Why International Shipholding (ISH) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of International Shipholding Corporation (ISH) are down -2.44% to $28.03 on Tuesday after lowering its adjusted profit target for 2014.

The maritime transportation service for commercial and governmental customers said it expects to report a first quarter net loss between $3.3 million to $3.7 million.

"This result for the quarter is primarily attributable to lower than projected results from supplemental cargoes, repositioning days in the international dry bulk segment and out-of-service days in the Jones Act fleet related to both adverse weather conditions and repairs due to a machinery casualty to one vessel," the company said.

As a result, International Shipholding is now expecting its full year 2014 EBITDA to be $60 million to $64 million.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates INTL SHIPHOLDING CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate INTL SHIPHOLDING CORP (ISH) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, increase in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

If you liked this article you might like

What To Sell: 3 Sell-Rated Dividend Stocks ISH, IEP, GZT

What To Sell: 3 Sell-Rated Dividend Stocks FLY, ERF, ISH

What To Sell: 3 Sell-Rated Dividend Stocks CCUR, SDLP, ISH

What To Sell: 3 Sell-Rated Dividend Stocks LGCY, ISH, SDLP

What To Sell: 3 Sell-Rated Dividend Stocks EARN, ISH, SDLP