Wolfe Research analyst Jacob Lacks CFA reiterated a Buy rating on Matson (MATX – Research Report) yesterday and set a price target of $115.00. The company’s shares closed yesterday at $85.36.
According to TipRanks, Lacks CFA is a 2-star analyst with an average return of -5.4% and a 0.00% success rate.
Currently, the analyst consensus on Matson is a Moderate Buy with an average price target of $105.00.
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Based on Matson’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $773.4 million and a net profit of $80.8 million. In comparison, last year the company earned a revenue of $1.26 billion and had a net profit of $380.7 million
Based on the recent corporate insider activity of 112 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.
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