The stocks of MATX have already earned a rating of ‘Buy’ from around six different research firms that have been working on the stocks of the firm. MarketBeat reports that one analyst has rated the company with a rating of ‘sell’, where four of them have given it a rating of ‘buy’. The target price for the company amongst analysts has been set at $54.
There have been quite a number of firms that have weighed in on the stocks of MATX. Stephens was the first one to upgrade the shares of the company from a rating of ‘equal weight’ to a rating of ‘overweight’. They also updated the objective price of the company from $45 to $70 in one of their reports that were sent out on Tuesday. ValuEngine has also cut the shares of the company from a rating of ‘hold’, to a rating of ‘sell’ in one of their reports that were sent out on the 16th of November. Sidoti has also lifted the objective price on MATX to $60, with a rating of ‘buy’.
The Quarterly Earnings of MATX
The company opened up pretty strongly on Friday at $57.96. The market cap of MATX is $2.50 billion, with a beta of 1.02, and a PE ratio of 20.41. The moving average for the company over 50-day is $56.64, whereas the moving average for the company over 200-day is $42. The debt-to-equity ratio of the company is 0.85, while the current ratio is 0.64. The year low for the company is $23.75.
MATX had previously updated its earnings result on the 2nd of November. The EPS reported by the company during this period was $1.63, which comfortably beat out the $1.58 estimates that analysts had put forward. The net margin of the company is 5.54%, whereas the return on its equity is 14.86%.