Price Change to Note: Seaspan Corporation Declines Again; Strong Momentum for Sellers

Price Change to Note: Seaspan Corporation Declines Again; Strong Momentum for Sellers

The stock of Seaspan Corporation (NYSE:SSW) is a huge mover today! The stock decreased 4.79% or $0.49 during the last trading session, hitting $9.73. About 1.22M shares traded hands or 153.21% up from the average. Seaspan Corporation (NYSE:SSW) has declined 42.03% since April 4, 2016 and is downtrending. It has underperformed by 43.12% the S&P500.
The move comes after 7 months negative chart setup for the $1.03 billion company. It was reported on Nov, 4 by We have $9.05 PT which if reached, will make NYSE:SSW worth $72.10 million less.

Analysts await Seaspan Corporation (NYSE:SSW) to report earnings on November, 7. They expect $0.30 earnings per share, 0.00% or $0.00 from last year’s $0.3 per share. SSW’s profit will be $31.76M for 8.11 P/E if the $0.30 EPS becomes a reality. After $0.30 actual earnings per share reported by Seaspan Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Seaspan Corporation (NYSE:SSW) Ratings Coverage

Out of 5 analysts covering Seaspan (NYSE:SSW), 0 rate it a “Buy”, 3 “Sell”, while 2 “Hold”. This means 0 are positive. Seaspan has been the topic of 6 analyst reports since September 18, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, September 18 by BB&T Capital. The stock of Seaspan Corporation (NYSE:SSW) earned “Equal Weight” rating by Barclays Capital on Monday, January 11. The rating was downgraded by Citigroup on Thursday, November 3 to “Sell”. The firm has “Underweight” rating given on Friday, December 18 by JP Morgan. The stock has “Market Perform” rating given by Wells Fargo on Friday, November 20. The stock of Seaspan Corporation (NYSE:SSW) has “Underweight” rating given on Friday, April 1 by Barclays Capital.

According to Zacks Investment Research, “Seaspan owns containerships and charters them pursuant to long-term fixed-rate charters.”

More notable recent Seaspan Corporation (NYSE:SSW) news were published by: which released: “Seaspan Corporation’s Earnings Stay Afloat Despite Customer Bankruptcy” on November 01, 2016, also with their article: “Seaspan Corporation in 6 Charts” published on September 23, 2016, published: “Better Buy: Seaspan Corporation vs. Navios Maritime Midstream Partners LP” on October 19, 2016. More interesting news about Seaspan Corporation (NYSE:SSW) were released by: and their article: “Seaspan Corporation: One Risk to Watch Closely” published on June 02, 2016 as well as‘s news article titled: “Will Seaspan Corporation Raise Its Dividend in 2017?” with publication date: August 30, 2016.

SSW Company Profile

Seaspan Corporation, incorporated on May 3, 2005, is an independent charter owner and manager of containerships. The Firm charters pursuant to long-term, fixed-rate time charters with various container liner companies. The Firm operates a fleet of approximately 90 containerships. The Company’s operating vessels include YM Wish, YM Wellhead, YM Witness, COSCO Glory, MOL Emissary, MOL Efficiency, CSCL Brisbane, Jakarta Express, CSCL Manzanillo and Guayaquil Bridge.

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