MATSON, INC.

MATX
Delayed Quote. Delayed  - 05/13 04:10:00 pm
61.62USD +2.58%

Matson, Inc. : There is still some upside potential

04/30/2021 | 05:35am
Nicolas Aleksy
Contributor / Partner

Strategy published on : 04/30/2021 | 05:35

long trade
Stop-loss triggered

Entry price : 65.84$
Target : 77.51$
Stop-loss : 63.8$
Potential : 17.72%

Shares in Matson, Inc. show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed.
Investors have an opportunity to buy the stock and target the $ 77.51.

Summary

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Share prices are approaching a strong support area in daily data, which offers good timing for investors.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● Historically, the company has been releasing figures that are above expectations.

● The company's attractive earnings multiples are brought to light by a P/E ratio at 8.94 for the current year.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.

● For the past twelve months, EPS forecast has been revised upwards.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● The tendency within the weekly time frame is positive above the technical support level at 45.83 USD


Weaknesses

● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.

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