The Latest Breaking News from Matson

PHILADELPHIA — Ominous storm clouds are forming yet again over Philly Shipyard, the commercial shipbuilding operation in the Navy Yard that taxpayers have rescued twice in the last two decades. The company’s order book is empty, and shipowners are buying few new vessels.

 

Global shipping company OceanPal (OP) has been losing momentum of late, owing to the Russia-Ukraine war and concerns about the Fed’s impending interest rate increases. However, as global shipping demand rebounds with continuing supply chain constraints, we think it could be wise to add quality shipping stocks A.P. Møller –…

Matson Inc's (NYSE:MATX) price target has been raised to $131 (an upside of 13.7%) from $98 by Stifel analyst Benjamin Nolan. The analyst maintained the Buy rating on Matson's shares. Nolan believes shifting equipment to provide the company a significant gain to its China service and greater run rate volumes reflecting higher capacity ships. Price…

Matson (NYSE:MATX) is set to give its latest quarterly earnings report on Thursday, 2022-02-17. Here's what investors need to know before the announcement. Analysts estimate that Matson will report an earnings per share (EPS) of $4.77.

With rising freight costs, the shipping industry is experiencing a slight market dip. However, demand is expected to boost the sector's performance, with consumer sentiment buoying its growth momentum. So, we think it could be wise to buy top-rated shipping stocks ZIM (ZIM) and Matson (MATX). They have a 'Strong…

Tuesday marks the last chance for investors to receive the next dividend payout from Matson (NYSE:MATX).