Global Ship Lease (NYSE:GSL - Get Free Report)'s stock had its "buy (b)" rating restated by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.
GSL has been the topic of several other research reports. Jefferies Financial Group reiterated a "buy" rating and issued a $33.00 price target on shares of Global Ship Lease in a report on Tuesday, August 5th. Wall Street Zen upgraded shares of Global Ship Lease from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $30.50.
View Our Latest Stock Analysis on Global Ship Lease
Global Ship Lease Stock Performance
GSL opened at $28.67 on Wednesday. Global Ship Lease has a 52-week low of $17.73 and a 52-week high of $33.08. The company has a quick ratio of 1.94, a current ratio of 2.01 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.03 billion, a P/E ratio of 2.66 and a beta of 1.20. The firm's 50-day moving average price is $30.64 and its 200-day moving average price is $26.50.
Global Ship Lease (NYSE:GSL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The shipping company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.52. Global Ship Lease had a net margin of 53.09% and a return on equity of 24.81%. The firm had revenue of $191.86 million for the quarter, compared to the consensus estimate of $177.98 million. As a group, equities analysts anticipate that Global Ship Lease will post 9.74 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Isthmus Partners LLC lifted its position in shares of Global Ship Lease by 0.3% during the 2nd quarter. Isthmus Partners LLC now owns 113,972 shares of the shipping company's stock valued at $2,999,000 after buying an additional 347 shares in the last quarter. Prospera Financial Services Inc lifted its position in shares of Global Ship Lease by 4.5% during the 2nd quarter. Prospera Financial Services Inc now owns 11,023 shares of the shipping company's stock valued at $290,000 after buying an additional 477 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Global Ship Lease by 6.7% during the 2nd quarter. Parallel Advisors LLC now owns 9,342 shares of the shipping company's stock valued at $246,000 after buying an additional 584 shares in the last quarter. Sigma Planning Corp lifted its position in shares of Global Ship Lease by 3.2% during the 2nd quarter. Sigma Planning Corp now owns 19,250 shares of the shipping company's stock valued at $506,000 after buying an additional 600 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in shares of Global Ship Lease by 41.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,430 shares of the shipping company's stock valued at $56,000 after buying an additional 717 shares in the last quarter. Hedge funds and other institutional investors own 50.08% of the company's stock.
About Global Ship Lease
(
Get Free Report)
Global Ship Lease, Inc, together with its subsidiaries, engages in owning and chartering of containerships under fixed-rate charters to container shipping companies worldwide. As of March 11, 2024, it owned 68 mid-sized and smaller containerships, ranging from 2,207 to 11,040 twenty-foot equivalent unit (TEU), with an aggregate capacity of 375,406 TEU.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Global Ship Lease, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global Ship Lease wasn't on the list.
While Global Ship Lease currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
