Research Analysts Set Seaspan Corporation (NYSE:SSW) Price Target at $12.5

Seaspan Corporation (NYSE:SSW) has been analysed and allotted ratings by 8 brokerage firms over a period of 12 months. These Wall Street analysts have reached a mean target price of $12.5 for the company.

Researchers estimate that its earnings per share will be $0.21. The figure is reached by calculating the mean of the earnings predictions of every brokerage sell-side researcher for the firm. Seaspan Corporation (NYSE:SSW) will come out with its quarterly earnings issue on 2017-03-06, though the date is still tentative. The company reported $0.29 as earnings for the quarter that ended on 2016-09-30. The arithmetical mean was calculated from 8 analysts ratings; the company received from brokerage researchers that covered it and a mean rating of $3.5 was arrived at.

The rating figure can range from 1 to 5, where a company scoring 1 is considered a Strong Buy whereas 5 is a Strong Sell. Out of all the 8 analysts that researched Seaspan Corporation, the best estimate pegs its stock price reaching a high of $20 within the coming year whereas the lowest estimate for the same period is $10. Researchers calculated the estimated earnings per share for Seaspan Corporation through the current year and the mean EPS target reached is $0.94.

For the same period, the earnings per share estimate ranges from a low of $0.66 to a high of $1.22. 2 researchers gave long term estimates for the earning per share of the company over a period of three to five years and have projected that the EPS will grow at a rate of 14.62%.

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