Global Ship Lease - GSL Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Global Ship Lease in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GSL shares.
View GSL analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued 12 month price targets for Global Ship Lease's shares. Their GSL share price forecasts range from $25.00 to $38.00. On average, they predict the company's share price to reach $31.50 in the next year. This suggests a possible upside of 62.2% from the stock's current price.
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Global Ship Lease's stock was trading at $16.65 at the beginning of the year. Since then, GSL stock has increased by 16.6% and is now trading at $19.42.
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Global Ship Lease saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 2,900,000 shares, an increase of 15.5% from the December 15th total of 2,510,000 shares. Based on an average daily volume of 509,200 shares, the days-to-cover ratio is presently 5.7 days. Approximately 8.5% of the shares of the stock are sold short.
View Global Ship Lease's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our GSL earnings forecast.

Global Ship Lease, Inc. (NYSE:GSL) posted its earnings results on Wednesday, November, 9th. The shipping company reported $2.38 EPS for the quarter, beating the consensus estimate of $1.78 by $0.60. The shipping company earned $172.54 million during the quarter, compared to analyst estimates of $147.43 million. Global Ship Lease had a trailing twelve-month return on equity of 36.88% and a net margin of 45.72%.

Global Ship Lease announced a quarterly dividend on Wednesday, November 9th. Investors of record on Tuesday, November 22nd will be given a dividend of $0.375 per share on Friday, December 2nd. This represents a $1.50 annualized dividend and a yield of 7.72%. The ex-dividend date of this dividend is Monday, November 21st.
Read our dividend analysis for GSL.

Global Ship Lease (NYSE:GSL) pays an annual dividend of $1.50 per share and currently has a dividend yield of 7.74%. GSL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GSL will have a dividend payout ratio of 18.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GSL.

Global Ship Lease's stock reverse split on Monday, March 25th 2019. The 1-8 reverse split was announced on Wednesday, March 20th 2019. The number of shares owned by shareholders was adjusted after the market closes on Friday, March 22nd 2019. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Global Ship Lease investors own include Actinium Pharmaceuticals (ATNM), Energy Transfer (ET), Verastem (VSTM), Capital Product Partners (CPLP), Teekay LNG Partners (TGP), Enterprise Products Partners (EPD), Mazor Robotics (MZOR), Seanergy Maritime (SHIP), DHT (DHT) and Dorian LPG (LPG).

Global Ship Lease trades on the New York Stock Exchange (NYSE) under the ticker symbol "GSL."

Global Ship Lease's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Foundry Partners LLC (0.77%), Hall Private Wealth Advisors (0.43%), Simplex Trading LLC (0.00%), Exchange Traded Concepts LLC (0.06%), Exchange Traded Concepts LLC (0.06%) and SG Americas Securities LLC (0.05%).

Shares of GSL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GSL stock can currently be purchased for approximately $19.42.

Global Ship Lease (NYSE:GSL) has a market capitalization of $713.30 million and generates $447.95 million in revenue each year. The shipping company earns $171.49 million in net income (profit) each year or $7.71 on an earnings per share basis.

Global Ship Lease's mailing address is TRUST COMPANY COMPLEX AJELTAKE ROAD AJELTAKE ISLAND, MAJURO 1T, SW1V 1LW. The official website for the company is www.globalshiplease.com. The shipping company can be reached via phone at 442039980063, via email at info@globalshiplease.com, or via fax at 44-0-20-7869-8119.