Analysts Swing to Diverse Views for Seaspan Corporation (SSW), Mechel PAO (MTL) – Post Analyst

This post was originally published on this site

Shares of Seaspan Corporation (NYSE:SSW) ended 2.99% higher at $7.23. Nearly 2.3 million shares were traded by the close, higher than its average daily volume of 1.22 million shares.

Seaspan Corporation (SSW) Analyst Opinion

Seaspan Corporation has a consensus hold rating from 12 Wall Street analysts, and the number of shares currently sold short amount to at least 12.91% of shares outstanding. The stock spiked 4.48% last month and is down -20.9 this year. Wall Street is only getting more bearish on the stock, with 1 of analysts who cover SSW having a buy-equivalent rating. Analysts have placed a $8.23 price target on Seaspan Corporation, suggesting a 13.83% gain from recent close. It’s currently trading about -46.88% below its 52-week high.

Seaspan Corporation Earnings Surprise

Seaspan Corporation (SSW) failed to surprise the stock market in its last reported earnings when it earned $0.17 a piece versus the consensus-estimated $0.17. Its revenue totaled $205.82 million up 2.24% from the previous quarter.

Seaspan Corporation (NYSE:SSW) Intraday View

This stock (SSW) is ahead of its 52-week low with 44.02%. Its last month’s stock price volatility remained 3.68% which for the week stands at 3.54%. The share price has moved forward from its 20 days moving average, trading at a distance of 2.61% and stays 3.64% away from its 50 days moving average. Over the last five days, shares have managed 2.41% gains and now is up 0.86% since hitting its 200-day moving average of $6.57. Seaspan Corporation (SSW) has made its way to a 12-month decline of -46.09%.

Turning to Mechel PAO (NYSE:MTL), its shares were trading at $4.94 a retreat of $-0.15, on the trading floor. So far, analysts are sticking with their bearish recommendations with the consensus call at 4.3. Mechel PAO has 0 buy ratings, 0 holds and 2 sells even after the stock tumbled -27.67% from its high of $6.83 to a $1.3 billion market value through last close.

Mechel PAO (MTL) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 4.67 to 4.67 during a month. Analysts set a 12-month price target of $3.38 a share. The target implies a -31.58% decrease from where the shares are currently trading. Also, the current price highlights a discount of -41.5% to analysts’ high consensus price target.

Mechel PAO (NYSE:MTL) Intraday Trading

The counter witnessed a trading volume of 0.35 million shares versus an average volume of 0.15 million shares during last trading session. Its last month’s stock price volatility remained 2.87% which for the week approaches 3.12%. It had faced the $2.64 52-week low. The stock recovered 87.12% since its low point and has performed -13.79% year-to-date.