Seaspan (NYSE:SSW) had its price target upped by Morgan Stanley from $5.50 to $6.00 in a report released on Monday. The brokerage currently has an underweight rating on the shipping company’s stock.

Other analysts have also issued reports about the stock. ValuEngine lowered shares of Seaspan from a buy rating to a hold rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of Seaspan from a hold rating to a sell rating in a research report on Saturday, January 6th. Seaport Global Securities raised shares of Seaspan from a neutral rating to a buy rating and set a $10.00 price target for the company in a research report on Wednesday, January 24th. Finally, Jefferies Group began coverage on shares of Seaspan in a research report on Monday, December 18th. They set a buy rating and a $20.00 price target for the company. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $8.63.

Shares of Seaspan (NYSE SSW) opened at $7.04 on Monday. Seaspan has a one year low of $5.02 and a one year high of $8.91. The firm has a market cap of $871.36, a PE ratio of 15.30, a P/E/G ratio of 1.42 and a beta of 0.51. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.57.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Monday, January 22nd were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 7.10%. The ex-dividend date of this dividend was Friday, January 19th. Seaspan’s payout ratio is 108.70%.

Several hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its position in shares of Seaspan by 3.9% during the second quarter. Wells Fargo & Company MN now owns 36,101 shares of the shipping company’s stock valued at $258,000 after buying an additional 1,339 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Seaspan by 8.6% during the second quarter. Royal Bank of Canada now owns 70,307 shares of the shipping company’s stock valued at $501,000 after buying an additional 5,577 shares during the last quarter. State Street Corp lifted its position in shares of Seaspan by 3.1% during the second quarter. State Street Corp now owns 279,189 shares of the shipping company’s stock valued at $1,994,000 after buying an additional 8,400 shares during the last quarter. Symons Capital Management Inc. lifted its position in shares of Seaspan by 16.4% during the third quarter. Symons Capital Management Inc. now owns 83,264 shares of the shipping company’s stock valued at $591,000 after buying an additional 11,714 shares during the last quarter. Finally, Advantage Investment Management LLC purchased a new stake in shares of Seaspan during the fourth quarter valued at about $103,000. 14.81% of the stock is owned by institutional investors and hedge funds.

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Seaspan Company Profile

Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.

Analyst Recommendations for Seaspan (NYSE:SSW)

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