Alert: Positive Investment/Fundamental Signals (12/6/19)-Seaspan Corp (NYSE: SSW)


Extremely important positive changes in investment behavior have recently occurred for Seaspan Corp (NYSE: SSW): the stock rose on very heavy volume, and positive upside/downside volume developed.

Seaspan Corp (NYSE: SSW). Notable positive changes in fundamentals have recently occurred: the consensus estimate for December, 2020 increased significantly, and the consensus estimate for December, 2019 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

SSW’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.

Seaspan has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Seaspan has a neutral Appreciation Score of 49 but a very high Power Rating of 98, and the Highest Value Trend Rating results.

Recent Price Action

Seaspan Corp (NYSE: SSW) stock enjoyed a large increase of 3.4% on 12/6/19. The stock closed at $13.26. Moreover, trading volume in this advance was exceptionally high at 339% of normal. The stock has risen 12.5% during the last week and has been exceptionally strong relative to the market over the last nine months.

About John Lafferty 80532 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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