Shares of Global Ship Lease Inc (NYSE:GSL) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price target of $16.00 for the company and are anticipating that the company will post $0.38 earnings per share for the current quarter, according to Zacks. Zacks has also given Global Ship Lease an industry rank of 149 out of 256 based on the ratings given to related companies.

Several analysts recently weighed in on GSL shares. Clarkson Capital started coverage on Global Ship Lease in a report on Tuesday, April 9th. They set a “buy” rating and a $9.00 price target for the company. ValuEngine raised Zuora from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. Finally, Zacks Investment Research raised Global Ship Lease from a “hold” rating to a “strong-buy” rating and set a $7.75 price target for the company in a report on Monday, June 3rd.

Shares of NYSE GSL traded up $0.26 during midday trading on Monday, hitting $8.14. 885 shares of the company’s stock were exchanged, compared to its average volume of 23,705. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 2.44. Global Ship Lease has a 12 month low of $4.00 and a 12 month high of $11.20. The business has a 50 day moving average of $7.30. The company has a market capitalization of $78.33 million, a price-to-earnings ratio of 4.66, a PEG ratio of 0.84 and a beta of 0.93.

Global Ship Lease (NYSE:GSL) last released its quarterly earnings results on Tuesday, May 7th. The shipping company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.06. The business had revenue of $64.51 million during the quarter. Global Ship Lease had a positive return on equity of 7.52% and a negative net margin of 28.19%. As a group, equities analysts forecast that Global Ship Lease will post 1.87 EPS for the current fiscal year.

An institutional investor recently bought a new position in Global Ship Lease stock. Clear Harbor Asset Management LLC acquired a new stake in Global Ship Lease Inc (NYSE:GSL) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 17,389 shares of the shipping company’s stock, valued at approximately $101,000. Clear Harbor Asset Management LLC owned approximately 0.17% of Global Ship Lease at the end of the most recent reporting period. 4.34% of the stock is owned by hedge funds and other institutional investors.

Global Ship Lease Company Profile

Global Ship Lease, Inc owns and charters containerships of various sizes under fixed-rate charters to container shipping companies. As of December 31, 2018, it owned 38 vessels with a total capacity of 200,615 twenty-foot equivalent units. The company is based in London, the United Kingdom.

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