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NYSE:MATX

Matson (MATX) Stock Price, News & Analysis

Matson logo
$139.28 +0.74 (+0.53%)
(As of 12/24/2024 04:45 PM ET)

About Matson Stock (NYSE:MATX)

Key Stats

Today's Range
$137.19
$139.28
50-Day Range
$131.18
$167.37
52-Week Range
$100.50
$169.12
Volume
77,006 shs
Average Volume
274,097 shs
Market Capitalization
$4.63 billion
P/E Ratio
11.59
Dividend Yield
0.98%
Price Target
$135.50
Consensus Rating
Hold

Company Overview

Matson, Inc., together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, food products, beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, e-commerce, and other retail merchandise. This segment also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides stevedoring, refrigerated cargo services, inland transportation, container equipment maintenance, and other terminal services to ocean carriers on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. In addition, it offers vessel management and container transshipment services. The Logistics segment provides multimodal transportation brokerage services, including domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload, and expedited freight services; less-than-container load consolidation and freight forwarding services; warehousing and distribution services; supply chain management services, and non-vessel operating common carrier freight forwarding services. It serves the U.S. military, freight forwarders, retailers, consumer goods, automobile manufacturers, and other customers. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.

Matson Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
73rd Percentile Overall Score

MATX MarketRank™: 

Matson scored higher than 73% of companies evaluated by MarketBeat, and ranked 58th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Matson has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Matson has only been the subject of 1 research reports in the past 90 days.

  • Read more about Matson's stock forecast and price target.
  • Earnings Growth

    Earnings for Matson are expected to decrease by -25.70% in the coming year, from $13.19 to $9.80 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Matson is 11.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.10.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Matson is 11.59, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 18.25.

  • Price to Book Value per Share Ratio

    Matson has a P/B Ratio of 2.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    2.51% of the float of Matson has been sold short.
  • Short Interest Ratio / Days to Cover

    Matson has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Matson has recently increased by 12.91%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Matson has a dividend yield of 0.99%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Matson has been increasing its dividend for 13 years.

  • Dividend Coverage

    The dividend payout ratio of Matson is 11.31%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Matson will have a dividend payout ratio of 13.88% next year. This indicates that Matson will be able to sustain or increase its dividend.

  • Read more about Matson's dividend.
  • Percentage of Shares Shorted

    2.51% of the float of Matson has been sold short.
  • Short Interest Ratio / Days to Cover

    Matson has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Matson has recently increased by 12.91%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Matson has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Transportation companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Matson this week, compared to 6 articles on an average week.
  • Search Interest

    4 people have searched for MATX on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Matson insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,513,455.00 in company stock.

  • Percentage Held by Insiders

    Only 2.32% of the stock of Matson is held by insiders.

  • Percentage Held by Institutions

    84.76% of the stock of Matson is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Matson's insider trading history.
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MATX Stock News Headlines

3 Reasons to Sell MATX and 1 Stock to Buy Instead
Vladimir Lenin was right…
The Magnificent 7 could be in for a world of pain… And the insiders know it. It’s why Jeff Bezos just sold $3 billion of Amazon… it’s why Nvidia’s CEO just sold $713 million... and it’s why Zuckerberg just sold $1.3 billion in Meta stock. The financial establishment doesn’t want you to know about this… but a controversial new documentary just pulled back the curtain and exposed what’s really going on. It’s called The Final Frontier.
Matson to Present at Stephens Investment Conference
Matson downgraded to Peer Perform from Outperform at Wolfe Research
Wolfe Research Downgrades Matson (MATX)
See More Headlines

MATX Stock Analysis - Frequently Asked Questions

Matson's stock was trading at $109.60 at the beginning of the year. Since then, MATX shares have increased by 27.1% and is now trading at $139.28.
View the best growth stocks for 2024 here
.

Matson, Inc. (NYSE:MATX) released its earnings results on Wednesday, October, 30th. The shipping company reported $5.89 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.91. The firm's revenue was up 16.3% compared to the same quarter last year.

Matson's top institutional investors include State Street Corp (3.91%), Pacer Advisors Inc. (2.89%), Geode Capital Management LLC (2.36%) and ArrowMark Colorado Holdings LLC (1.62%). Insiders that own company stock include Matthew J Cox, Joel M Wine, Peter T Heilmann, Thomas B Fargo, John P Lauer, Mark H Fukunaga, Vic S Angoco Jr, Rusty K Rolfe, Christopher A Scott, John Warren Sullivan, Laura L Rascon, Jenai S Wall, Grace M Cerocke, Kuuhaku T Park, Jason Lee Taylor, Richard S Kinney, Kevin L Stuck, Leonard P Isotoff, Branton B Dreyfus and Ronald J Forest.
View institutional ownership trends
.

Shares of MATX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Matson investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

Last Earnings
10/30/2024
Ex-Dividend for 12/5 Dividend
11/07/2024
Dividend Payable
12/05/2024
Today
12/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Marine
CUSIP
57686G10
CIK
3453
Employees
4,315
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$135.50
High Stock Price Target
$160.00
Low Stock Price Target
$111.00
Potential Upside/Downside
-2.7%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$297.10 million
Pretax Margin
15.83%

Debt

Sales & Book Value

Annual Sales
$3.32 billion
Cash Flow
$16.08 per share
Book Value
$68.31 per share

Miscellaneous

Free Float
32,440,000
Market Cap
$4.63 billion
Optionable
Optionable
Beta
1.04

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This page (NYSE:MATX) was last updated on 12/26/2024 by MarketBeat.com Staff
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