Global Ship Lease Inc (NYSE:GSL) has been assigned 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.

Brokers have set a twelve-month consensus target price of $9.00 for the company, according to Zacks. Zacks has also assigned Global Ship Lease an industry rank of 145 out of 256 based on the ratings given to related companies.

Several equities analysts have weighed in on the company. ValuEngine raised Zuora from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. 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 research report on Monday, June 3rd. Finally, Clarkson Capital assumed coverage on Global Ship Lease in a research report on Tuesday, April 9th. They set a “buy” rating and a $9.00 price target for the company.

An institutional investor recently bought a new position in Global Ship Lease stock. Clear Harbor Asset Management LLC purchased a new stake in shares of Global Ship Lease Inc (NYSE:GSL) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,389 shares of the shipping company’s stock, valued at approximately $101,000. Clear Harbor Asset Management LLC owned 0.17% of Global Ship Lease at the end of the most recent quarter. 4.34% of the stock is owned by hedge funds and other institutional investors.

GSL stock traded down $0.10 during midday trading on Tuesday, hitting $7.70. 17,627 shares of the stock were exchanged, compared to its average volume of 24,878. The stock’s 50-day moving average is $7.66. The stock has a market capitalization of $76.55 million, a PE ratio of 4.38 and a beta of 0.93. Global Ship Lease has a fifty-two week low of $4.00 and a fifty-two week high of $11.20. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.03 and a current ratio of 1.08.

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 consensus estimate of $0.38 by $0.06. The company 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%.

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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