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Global Hunter Securities Starts Box Ships (TEU) at Buy; Attractive Valuation

May 22, 2012 8:55 AM EDT
Get Alerts TEU Hot Sheet
Price: $0.24 --0%

Rating Summary:
    2 Buy, 1 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 14 | New: 2
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Global Hunter Securities initiates coverage on Box Ships (NYSE: TEU) with a Buy. PT $10.00.

Analyst, Natasha Boyden, said, "We believe Box Ship's young containership fleet and high charter coverage supports a solid, but prudent, dividend payout that allows for debt amortization. The company is well positioned to grow its dividend and cash flow with additional vessel acquisitions in the future."

For an analyst ratings summary and ratings history on Box Ships click here. For more ratings news on Box Ships click here.

Shares of Box Ships closed at $7.33 yesterday.


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