Global Ship Lease (NYSE:GSL) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Global Ship Lease (GSL) from "buy" to "hold," contributing to mixed analyst views—three Buys and two Holds—with a MarketBeat consensus of "Moderate Buy" and an average price target of $38.33.
• GSL beat expectations slightly for the quarter (EPS $2.32 vs. $2.31; revenue $190.95M vs. $188.39M), reports strong profitability (net margin 54.33%, ROE 22.35%), and trades near $37 with a low PE of 3.26.

Global Ship Lease (NYSE:GSL - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

A number of other equities analysts have also issued reports on GSL. Weiss Ratings reissued a "buy (b)" rating on shares of Global Ship Lease in a research report on Thursday, January 22nd. B. Riley Financial increased their price objective on shares of Global Ship Lease from $42.00 to $48.00 and gave the stock a "buy" rating in a research note on Friday, March 6th. Finally, Zacks Research cut shares of Global Ship Lease from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 23rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $38.33.

Global Ship Lease Stock Down 0.8%

Shares of GSL stock opened at $37.12 on Friday. The stock's 50-day simple moving average is $37.60 and its 200-day simple moving average is $34.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.14 and a current ratio of 2.04. The firm has a market capitalization of $1.33 billion, a PE ratio of 3.26 and a beta of 0.88. Global Ship Lease has a fifty-two week low of $17.73 and a fifty-two week high of $41.40.

Global Ship Lease (NYSE:GSL - Get Free Report) last released its earnings results on Friday, March 6th. The shipping company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.01. The firm had revenue of $190.95 million during the quarter, compared to the consensus estimate of $188.39 million. Global Ship Lease had a return on equity of 22.35% and a net margin of 54.33%.The company's revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts expect that Global Ship Lease will post 9.74 earnings per share for the current year.

Institutional Investors Weigh In On Global Ship Lease

Several hedge funds have recently bought and sold shares of the stock. Triumph Capital Management purchased a new position in shares of Global Ship Lease during the 3rd quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Global Ship Lease during the fourth quarter worth $29,000. EverSource Wealth Advisors LLC boosted its holdings in Global Ship Lease by 77.2% during the third quarter. EverSource Wealth Advisors LLC now owns 989 shares of the shipping company's stock worth $30,000 after buying an additional 431 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in Global Ship Lease during the fourth quarter valued at $35,000. Finally, SHP Wealth Management purchased a new position in Global Ship Lease in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 50.08% of the company's stock.

About Global Ship Lease

Global Ship Lease NYSE: GSL is a Bermuda-based containership charter owner focused on acquiring, owning and leasing modern, fuel-efficient vessels to major liner operators. Founded in 2011 and listed on the New York Stock Exchange the same year, the company’s fleet primarily comprises post-Panamax containerships designed to serve the high-volume Asia–Europe and transpacific shipping lanes. By specializing in long-term charter agreements, Global Ship Lease aims to maintain stable revenue streams and minimize spot-market volatility.

The company’s business model centers on negotiating multi-year time charters with leading global shipping lines.

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