Seaspan (SSW) Raised to Buy at Bank of America

It now has negative earnings. The recent change has given its price a 20.49% lead over SMA 50 and -2.4% deficit over its 52-week high. During the same period past year, the firm earned $0.21 EPS. The firm is expected to report its next earnings results on Wednesday, April 25th. Seaspan had 7 analyst reports since December 18, 2017 according to SRatingsIntel. Similar statistics are true for the second largest owner, Dimensional Fund Advisors Lp, which owns 1,633,313 shares of the stock are valued at $13.49 million. Zacks Investment Research's earnings per share calculations are a mean average based on a survey of analysts that cover Seaspan. Seaspan Corporation (NYSE:SSW) has risen 4.08% since May 2, 2017 and is uptrending. The company had revenue of $214.38 million during the quarter, compared to analysts' expectations of $217.56 million.

It was reported in analysts report that BofA Merrill increased SSW's stock from "Underperform" to "Buy". Bank of America upgraded Seaspan Corporation (NYSE:SSW) on Thursday, May 3 to "Buy" rating.

Total analysts of 5 have positions in Seaspan (NYSE:SSW) as follows: 3 rated it a "Buy", 2 with "Sell" and 0 with "Hold". Finally, Stifel Nicolaus reiterated a hold rating on shares of Seaspan in a research report on Thursday, March 15th. Morgan Stanley maintained Seaspan Corporation (NYSE:SSW) rating on Monday, February 12. The company now has an average rating of Hold and an average price target of $9.40.

The stock decreased 1.45% or $0.12 during the last trading session, reaching $8.14. The firm has a market cap of $950.57, a P/E ratio of 11.64, a PEG ratio of 0.33 and a beta of 0.52. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 0.86. Seaport Global upgraded Seaspan Corporation (NYSE:SSW) on Wednesday, January 24 to "Buy" rating. Stockholders of record on Friday, April 20th will be issued a $0.125 dividend.

76ers' unbending faith in Ben Simmons may have buried them
Philadelphia has to regroup in a hurry and Brett Brown has to get his team to put their Game 2 meltdown in the rear view mirror. Though, he's not out here to give a ton of credit to the Celtics' No. 1-ranked defense for his disastrous Game 2 performance.

More news for TELUS Corporation (TSE:T) were recently published by: Finance.Yahoo.com, which released: "Why TELUS Corporation (TSE:T) Is A Dividend Rockstar" on April 21, 2018. This represents a $0.50 dividend on an annualized basis and a yield of 6.11%. Seaspan's dividend payout ratio (DPR) is presently 75.76%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its holdings in shares of Seaspan by 679.2% in the first quarter. Wells Fargo & Company MN now owns 47,289 shares of the shipping company's stock worth $319,000 after buying an additional 7,690 shares during the period.

The company now has an insider ownership of 51.31 Percent and Institutional ownership of 15 Percent. Schwab Charles Investment Management Inc. boosted its stake in Seaspan by 104.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 74,295 shares of the shipping company's stock valued at $501,000 after buying an additional 37,500 shares in the last quarter. Finally, Silver Capital Management LLC acquired a new position in Seaspan during the fourth quarter valued at approximately $500,000.

Related News:



Most liked

Tina Fey Tears Up Talking About Her Parents With David Letterman
During a recent appearance on David Letterman's new Netflix show, My Next Guest Needs No Introduction , Tina Fey admitted some regrets about her SNL sketch the week of Charlottesville .

FNY Managed Accounts LLC Reduces Position in Apple (AAPL)
Atlantic Securities restated a "neutral" rating and issued a $185.00 price target on shares of Apple in a report on Wednesday. The firm has "Buy" rating given on Wednesday, January 27 by Stifel Nicolaus. 0 analysts gave its stock an Outperform rating.

Nigeria, China Sign $2.5bn Currency Swap Agreement
Both the Nigerian and Chinese officials were delighted at the conclusion and signing of the agreement. The post Nigeria, China in $2.5b currency swap deal appeared first on The Nation Nigeria .

Climate activists raising money to carve Trump's face into glacier
He posted the tweet during a period of record-breaking low temperatures across the eastern United States during winter 2017. The glacial art project, spearheaded by the Finland-based group Melting Ice, has been dubbed " Project Trumpmore ".

Settling the difference: N. Korea realigns clocks with Seoul
The White House talks come ahead of the first-ever U.S. "Keep tuned, I feel you're going to be seeing very excellent issues". The US president will discuss preparations for the summit when he hosts Moon on May 22.

China will continue to 'hold high the great banner of Marxism': Xi
The state broadcaster has been carrying a five-part education show titled " Marx is Right ". He has repeatedly urged party members to "go back to the roots of Marxism".

Mantain Iran deal or risk war, UN chief warns Trump
In a message posted on YouTube, Mohammad Javad Zarif said Tehran would also be prepared to reject any ratification of the deal. He also noted that there was no reason for Iran to pull out of the nuclear pact as it was fully committed to its obligations.

Lars Lagerback sends goodwill message to Eagles ahead of World Cup
Super Eagles group D World Cup opponents Argentina are ranked 7th overall, Croatia 8th, while Iceland are behind the Super Eagles , ranked 23rd.

Analysts Estimates And Ratings Exxon Mobil Corporation (XOM)
Woodley Farra Manion Portfolio Management Inc increased Exxon Mobil Corp (XOM) stake by 9.61% reported in 2017Q4 SEC filing. Bridges stated it has 0.63% in Exxon Mobil Corporation (NYSE:XOM). (NYSE:ANET) on Friday, November 3 with "Buy" rating.

Oil hits highest since Nov. 2014 as Iran tensions mount
The president of Prestige Economics, Jason Schenker has always maintained that the Chinese economy is the one to watch. US West Texas Intermediate crude futures were trading 1 cent lower at $68.42 per barrel early on Friday.

Partners Group Holding Ag Continues to Hold Stake in Enbridge INC (ENB)
The stock is now moving below its 20-Day Simple Moving Average of -3.12% with a 50-Day Simple Moving Average of -4.57 percent. Therefore 73% are positive. 4 are the (NYSE:ENB)'s ratings reports on 2 May 2018 according to StockzIntelligence Inc.

Paul Casey two off the lead at Wells Fargo Championship
Woods three-putted twice for bogey, including the par-3 sixth hole when he had a downhill birdie chance from about 18 feet. The tie for 48th is Woods' worst position through 36 holes in his last five tournaments dating to a missed cut at Riviera.

Lockheed Martin Corp (LMT) Stake Decreased by State Street Corp
News articles about Lockheed Martin ( NYSE : LMT ) have been trending positive this week, according to Accern Sentiment Analysis. Putnam FL Investment Management Co.'s holdings in Lockheed Martin were worth $4,923,000 at the end of the most recent quarter.

Emma Watson backs Kathua rape victim's lawyer Deepika Singh Rajwat
Deepika recently told the media that she will be moving the Supreme Court to demand protection for her and the victim's family. There are 221 witnesses and it will be hard for them to travel to Chandigarh around 265 km from Kathua for court hearings.

Severe Thunderstorm Watch issued for parts of the state
However as we head into the evening, a cold front will track through the region and bring a brief window for severe weather . Parts of Iowa and Missouri will be under the gun again, with an enhanced risk for severe storms Thursday afternoon.