Zacks Investment Research upgraded shares of Seacor (NYSE:CKH) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning, Zacks.com reports. The firm currently has $56.00 target price on the oil and gas company’s stock.
According to Zacks, “SEACOR Holdings Inc. is a diversified holding company principally focused on domestic and international transportation, logistics, and risk management consultancy. SEACOR provides its customers with highly responsive services focused on innovative technology, modern efficient equipment, and dedicated, highly trained professionals. As the parent company of a global, diversified family of companies, SEACOR has the ability to utilize its subsidiaries’ assets to provide customers with the highest level of service within the industries in which it operates. SEACOR also maintains strategic joint venture arrangements in various geographic locations around the world, enhancing its existing business lines while satisfying specific customer requirements with resources such as logistical support, assets, and personnel. SEACOR engages in the operation of a fleet of offshore vessels in the U.S. Gulf of Mexico, the North Sea, West Africa, Asia, Latin America and other regions. “
Several other equities analysts have also commented on CKH. TheStreet lowered Seacor from a b- rating to a c+ rating in a research note on Monday, June 3rd. ValuEngine upgraded Seacor from a sell rating to a hold rating in a research note on Friday, July 19th.
Seacor stock traded up $0.15 during trading on Wednesday, hitting $47.79. The company’s stock had a trading volume of 910 shares, compared to its average volume of 68,567. The stock has a market capitalization of $883.72 million, a PE ratio of 25.97 and a beta of 0.87. The stock has a fifty day moving average price of $46.72. Seacor has a 1-year low of $34.63 and a 1-year high of $53.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.84 and a quick ratio of 1.81.
Seacor (NYSE:CKH) last released its earnings results on Wednesday, July 24th. The oil and gas company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.32. The firm had revenue of $197.02 million during the quarter, compared to analyst estimates of $214.72 million. Seacor had a return on equity of 4.71% and a net margin of 4.12%. Equities research analysts forecast that Seacor will post 1.99 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in CKH. Norges Bank acquired a new stake in Seacor during the fourth quarter worth about $8,295,000. Assenagon Asset Management S.A. increased its stake in Seacor by 188.4% during the first quarter. Assenagon Asset Management S.A. now owns 57,192 shares of the oil and gas company’s stock worth $2,418,000 after acquiring an additional 37,362 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Seacor during the second quarter worth about $1,393,000. Acadian Asset Management LLC increased its stake in Seacor by 147.6% during the first quarter. Acadian Asset Management LLC now owns 45,296 shares of the oil and gas company’s stock worth $1,915,000 after acquiring an additional 27,004 shares during the last quarter. Finally, Perennial Advisors LLC increased its stake in Seacor by 595.3% during the first quarter. Perennial Advisors LLC now owns 28,674 shares of the oil and gas company’s stock worth $1,212,000 after acquiring an additional 24,550 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.
SEACOR Holdings Inc engages in transportation and logistics, risk management consultancy, and other businesses in the United States and internationally. The company operates through Ocean Transportation & Logistics Services, Inland Transportation & Logistics Services, Witt O'Brien's, and Other segments.
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