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.

Cisco Systems INC (CSCO) Holding Maintained by Columbia Partners LLC Investment Management
Patrick Degorce decreased its stake in Bank Amer Corp (BAC) by 32.57% based on its latest 2017Q4 regulatory filing with the SEC. Another trade for 200,000 shares valued at $7.59 million was made by BARTZ CAROL on Thursday, December 14.

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.

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