Brokerage Firm Rating Update on Matson (MATX)

Matson (MATX) : 3 analysts are covering Matson (MATX) and their average rating on the stock is 1.67, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Matson (MATX) : Average target price received by Matson (MATX) is $49 with an expected standard deviation of $4.24. The most aggressive target on the stock is $52, whereas the most downbeat target is $46. 2 financial analysts are currently covering the stock.


For this week, the average consensus of the company shares are rated as a Strong Buy.

Matson (NYSE:MATX): The stock opened at $39.83 and touched an intraday high of $41.07 on Wednesday. During the day, the stock corrected to an intraday low of $39.795, however, the bulls stepped in and pushed the price higher to close in the green at $40.77 with a gain of 2.08% for the day. The total traded volume for the day was 382,654. The stock had closed at $39.94 in the previous trading session.

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