Seacor (NYSE:CKH) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a $49.00 price objective on the oil and gas company’s stock. Zacks Investment Research‘s price target points to a potential upside of 17.59% from the stock’s current price.
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. “
Get Seacor alerts:Other analysts have also issued research reports about the stock. TheStreet lowered shares of Seacor from a “b-” rating to a “c+” rating in a research note on Friday, December 7th. ValuEngine raised shares of Seacor from a “sell” rating to a “hold” rating in a report on Friday, February 8th.
CKH stock traded down $0.82 during trading on Wednesday, hitting $41.67. 85,900 shares of the company’s stock traded hands, compared to its average volume of 62,673. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.07 and a quick ratio of 2.05. Seacor has a 52 week low of $34.63 and a 52 week high of $59.00. The firm has a market cap of $873.48 million, a price-to-earnings ratio of 31.33 and a beta of 0.76.
Seacor (NYSE:CKH) last released its earnings results on Wednesday, February 27th. The oil and gas company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.80). Seacor had a net margin of 16.80% and a return on equity of 3.88%. As a group, analysts expect that Seacor will post 1.65 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Seacor by 2.6% during the third quarter. Vanguard Group Inc. now owns 1,666,627 shares of the oil and gas company’s stock valued at $82,349,000 after acquiring an additional 42,815 shares during the period. Vanguard Group Inc boosted its holdings in shares of Seacor by 2.6% during the third quarter. Vanguard Group Inc now owns 1,666,627 shares of the oil and gas company’s stock valued at $82,349,000 after acquiring an additional 42,815 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Seacor by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,533,656 shares of the oil and gas company’s stock valued at $75,778,000 after acquiring an additional 11,355 shares during the period. Royce & Associates LP boosted its holdings in shares of Seacor by 7.7% during the fourth quarter. Royce & Associates LP now owns 1,420,797 shares of the oil and gas company’s stock valued at $52,569,000 after acquiring an additional 101,134 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Seacor by 12.5% during the third quarter. Renaissance Technologies LLC now owns 1,101,500 shares of the oil and gas company’s stock valued at $54,425,000 after acquiring an additional 122,800 shares during the period. 91.88% of the stock is owned by institutional investors.
Seacor Company Profile
SEACOR Holdings Inc, a diversified holding company, engages in transportation, and logistics and risk management consultancy businesses in the United States and internationally. The company's Ocean Transportation & Logistics Services segment owns and operates a diversified fleet of marine transportation, and towing and bunkering assets.
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