW) as follows: 3 rated it a “Buy”, 1 with “Sell” and 1 with “Hold”. The positive are 60%. The firm has $1300 highest while $5.5 is the lowest target price. The average target $9.25 is -8.01% below the last ($10.055) price. Since January 24, 2018 according to StockzIntelligence Inc Seaspan has 8 analyst reports. On Monday, March 26 Morgan Stanley maintained the shares of SSW in report with “Underweight” rating. In Friday, March 2 report Bank of America maintained it with “Underperform” rating and $6 target. On Friday, May 4 the firm has “Neutral” rating given by Citigroup. The company rating was upgraded by Deutsche Bank on Thursday, April 19. On Wednesday, January 24 the rating was upgraded by Seaport Global to “Buy”. On Thursday, March 15 Bank of America maintained Seaspan Corporation (NYSE:SSW) with “Underperform” rating. The company rating was upgraded by Bank of America on Thursday, May 3. In Monday, February 12 report Morgan Stanley maintained it with “Underweight” rating and $6 target.

More recent Seaspan Corporation (NYSE:SSW) news were published by Fool.com, Schaeffersresearch.com and Streetinsider.com. The first one has “Better Shipping Stock to Buy: Seaspan Corporation vs. Diana Shipping” as a title and was published on June 17, 2018. The next is “Option Premiums Attractive On Hong Kong Shipping Stock” on June 25, 2018. And last was published on May 31, 2018, called “Seaspan (SSW) Says Fairfax Financial Invested Additional $500 Million”.

Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong.The firm is valued at $1.37 billion. The firm charters its containerships under long-term, fixed-rate time charters to various container liner companies.Last it reported negative earnings. As of May 26, 2017, it operated a fleet of 89 containerships.

Seaspan Corporation (NYSE:SSW) Analyst Ratings Chart

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