Matson (MATX) Dips More Than Broader Markets: What You Should Know

This story originally appeared on Zacks

Matson (MATX) closed the last trading day at $87.83, up -0.76% from the previous trading session. This change delayed the S&P 500’s daily loss of 0.41%. Elsewhere, the Dow Jones lost 0.01%, while tech-heavy Nasdaq added 0.13%.

– Zacks

Heading into the day, shares of the shipping and logistics services company are up 5.82% over the past month, outpacing the transportation sector’s 2.52% gain and the S&P 500’s 2.36% gain in that time.

Matson Corporation will be looking to show strength as it approaches its next earnings release. In that report, analysts expect Mattson to report earnings of $5.98 per share. This represents an annual growth of 205.1%. Meanwhile, the Zacks Consensus revenue report expects net sales of $1.03 billion, an increase of 47.05% over the same period last year.

Investors may also note the recent changes in analyst estimates for Matson. These recent reviews tend to reflect the evolving nature of short-term business trends. As such, positive rating reviews reflect the analyst’s optimism about the company’s business and profitability.

Our research shows that these discretionary changes are directly correlated with near-term stock prices. To take advantage of this, we have developed Zacks Rank, a proprietary model that takes these discretionary changes into account and provides an actionable ranking system.

Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank system has a proven and externally audited track record of outperforming, with the #1 stock returning an average of +25% annually since 1988. In the past 30 days, it has remained The unanimous EPS drop is stagnant. Matson is currently #1 on the Zacks rating (a strong buy).

In terms of valuation, Matson is currently trading at a forward P/E ratio of 8.47. For comparison, its industry has an average forward P/E of 16.47, which means Matson is trading at a discount on the group.

The transportation-services industry is part of the transportation sector. This group has a Zacks Industry Rating of 94, placing it in the top 37% of all 250+ industries.

Zacks Industry Ranking measures the strength of our industry groups by measuring the average Zacks rating of the individual stocks within the groups. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

Zacks Names “Single Best Pick to Double”

Out of thousands of stocks, 5 experts from Zacks each chose their favorite to skyrocket +100% or more in the coming months. Of these five, Research Director Shiraz Mian chooses someone with the most explosive positive side of all.

In the words of one investor, “Cure and prevent hundreds of diseases… what should this market be worth?” This company can rival or outperform other Zacks stocks that are set to double like Boston Beer which is up +143.0% in just over 9 months and NVIDIA which is booming +175.9% in one year.

FREE: See our top stocks and 4 runner-ups >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 of the best stocks for the next 30 days. Click for this free report

Matson, Inc. (MATX): Free Stock Analysis Report

To read this article on Zacks.com click here.

.

Leave a Comment