SEASPAN CORP/SH SH (NYSE:SSW) Receives Coverage Optimism Rating of 1.00

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Media stories about SEASPAN CORP/SH SH (NYSE:SSW) have been trending somewhat positive recently, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. SEASPAN CORP/SH SH earned a media sentiment score of 1.00 on their scale. InfoTrie also assigned headlines about the shipping company an news buzz score of 0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have effected SEASPAN CORP/SH SH’s ranking:

Shares of SEASPAN CORP/SH SH stock traded up $0.22 on Friday, hitting $10.99. 661,455 shares of the company traded hands, compared to its average volume of 585,992. The company has a market cap of $2.32 billion, a PE ratio of 9.01, a PEG ratio of 1.14 and a beta of 0.77. SEASPAN CORP/SH SH has a 12-month low of $7.35 and a 12-month high of $11.75. The company has a 50-day moving average price of $10.98 and a 200 day moving average price of $10.28. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.25.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Monday, October 21st were paid a dividend of $0.125 per share. The ex-dividend date was Friday, October 18th. This represents a $0.50 annualized dividend and a dividend yield of 4.55%. SEASPAN CORP/SH SH’s dividend payout ratio (DPR) is currently 40.98%.

A number of equities research analysts recently weighed in on SSW shares. Zacks Investment Research raised SEASPAN CORP/SH SH from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Wednesday, October 9th. ValuEngine raised SEASPAN CORP/SH SH from a “sell” rating to a “hold” rating in a research note on Friday, October 11th. Finally, BMO Capital Markets began coverage on SEASPAN CORP/SH SH in a report on Wednesday, August 14th. They issued a “market perform” rating and a $10.50 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.13.

SEASPAN CORP/SH SH Company Profile

Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships under long-term, fixed-rate time charters to various container liner companies. As of February 15, 2018, it operated a fleet of 91 containerships. The company was founded in 2005 and is based in Hong Kong, Hong Kong.

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