Matson traded at $179.88 this Friday May 15th, decreasing $2.37 or 1.30 percent since the previous trading session. Looking back, over the last four weeks, Matson lost 3.01 percent. Over the last 12 months, its price rose by 56.46 percent. Looking ahead, we forecast Matson to be priced at 176.26 by the end of this quarter and at 165.85 in one year, according to Trading Economics global macro models projections and analysts expectations.
Matson, Inc. is a holding company, which provides ocean transportation and logistics services. The Company operates through two segments: Ocean Transportation and Logistics. The Ocean Transportation business is conducted through the Company's subsidiary, Matson Navigation Company, Inc. (MatNav), which 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 two 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 to Asia. The Logistics business is conducted through MatNav's subsidiary, Matson Logistics, Inc. (Matson Logistics), which provides multimodal transportation brokerage of domestic and international rail intermodal services, long-haul and regional highway trucking services, and flat-bed and project services.