S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
NYSE:GSL

Global Ship Lease - GSL Stock Forecast, Price & News

$19.62
+0.53 (+2.78%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$19.29
$20.03
50-Day Range
$15.19
$23.48
52-Week Range
$14.62
$30.02
Volume
914,384 shs
Average Volume
761,312 shs
Market Capitalization
$715.35 million
P/E Ratio
2.80
Dividend Yield
7.65%
Price Target
$31.50

Global Ship Lease MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
60.6% Upside
$31.50 Price Target
Short Interest
Healthy
7.54% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.78mentions of Global Ship Lease in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.47%
From $7.23 to $7.77 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.94 out of 5 stars

Transportation Sector

7th out of 153 stocks

Deep Sea Foreign Transportation Of Freight Industry

4th out of 41 stocks

GSL stock logo

About Global Ship Lease (NYSE:GSL) Stock

Global Ship Lease, Inc. owns and charters containerships of various sizes under fixed-rate charters to container shipping companies. As of March 10, 2022, it owned 65 mid-sized and smaller containerships with an aggregate capacity of 342,348 twenty-foot equivalent units. The company was founded in 2007 and is based in London, the United Kingdom.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GSL shares. Jefferies Financial Group lifted their price target on shares of Global Ship Lease from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday. StockNews.com downgraded shares of Global Ship Lease from a "buy" rating to a "hold" rating in a research note on Thursday, July 21st. Finally, TheStreet downgraded shares of Global Ship Lease from a "b" rating to a "c+" rating in a research note on Monday, May 2nd.

Global Ship Lease Price Performance

Shares of NYSE:GSL traded up $0.53 on Friday, hitting $19.62. The stock had a trading volume of 914,384 shares, compared to its average volume of 761,312. Global Ship Lease has a twelve month low of $14.62 and a twelve month high of $30.02. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.61 and a current ratio of 0.65. The firm's 50 day moving average price is $18.46 and its 200-day moving average price is $22.94. The company has a market capitalization of $715.35 million, a price-to-earnings ratio of 2.80 and a beta of 1.78.

Global Ship Lease (NYSE:GSL - Get Rating) last issued its earnings results on Monday, May 9th. The shipping company reported $1.91 EPS for the quarter, meeting the consensus estimate of $1.91. Global Ship Lease had a net margin of 43.86% and a return on equity of 37.98%. The company had revenue of $153.63 million for the quarter, compared to the consensus estimate of $148.40 million. During the same quarter in the previous year, the company earned $0.55 EPS. On average, equities research analysts predict that Global Ship Lease will post 7.23 earnings per share for the current year.

Global Ship Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Tuesday, August 23rd will be issued a $0.375 dividend. The ex-dividend date is Monday, August 22nd. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.65%. Global Ship Lease's dividend payout ratio is 21.43%.

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GSL Stock News Headlines

Global Ship Lease Shares Slip After Q2 Results
Global Ship Lease: Betting Big On Shipping
Global Ship Lease (GSL)
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GSL Company Calendar

Last Earnings
5/09/2022
Ex-Dividend for 6/2 Dividend
5/23/2022
Dividend Payable
6/02/2022
Today
8/07/2022
Ex-Dividend for 9/2 Dividend
8/22/2022
Dividend Payable
9/02/2022
Next Earnings (Estimated)
11/09/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
7
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$31.50
High Stock Price Forecast
$38.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+60.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$171.49 million
Pretax Margin
45.11%

Debt

Sales & Book Value

Annual Sales
$447.95 million
Cash Flow
$5.80 per share
Book Value
$19.54 per share

Miscellaneous

Free Float
N/A
Market Cap
$715.35 million
Optionable
Optionable
Beta
1.78














GSL Stock - Frequently Asked Questions

Should I buy or sell Global Ship Lease stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Global Ship Lease in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Global Ship Lease stock.
View analyst ratings for Global Ship Lease
or view top-rated stocks.

What is Global Ship Lease's stock price forecast for 2022?

2 brokers have issued 12-month target prices for Global Ship Lease's stock. Their GSL stock forecasts range from $25.00 to $38.00. On average, they predict Global Ship Lease's share price to reach $31.50 in the next year. This suggests a possible upside of 60.6% from the stock's current price.
View analysts' price targets for Global Ship Lease
or view top-rated stocks among Wall Street analysts.

How has Global Ship Lease's stock performed in 2022?

Global Ship Lease's stock was trading at $22.91 on January 1st, 2022. Since then, GSL stock has decreased by 14.4% and is now trading at $19.62.
View the best growth stocks for 2022 here
.

Are investors shorting Global Ship Lease?

Global Ship Lease saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 2,750,000 shares, an increase of 19.0% from the June 30th total of 2,310,000 shares. Based on an average daily trading volume, of 902,100 shares, the days-to-cover ratio is currently 3.0 days.
View Global Ship Lease's Short Interest
.

When is Global Ship Lease's next earnings date?

Global Ship Lease is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
View our earnings forecast for Global Ship Lease
.

How were Global Ship Lease's earnings last quarter?

Global Ship Lease, Inc. (NYSE:GSL) released its quarterly earnings data on Monday, May, 9th. The shipping company reported $1.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.91. The shipping company had revenue of $153.63 million for the quarter, compared to the consensus estimate of $148.40 million. Global Ship Lease had a trailing twelve-month return on equity of 37.98% and a net margin of 43.86%. During the same period in the prior year, the firm posted $0.55 EPS.

How often does Global Ship Lease pay dividends? What is the dividend yield for Global Ship Lease?

Global Ship Lease announced a quarterly dividend on Friday, August 5th. Shareholders of record on Tuesday, August 23rd will be given a dividend of $0.375 per share on Friday, September 2nd. This represents a $1.50 annualized dividend and a dividend yield of 7.65%. The ex-dividend date of this dividend is Monday, August 22nd.
View Global Ship Lease's dividend history
.

Is Global Ship Lease a good dividend stock?

Global Ship Lease(NYSE:GSL) pays an annual dividend of $1.50 per share and currently has a dividend yield of 7.65%. GSL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Global Ship Lease does not yet have a strong track record of dividend growth. The dividend payout ratio of Global Ship Lease is 21.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Global Ship Lease will have a dividend payout ratio of 19.31% next year. This indicates that Global Ship Lease will be able to sustain or increase its dividend.
View Global Ship Lease's dividend history.

When did Global Ship Lease's stock split? How did Global Ship Lease's stock split work?

Global Ship Lease shares reverse split before market open 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 closing bell 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.

What other stocks do shareholders of Global Ship Lease own?

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).

What is Global Ship Lease's stock symbol?

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

Who are Global Ship Lease's major shareholders?

Global Ship Lease's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Foundry Partners LLC (0.63%), Hall Private Wealth Advisors (0.42%), Commonwealth Equity Services LLC (0.24%), CHURCHILL MANAGEMENT Corp (0.22%), Seven Eight Capital LP (0.20%) and Cambridge Investment Research Advisors Inc. (0.09%).

How do I buy shares of Global Ship Lease?

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.
Compare Top Brokerages Here.

What is Global Ship Lease's stock price today?

One share of GSL stock can currently be purchased for approximately $19.62.

How much money does Global Ship Lease make?

Global Ship Lease (NYSE:GSL) has a market capitalization of $715.35 million and generates $447.95 million in revenue each year. The shipping company earns $171.49 million in net income (profit) each year or $7.00 on an earnings per share basis.

How many employees does Global Ship Lease have?

Global Ship Lease employs 7 workers across the globe.

How can I contact Global Ship Lease?

Global Ship Lease's mailing address is TRUST COMPANY COMPLEX AJELTAKE ROAD AJELTAKE ISLAND, MAJURO 1T, SW1V 1LW. The official website for Global Ship Lease 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.

This page (NYSE:GSL) was last updated on 8/7/2022 by MarketBeat.com Staff

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