Press coverage about Seaspan (NYSE:SSW) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Seaspan earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news articles about the shipping company an impact score of 47.5997981307028 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s analysis:
- Stock’s Technical Analysis – Seaspan Corporation (NYSE: SSW) (stockspen.com)
- Stocks Overview: Yield10 Bioscience Inc (YTEN) and Seaspan Corp (SSW) (postregistrar.com)
- Seaspan Corporation, NYSE:SSW, SSW Protalix BioTherapeutics, Inc. (NYSE:PLX) – P/E and PEG Value Under … (nasdaqjournal.com)
- Investor’s Roundup (Volatility Analysis) – Seaspan Corporation (NYSE: SSW) (stockspen.com)
- Is Stock’s Performance Impressive? – Seaspan Corporation (NYSE: SSW) (stockspen.com)
SSW traded down $0.12 during trading on Wednesday, hitting $6.74. The company’s stock had a trading volume of 775,584 shares, compared to its average volume of 1,693,198. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.86 and a current ratio of 0.86. Seaspan has a 12 month low of $5.02 and a 12 month high of $7.91. The company has a market cap of $828.04, a price-to-earnings ratio of 10.21, a PEG ratio of 0.27 and a beta of 0.52.
Several equities analysts recently commented on SSW shares. Zacks Investment Research upgraded Seaspan from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 20th. Morgan Stanley raised their target price on Seaspan from $5.50 to $6.00 and gave the stock an “underweight” rating in a research report on Monday, February 12th. Bank of America cut their target price on Seaspan from $7.00 to $6.00 and set an “underperform” rating for the company in a research report on Friday, March 2nd. TheStreet upgraded Seaspan from a “d+” rating to a “c” rating in a research report on Friday, March 2nd. Finally, Seaport Global Securities upgraded Seaspan from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Wednesday, January 24th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $8.67.
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Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.
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