Impact of Brokerage Rating on Seaspan Corporation(SSW)

Many Seaspan Corporation(SSW) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Seaspan Corporation was Initiated by Morgan Stanley to Underweight on Feb 1, 2017.

Seaspan Corporation Last issued its quarterly earnings results on Oct 31, 2016. The company reported $0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.30. The company had revenue of $224.90 million for the quarter, compared to analysts expectations of $226.19 million. The companys revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Seaspan Corporation (NYSE:SSW) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 3.39 by 11 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 6 Brokerage Firms have advised hold. 3 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.

Seaspan Corporation (NYSE:SSW): The stock price is expected to reach $ 11.17 in the short term. The number of analysts agreeing with this consensus is 9. The higher estimate for the short term price target is at $20 while the lower estimate is at $5. The standard deviation of the price stands at $4.24.

Seaspan Corporation (NYSE:SSW) rose 4.94% or 0.38 points on Tuesday and made its way into the gainers of the day. After trading began at $7.69 the stock was seen hitting $8.135 as a peak level and $7.65 as the lowest level. The stock ended up at $8.08. The daily volume was measured at 1,483,709 shares. The 52-week high of the share price is $20 and the 52-week low is $6.62. The company has a market cap of $854 million.

Seaspan owns containerships and charters them pursuant to long-term fixed-rate charters.

Seaspan

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