Shares of Global Ship Lease Inc. (NYSE:GSL) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Zacks has also assigned Global Ship Lease an industry rank of 199 out of 265 based on the ratings given to related companies.
Global Ship Lease (NYSE:GSL) opened at 1.34 on Wednesday. The stock’s 50 day moving average price is $1.55 and its 200 day moving average price is $1.56. The firm’s market capitalization is $73.65 million. Global Ship Lease has a 52-week low of $1.02 and a 52-week high of $4.28.
Global Ship Lease (NYSE:GSL) last announced its earnings results on Thursday, October 27th. The company reported ($0.49) EPS for the quarter. The company had revenue of $41.20 million for the quarter, compared to analyst estimates of $42.20 million. Global Ship Lease had a positive return on equity of 5.99% and a negative net margin of 2.69%. On average, analysts predict that Global Ship Lease will post $0.35 EPS for the current fiscal year.
An institutional investor recently raised its position in Global Ship Lease stock. Franklin Resources Inc. increased its stake in Global Ship Lease Inc. (NYSE:GSL) by 120.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 550,000 shares of the company’s stock after buying an additional 300,000 shares during the period. Franklin Resources Inc. owned about 1.00% of Global Ship Lease worth $633,000 as of its most recent filing with the SEC. 5.83% of the stock is currently owned by institutional investors.
Global Ship Lease Company Profile
Global Ship Lease, Inc is a holding company and containership charter owner. The Company’s activity consists of the ownership and chartering out of containerships. It owns a fleet of containerships with a range of sizes. Its fleet comprises over 20 containerships, with a combined capacity of over 82,310 twenty-foot equivalent unit (TEU) and a weighted average age of over 11.0 years, and a non-weighted average age of over 11.3 years.