Matson Receives a Buy from Oppenheimer

In a report released yesterday, Ian Zaffino from Oppenheimer maintained a Buy rating on Matson (NYSE: MATX). The company’s shares closed yesterday at $32.51.

According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 2.0% and a 54.5% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Peak Resorts, and Six Flags.

Matson has an analyst consensus of Moderate Buy, with a price target consensus of $42.50.

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Based on Matson’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $14.2 million. In comparison, last year the company had a net profit of $7 million.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.

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Matson, Inc. is a holding company, which engages in the provision of logistics and transportation services. It operates through two segments: Ocean Transportation and Logistics. The Ocean Transportation segment offers marine freight, container stevedoring, maintenance, and terminal activities.