Can Seaspan Corporation (SSW)’s Tomorrow Be Different? The Stock Increases Again

March 14, 2018 - By Michael Collier

The stock of Seaspan Corporation (NYSE:SSW) is a huge mover today! The stock increased 13.20% or $0.73 during the last trading session, reaching $6.26. About 5.02 million shares traded or 236.28% up from the average. Seaspan Corporation (NYSE:SSW) has declined 64.89% since March 14, 2017 and is downtrending. It has underperformed by 81.59% the S&P500.
The move comes after 5 months positive chart setup for the $835.15 million company. It was reported on Mar, 14 by We have $6.82 PT which if reached, will make NYSE:SSW worth $75.16M more.

Analysts await Seaspan Corporation (NYSE:SSW) to report earnings on April, 25. They expect $0.19 EPS, up 26.67 % or $0.04 from last year’s $0.15 per share. SSW’s profit will be $25.35 million for 8.24 P/E if the $0.19 EPS becomes a reality. After $0.16 actual EPS reported by Seaspan Corporation for the previous quarter, Wall Street now forecasts 18.75 % EPS growth.

Seaspan Corporation (NYSE:SSW) Ratings Coverage

Among 12 analysts covering Seaspan (NYSE:SSW), 2 have Buy rating, 4 Sell and 6 Hold. Therefore 17% are positive. Seaspan had 17 analyst reports since September 18, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Underweight” rating in Monday, February 12 report. The company was downgraded on Monday, May 1 by Credit Suisse. As per Tuesday, May 2, the company rating was upgraded by Citigroup. The firm has “Buy” rating by Jefferies given on Monday, December 18. Seaport Global upgraded the stock to “Buy” rating in Wednesday, January 24 report. The stock of Seaspan Corporation (NYSE:SSW) has “Sell” rating given on Thursday, November 3 by Citigroup. Barclays Capital downgraded the stock to “Equal Weight” rating in Monday, January 11 report. Wells Fargo downgraded the shares of SSW in report on Friday, November 20 to “Market Perform” rating. The firm earned “Hold” rating on Friday, September 18 by BB&T Capital. The rating was initiated by JP Morgan on Friday, December 18 with “Underweight”.

More important recent Seaspan Corporation (NYSE:SSW) news were published by: which released: “Is The Storm Over For Container Shipping?” on February 27, 2018, also published article titled: “Seaspan (SSW) Acquires Greater China Intermodal Investments”, published: “Better Buy: Seaspan Corporation vs. Diana Shipping Inc” on March 12, 2018. More interesting news about Seaspan Corporation (NYSE:SSW) was released by: and their article: “Seaspan Corporation’s Earnings Continued Sinking in Q4” with publication date: February 28, 2018.

Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company has market cap of $835.15 million. The firm charters its containerships under long-term, fixed-rate time charters to various container liner companies. It has a 6.66 P/E ratio. As of May 26, 2017, it operated a fleet of 89 containerships.

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