Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Matson Inc before investing.

In this article, we go over a few key elements for understanding Matson Inc’s stock price such as:

• Matson Inc’s current stock price and volume
• Why Matson Inc’s stock price changed recently
• Upgrades and downgrades for MATX from analysts
• MATX’s stock price momentum as measured by its relative strength

About Matson Inc (MATX)

Before we jump into Matson Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Matson, Inc. is a holding company that provides ocean transportation and logistics services. The Company's segments include Ocean Transportation and Logistics. The Ocean Transportation business is conducted through Matson Navigation Company, Inc. (MatNav), a wholly owned subsidiary of the Company. MatNav provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia. MatNav also operates expedited services from China to Long Beach, California, and provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Dutch Harbor, Alaska to Asia. The logistics business is conducted through Matson Logistics, Inc. (Matson Logistics), a wholly owned subsidiary of MatNav. Matson Logistics provides a variety of logistics services to its customers, such as transportation brokerage services, freight forwarding services, and others.

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Matson Inc’s Stock Price as of Market Close

As of February 16, 2024, 4:00 PM, CST, Matson Inc’s stock price was $117.02.

Matson Inc is down 4.32% from its previous closing price of $122.30.

During the last market session, Matson Inc’s stock traded between $120.65 and $122.99. Currently, there are 35.10 million shares of Matson Inc stock available for purchase.

Matson Inc’s price-earnings (P/E) ratio is currently at 14.1, which is high compared to the Freight & Logistics - Marine industry median of 6.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Matson Inc Stock Price History

Matson Inc’s (MATX) price is currently up 4.45% so far this month.

During the month of February, Matson Inc’s stock price has reached a high of $122.99 and a low of $109.62.

Over the last year, Matson Inc has hit prices as high as $122.99 and as low as $56.51. Year to date, Matson Inc’s stock is up 87.2%.

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What Caused Matson Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 15, 2024, there were 0 analysts who downgraded Matson Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Matson Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Matson Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Matson Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Matson Inc (MATX) by visiting AAII Stock Evaluator.

Relative Price Strength of Matson Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 15, 2024, Matson Inc has a weighted four-quarter relative price strength of 11.14%, which translates to a Momentum Score of 88 and is considered to be Very Strong.

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Matson Inc Stock Price: Bottom Line

As of February 16, 2024, Matson Inc’s stock price is $117.02, which is down 4.32% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Matson Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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