GasLog (NYSE:GLOG) was downgraded by investment analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report released on Monday, MarketBeat Ratings reports. They currently have a $20.00 price objective on the shipping company’s stock. Morgan Stanley’s price target suggests a potential upside of 6.38% from the stock’s previous close. The analysts noted that the move was a valuation call.

GLOG has been the subject of a number of other reports. Zacks Investment Research upgraded GasLog from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Jefferies Group assumed coverage on GasLog in a report on Monday, December 18th. They set a “buy” rating and a $20.00 price target for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $19.00 price target on shares of GasLog in a report on Friday, November 3rd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $19.73.

GasLog (GLOG) traded up $0.40 during midday trading on Monday, reaching $18.80. The company had a trading volume of 195,604 shares, compared to its average volume of 451,417. The firm has a market capitalization of $1,483.96, a P/E ratio of 52.57 and a beta of 1.14. GasLog has a 1-year low of $12.75 and a 1-year high of $22.55. The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 1.48.

A number of institutional investors have recently modified their holdings of GLOG. Schwab Charles Investment Management Inc. grew its holdings in GasLog by 19.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 73,800 shares of the shipping company’s stock worth $1,126,000 after acquiring an additional 12,000 shares during the period. Wells Fargo & Company MN grew its holdings in GasLog by 11.2% during the 2nd quarter. Wells Fargo & Company MN now owns 195,270 shares of the shipping company’s stock worth $2,978,000 after acquiring an additional 19,715 shares during the period. Alliancebernstein L.P. boosted its position in shares of GasLog by 16.8% during the 2nd quarter. Alliancebernstein L.P. now owns 55,000 shares of the shipping company’s stock worth $839,000 after purchasing an additional 7,900 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of GasLog by 2.5% during the 2nd quarter. Teachers Advisors LLC now owns 74,734 shares of the shipping company’s stock worth $1,140,000 after purchasing an additional 1,793 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of GasLog by 15.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 286,078 shares of the shipping company’s stock worth $4,363,000 after purchasing an additional 37,579 shares in the last quarter. Hedge funds and other institutional investors own 48.11% of the company’s stock.

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About GasLog

GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.

Analyst Recommendations for GasLog (NYSE:GLOG)

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