Analyst Rating Update on Seaspan Corporation (SSW)

Seaspan Corporation (NYSE:SSW) has an average broker rating of 3.33, which is interpreted as a Hold, as rated by 9 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Seaspan Corporation (NYSE:SSW) : 6 Wall Street analysts covering Seaspan Corporation (NYSE:SSW) believe that the average level the stock could reach for the short term is $15.5. The maximum price target given is $25 and the minimum target for short term is around $12, hence the standard deviation is calculated at $4.76.

Company shares have received an average consensus rating of Hold for the current week

Seaspan Corporation (NYSE:SSW): stock turned positive on Tuesday. Though the stock opened at $13.76, the bulls momentum made the stock top out at $13.97 level for the day. The stock recorded a low of $13.55 and closed the trading day at $13.82, in the green by 1.77%. The total traded volume for the day was 705,934. The stock had closed at $13.58 in the previous days trading.

Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters primarily pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 28, 2015, the Company operated a fleet of 77 containerships and had contracts for the purchase of an additional 13 newly-built containerships, which have scheduled delivery dates through October 2016. The Companys customers primarily include COSCON, CSCL Asia, HL USA, Hanjin, Hapag-Lloyd, K-Line, MSC, MOL, Norasia, OOCL, Maersk and Yang Ming Marine. The Companys four 4800 TEU vessels are chartered by MSC under bareboat charters, which are contracts for the use of a vessel for a fixed period of time at a specified amount. The Company also provides limited ship management services to Dennis R. Washingtons personal vessel owning companies and ship management and construction supervision services to GCI.

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