Seaspan (SSW) Receiving Somewhat Favorable Press Coverage, Accern Reports

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:

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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.

Seaspan (NYSE:SSW) last released its earnings results on Tuesday, February 27th. The shipping company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.04). The firm had revenue of $214.38 million during the quarter, compared to analyst estimates of $217.56 million. Seaspan had a net margin of 21.08% and a return on equity of 6.79%. During the same period last year, the business posted $0.21 earnings per share. research analysts predict that Seaspan will post 1.17 EPS for the current fiscal year.

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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About Seaspan

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.

Insider Buying and Selling by Quarter for Seaspan (NYSE:SSW)

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