Matson Inc [NYSE: MATX] stock went on a downward path that fall over -2.58% on Friday, amounting to a one-week price increase of more than 0.75%.
Over the last 12 months, MATX stock rose by 21.16%. The one-year Matson Inc stock forecast points to a potential upside of 8.56. The average equity rating for MATX stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $4.57 billion, with 33.21 million shares outstanding and 32.48 million shares in the current float. Compared to the average trading volume of 247.23K shares, MATX stock reached a trading volume of 266512 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Matson Inc [MATX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MATX shares is $150.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MATX stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Matson Inc shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on November 18, 2024. The new note on the price target was released on October 04, 2023, representing the official price target for Matson Inc stock.
The Average True Range (ATR) for Matson Inc is set at 3.71, with the Price to Sales ratio for MATX stock in the period of the last 12 months amounting to 1.38. The Price to Book ratio for the last quarter was 1.79, with the Price to Cash per share for the same quarter was set at 8.21. Price to Free Cash Flow for MATX in the course of the last twelve months was 9.70 with Quick ratio for the last quarter at 1.13.
MATX Stock Performance Analysis:
Matson Inc [MATX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.75. With this latest performance, MATX shares dropped by -5.50% in over the last four-week period, additionally plugging by 7.25% over the last 6 months – not to mention a rise of 21.16% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MATX stock in for the last two-week period is set at 42.46, with the RSI for the last a single of trading hit 41.87, and the three-weeks RSI is set at 43.58 for Matson Inc [MATX]. The present Moving Average for the last 50 days of trading for this stock 148.19, while it was recorded at 140.48 for the last single week of trading, and 131.89 for the last 200 days.
Insight into Matson Inc Fundamentals:
Matson Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.13 and a Current Ratio set at 1.13.
Matson Inc [MATX] Institutonal Ownership Details
There are presently around $86.89%, or 88.35%% of MATX stock, in the hands of institutional investors. The top three institutional holders of MATX stocks are: BLACKROCK INC. with ownership of 5.41 million shares, which is approximately 15.7224%. VANGUARD GROUP INC, holding 3.86 million shares of the stock with an approximate value of $$505.57 million in MATX stocks shares; and VANGUARD GROUP INC, currently with $$318.45 million in MATX stock with ownership which is approximately 7.0683%.
