Global Ship Rental (New York Stock Exchange: GSL – Get a rating) was downgraded by stock analysts TheStreet from a “b” rating to a “c+” rating in a research report released on Monday, TheStreetRatingsTable reports.
GSL has been the subject of several other reports. Zacks Investment Research downgraded Global Ship Lease from a “strong buy” rating to a “hold” rating in a research note on Wednesday. B. Riley raised his price target on Global Ship Lease shares from $33.00 to $38.00 in a Thursday, March 3 research report. To finish, StockNews.com began covering Global Ship Lease shares in a research note on Thursday, March 31. They issued a “maintaining” rating for the company. Two analysts rated the stock with a hold rating and three gave the company’s stock a buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $31.25.
Shares of GSL opened at $23.73 on Monday. The company’s 50-day moving average is $26.28 and its 200-day moving average is $24.66. The company has a debt ratio of 1.24, a current ratio of 0.59 and a quick ratio of 0.54. The company has a market capitalization of $865.20 million, a PE ratio of 5.24 and a beta of 1.73. Global Ship Lease has a fifty-two week minimum of $14.11 and a fifty-two week maximum of $30.02.
Global Ship Rental (New York Stock Exchange: GSL – Get a rating) last announced its quarterly results on Wednesday, March 2. The shipping company reported EPS of $1.84 for the quarter, beating the Zacks consensus estimate of $1.26 by $0.58. The company posted revenue of $153.53 million for the quarter, versus analyst estimates of $125.03 million. Global Ship Lease posted a net margin of 38.28% and a return on equity of 28.15%. In the same quarter of the previous year, the company had achieved EPS of $0.38. Analysts expect Global Ship Lease to post earnings per share of 7.78 for the current fiscal year.
Institutional investors have recently changed their positions in the company. Retirement Planning Co of New England Inc. acquired a new position in shares of Global Ship Lease in Q4, valued at approximately $31,000. Selective Wealth Management Inc. increased its position in Global Ship Lease by 566.7% during the first quarter. Selective Wealth Management Inc. now owns 2,000 shares of the shipping company valued at $57,000 after buying an additional 1,700 shares last quarter. Citigroup Inc. increased its stake in Global Ship Lease by 146.6% during the fourth quarter. Citigroup Inc. now owns 3,016 shares of the shipping company worth $69,000 after buying 1,793 more shares in the last quarter. Legal & General Group Plc increased its equity stake in Global Ship Lease to 992.3% in the 4th quarter. Legal & General Group Plc now owns 3,244 shares in the shipping company valued at $74,000 after buying an additional 2,947 shares last quarter. Finally, American National Bank bought a new stock position in Global Ship Lease in Q4 for $75,000. Hedge funds and other institutional investors hold 44.90% of the company’s shares.
About Global Ship Lease (Get a rating)
Global Ship Lease, Inc owns and charters container ships of various sizes on fixed rate charters to container shipping companies. As of March 10, 2022, she owned 65 medium and smaller container ships with a total capacity of 342,348 twenty-foot equivalent units. The company was founded in 2007 and is based in London, UK.
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