Credit Suisse Group Increases SEACOR Holdings, Inc. (CKH) Price Target to $43.00

SEACOR Holdings, Inc. (NYSE:CKH) had its target price raised by equities researchers at Credit Suisse Group from $36.00 to $43.00 in a report issued on Friday. The firm currently has a “neutral” rating on the oil and gas company’s stock. Credit Suisse Group’s price target would indicate a potential downside of 13.71% from the stock’s previous close.

A number of other analysts have also weighed in on CKH. Zacks Investment Research raised shares of SEACOR Holdings from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Friday, September 29th. Stifel Nicolaus set a $40.00 target price on shares of SEACOR Holdings and gave the stock a “buy” rating in a report on Monday, August 7th.

SEACOR Holdings (NYSE CKH) traded down $1.22 during trading on Friday, reaching $49.83. 252,961 shares of the company were exchanged, compared to its average volume of 88,894. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.98 and a current ratio of 1.99. SEACOR Holdings has a twelve month low of $31.90 and a twelve month high of $76.32.

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Large investors have recently modified their holdings of the company. SG Americas Securities LLC increased its holdings in shares of SEACOR Holdings by 6.1% in the 1st quarter. SG Americas Securities LLC now owns 2,432 shares of the oil and gas company’s stock worth $168,000 after buying an additional 140 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of SEACOR Holdings by 80.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,226 shares of the oil and gas company’s stock worth $110,000 after buying an additional 1,436 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of SEACOR Holdings by 1.7% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 3,680 shares of the oil and gas company’s stock worth $255,000 after buying an additional 60 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of SEACOR Holdings by 45.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,114 shares of the oil and gas company’s stock worth $175,000 after buying an additional 1,594 shares during the last quarter. Finally, Pacad Investment Ltd. bought a new position in shares of SEACOR Holdings in the 2nd quarter worth $185,000. 89.88% of the stock is currently owned by hedge funds and other institutional investors.

SEACOR Holdings Company Profile

SEACOR Holdings Inc, is engaged in the business of transportation and logistics, alcohol manufacturing, merchandising, and risk management consultancy. The Company’s segments include, Inland River Services, Shipping Services and Illinois Corn Processing. Inland River Services segment operates river transportation equipment used for moving agricultural and industrial commodities and petroleum and chemical products.

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