Global Ship Lease Stock Forecast, Price & News

Global Ship Lease's stock was trading at $4.48 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GSL shares have increased by 232.6% and is now trading at $14.90.
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1 Wall Street 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 analysts is that investors should "buy" Global Ship Lease stock.
View analyst ratings for Global Ship Lease or view MarketBeat's top 5 stock picks.

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6,978 employees have rated Global Ship Lease CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Global Ship Lease's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Global Ship Lease is scheduled to release its next quarterly earnings announcement on Thursday, March 4th 2021.
View our earnings forecast for Global Ship Lease.

Global Ship Lease, Inc. (NYSE:GSL) issued its quarterly earnings results on Tuesday, November, 10th. The shipping company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.07. The shipping company had revenue of $70.52 million for the quarter, compared to analysts' expectations of $69.25 million. Global Ship Lease had a return on equity of 11.79% and a net margin of 13.66%.
View Global Ship Lease's earnings history.

Shares of Global Ship Lease reverse split on the morning of 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 Global Ship Lease stock prior to the reverse split would have 13 shares after the split.

1 equities research analysts have issued 1-year target prices for Global Ship Lease's stock. Their forecasts range from $20.00 to $20.00. On average, they anticipate Global Ship Lease's share price to reach $20.00 in the next year. This suggests a possible upside of 34.2% from the stock's current price.
View analysts' price targets for Global Ship Lease or view Wall Street analyst' top-rated stocks.

Global Ship Lease saw a decline in short interest in December. As of December 31st, there was short interest totaling 4,000 shares, a decline of 40.3% from the December 15th total of 6,700 shares. Based on an average trading volume of 69,800 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
View Global Ship Lease's Short Interest.

Some companies that are related to Global Ship Lease include Costamare (CMRE), Pacific Basin Shipping (PCFBY), Seacor (CKH), DHT (DHT), SFL (SFL), Scorpio Tankers (STNG), Danaos (DAC), Dorian LPG (LPG), Navigator (NVGS), TORM (TRMD), Genco Shipping & Trading (GNK), Teekay (TK), Eagle Bulk Shipping (EGLE), Diana Shipping (DSX) and Scorpio Bulkers (SALT).
View all of GSL's competitors.

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."

Shares of GSL 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.

One share of GSL stock can currently be purchased for approximately $14.90.

Global Ship Lease has a market capitalization of $264.34 million and generates $261.10 million in revenue each year. The shipping company earns $39.84 million in net income (profit) each year or $1.51 on an earnings per share basis. Global Ship Lease employs 7 workers across the globe.

The official website for Global Ship Lease is www.globalshiplease.com.

Global Ship Lease's mailing address is TRUST COMPANY COMPLEX AJELTAKE ROAD AJELTAKE ISLAND, MAJURO 1T, SW1V 1LW. The shipping company can be reached via phone at 44-0-20-3998-0060 or via email at [email protected]