Notable Price Action: Is Buying Stock Like Seaspan Corporation After Such Increase Winning Strategy?

Notable Price Action: Is Buying Stock Like Seaspan Corporation After Such Increase Winning Strategy?

The stock of Seaspan Corporation (NYSE:SSW) is a huge mover today! About 176,267 shares traded hands. Seaspan Corporation (NYSE:SSW) has declined 21.67% since March 8, 2016 and is downtrending. It has underperformed by 30.99% the S&P500.
The move comes after 7 months positive chart setup for the $1.44 billion company. It was reported on Oct, 11 by Barchart.com. We have $16.88 PT which if reached, will make NYSE:SSW worth $374.40 million more.

Analysts await Seaspan Corporation (NYSE:SSW) to report earnings on November, 7. They expect $0.30 EPS, 0.00% or $0.00 from last year’s $0.3 per share. SSW’s profit will be $32.24M for 11.17 P/E if the $0.30 EPS becomes a reality. After $0.30 actual EPS reported by Seaspan Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Seaspan Corporation (NYSE:SSW) Ratings Coverage

Out of 4 analysts covering Seaspan (NYSE:SSW), 0 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 0 are positive. Seaspan has been the topic of 5 analyst reports since September 18, 2015 according to StockzIntelligence Inc. The stock of Seaspan Corporation (NYSE:SSW) earned “Market Perform” rating by Wells Fargo on Friday, November 20. Barclays Capital downgraded Seaspan Corporation (NYSE:SSW) rating on Friday, April 1. Barclays Capital has “Underweight” rating and $14 price target. The stock of Seaspan Corporation (NYSE:SSW) has “Equal Weight” rating given on Monday, January 11 by Barclays Capital. The firm has “Hold” rating given on Friday, September 18 by BB&T Capital. As per Friday, December 18, the company rating was initiated by JP Morgan.

According to Zacks Investment Research, “Seaspan owns containerships and charters them pursuant to long-term fixed-rate charters.”

More notable recent Seaspan Corporation (NYSE:SSW) news were published by: Seekingalpha.com which released: “Seaspan Corporation – Customer Strength And Long-Term Contracted Revenues …” on October 11, 2016, also Fool.com with their article: “Seaspan Corporation in 6 Charts” published on September 23, 2016, Fool.com published: “Will Seaspan Corporation Raise Its Dividend in 2017?” on August 30, 2016. More interesting news about Seaspan Corporation (NYSE:SSW) were released by: Fool.com and their article: “Seaspan Corporation: One Risk to Watch Closely” published on June 02, 2016 as well as Fool.com‘s news article titled: “Seaspan Corporation Puts Another $100 Million in the Bank” with publication date: June 13, 2016.

SSW Company Profile

Seaspan Corporation, incorporated on May 3, 2005, is an independent charter owner and manager of containerships. The Firm charters pursuant to long-term, fixed-rate time charters with various container liner companies. The Firm operates a fleet of approximately 90 containerships. The Company’s operating vessels include YM Wish, YM Wellhead, YM Witness, COSCO Glory, MOL Emissary, MOL Efficiency, CSCL Brisbane, Jakarta Express, CSCL Manzanillo and Guayaquil Bridge.

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