Stifel Nicolaus analyst Benjamin Nolan maintained a Hold rating on Matson (MATX – Research Report) yesterday and set a price target of $111.00. The company’s shares closed yesterday at $109.11.
According to TipRanks, Nolan is a top 100 analyst with an average return of 19.7% and a 66.75% success rate. Nolan covers the Industrials sector, focusing on stocks such as Norfolk Southern, Union Pacific, and Canadian National Railway.
Matson has an analyst consensus of Moderate Buy, with a price target consensus of $121.50.
The company has a one-year high of $122.99 and a one-year low of $61.81. Currently, Matson has an average volume of 258.2K.
Based on the recent corporate insider activity of 101 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MATX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Matson (MATX) Company Description:
Matson, Inc. is a holding company, which engages in the provision of logistics and transportation services. It operates through the Ocean Transportation and Logistics segments. The Ocean Transportation segment offers marine freight, container stevedoring, maintenance, and terminal activities. The Logistics segment includes domestic and international rail intermodal services, regional highway brokerage, specialized hauling, expedited freight operations, supply chain management, storage, and distribution services. The company was founded in 1882 and is headquartered in Honolulu, HI.
Read More on MATX:
