Matson Inc. Surpasses Analyst Targets: What’s Next for Investors?
Shares of Matson Inc (Symbol: MATX) have recently traded above the average analyst 12-month target price of $152.67, currently reaching $154.89 per share. When this occurs, analysts typically have two options: they may downgrade their valuation or raise their target price. The decision often hinges on the company’s recent performance and whether positive developments warrant a higher target.
Understanding Analyst Targets
Matson Inc’s average price target is derived from three different analysts within Zacks’ coverage. While the average figure provides insight, opinions vary widely. One analyst has set a lower price target at $136.00, while another aims as high as $162.00. The standard deviation among these targets is $14.468, indicating differing views on the stock’s potential.
The Wisdom of Crowds and Investor Decisions
Focusing on the average MATX price target allows investors to gain insights from multiple experts, rather than relying on a single analyst’s forecast. With MATX exceeding the average target of $152.67 per share, investors should consider their next moves. Is this just a brief stop on the way to an even higher price, or is it time to cash in some gains? Below is a table summarizing the current ratings from analysts covering Matson Inc:
| Recent MATX Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 2 | 2 | 2 | 2 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 1 | 1 | 1 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.67 | 1.67 | 1.67 | 1.67 |
The average rating above ranges from 1 (Strong Buy) to 5 (Strong Sell). This information was compiled using data from Zacks Investment Research via Quandl.com. Interested readers can access the latest Zacks research report on MATX for free.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
