Seaspan Corporation (SSW) Sets 12-Month High on Jun, 29 at $10.06

June 29, 2018 - By Arnold Ferreira

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 1.09M shares volume. SSW outperformed the S&P 500 by 35.03%.

Seaspan Corporation (NYSE:SSW)’s earnings report is expected on July, 30., according to RTT. Analysts predict 35.29 % diference or $0.23 from the $0.17 EPS from 2017. This could be $31.27M profit for SSW assuming the current $0.23 earnings per share will become reality. Wall Street now predicts 76.92 % EPS growth despite Seaspan Corporation previous quarter’s EPS of $0.13.

Seaspan Corporation (NYSE:SSW) Ratings Coverage

In total 5 analysts cover Seaspan (NYSE:SSW). “Buy” rating has 3, “Sell” are 1, while 1 are “Hold”. (NYSE:SSW) has 60% bullish analysts. With $1300 highest and $5.5 lowest target, Seaspan has $9.25 average target or -8.01% below the current ($10.055) price. 8 are the (NYSE:SSW)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Thursday, April 19 the firm has “Buy” rating by Deutsche Bank given. The company rating was maintained by Morgan Stanley on Monday, March 26. On Thursday, March 15 the firm earned “Underperform” rating by Bank of America. The company rating was maintained by Citigroup on Friday, May 4. On Thursday, May 3 the stock of Seaspan Corporation (NYSE:SSW) earned “Buy” rating by Bank of America. On Monday, February 12 the company was maintained by Morgan Stanley. On Wednesday, January 24 the firm has “Buy” rating given by Seaport Global. On Friday, March 2 Bank of America maintained Seaspan Corporation (NYSE:SSW) rating. Bank of America has “Underperform” rating and $6 target.

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

Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong.The company has $1.37 billion market cap. The firm charters its containerships under long-term, fixed-rate time charters to various container liner companies.Currently it has 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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