The stock of Seaspan Corporation (NYSE:SSW) is a huge mover today! About 605,196 shares traded hands. Seaspan Corporation (NYSE:SSW) has declined 46.06% since April 14, 2016 and is downtrending. It has underperformed by 50.74% the S&P500.
The move comes after 8 months positive chart setup for the $1.10B company. It was reported on Nov, 16 by Barchart.com. We have $16.29 PT which if reached, will make NYSE:SSW worth $660.00 million more.
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. Barclays Capital downgraded Seaspan Corporation (NYSE:SSW) on Friday, April 1 to “Underweight” rating. The firm has “Hold” rating given on Friday, September 18 by BB&T Capital. The rating was downgraded by Citigroup on Thursday, November 3 to “Sell”. The stock of Seaspan Corporation (NYSE:SSW) has “Market Perform” rating given on Friday, November 20 by Wells Fargo. The rating was downgraded by Barclays Capital on Monday, January 11 to “Equal Weight”. JP Morgan initiated Seaspan Corporation (NYSE:SSW) on Friday, December 18 with “Underweight” rating.
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: Fool.com which released: “Seaspan Corporation Grapples With Overbuilt Cargo Fleets” on November 14, 2016, also Fool.com with their article: “Seaspan Corporation’s Earnings Stay Afloat Despite Customer Bankruptcy” published on November 01, 2016, Fool.com published: “Seaspan Corporation in 6 Charts” on September 23, 2016. More interesting news about Seaspan Corporation (NYSE:SSW) were released by: Fool.com and their article: “Better Buy: Seaspan Corporation vs. Navios Maritime Midstream Partners LP” published on October 19, 2016 as well as Fool.com‘s news article titled: “Seaspan Corporation: One Risk to Watch Closely” with publication date: June 02, 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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