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NYSE:GSL

Global Ship Lease (GSL) Stock Price, News & Analysis

$21.37
+0.14 (+0.66%)
(As of 12:50 PM ET)
Today's Range
$21.13
$21.44
50-Day Range
$18.83
$21.63
52-Week Range
$16.80
$21.94
Volume
126,993 shs
Average Volume
654,081 shs
Market Capitalization
$752.01 million
P/E Ratio
2.57
Dividend Yield
7.02%
Price Target
$25.00

Global Ship Lease MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
17.0% Upside
$25.00 Price Target
Short Interest
Healthy
3.50% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.37mentions of Global Ship Lease in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-11.49%
From $9.40 to $8.32 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.04 out of 5 stars

Transportation Sector

68th out of 109 stocks

Deep Sea Foreign Transportation Of Freight Industry

17th out of 25 stocks

GSL stock logo

About Global Ship Lease Stock (NYSE:GSL)

Global Ship Lease, Inc., together with its subsidiaries, engages in owning and chartering of containerships under fixed-rate charters to container shipping companies worldwide. As of March 11, 2024, it owned 68 mid-sized and smaller containerships, ranging from 2,207 to 11,040 twenty-foot equivalent unit (TEU), with an aggregate capacity of 375,406 TEU. The company was founded in 2007 and is based in Athens, Greece.

GSL Stock Price History

GSL Stock News Headlines

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Why Is Global Ship Lease Stock Trading Lower Today?
Earnings Outlook For Global Ship Lease
LULU Jan 2026 530.000 put
3 Shipping Stocks Poised to Double in 2024
See More Headlines
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Company Calendar

Ex-Dividend for 3/6 Dividend
2/21/2024
Last Earnings
3/04/2024
Dividend Payable
3/06/2024
Today
4/18/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
7
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$25.00
High Stock Price Target
$25.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+17.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$304.50 million
Pretax Margin
45.19%

Debt

Sales & Book Value

Annual Sales
$666.72 million
Cash Flow
$11.93 per share
Book Value
$33.66 per share

Miscellaneous

Free Float
N/A
Market Cap
$747.04 million
Optionable
Optionable
Beta
1.50
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GSL Stock Analysis - Frequently Asked Questions

Should I buy or sell Global Ship Lease stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Global Ship Lease in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" GSL shares.
View GSL analyst ratings
or view top-rated stocks.

What is Global Ship Lease's stock price target for 2024?

1 equities research analysts have issued 12 month price objectives for Global Ship Lease's stock. Their GSL share price targets range from $25.00 to $25.00. On average, they predict the company's share price to reach $25.00 in the next year. This suggests a possible upside of 17.0% from the stock's current price.
View analysts price targets for GSL
or view top-rated stocks among Wall Street analysts.

How have GSL shares performed in 2024?

Global Ship Lease's stock was trading at $19.82 at the start of the year. Since then, GSL shares have increased by 7.8% and is now trading at $21.37.
View the best growth stocks for 2024 here
.

Are investors shorting Global Ship Lease?

Global Ship Lease saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 1,150,000 shares, an increase of 6.5% from the February 29th total of 1,080,000 shares. Based on an average daily trading volume, of 605,500 shares, the short-interest ratio is presently 1.9 days. Currently, 3.5% of the company's shares are short sold.
View Global Ship Lease's Short Interest
.

When is Global Ship Lease's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our GSL earnings forecast
.

How were Global Ship Lease's earnings last quarter?

Global Ship Lease, Inc. (NYSE:GSL) issued its quarterly earnings data on Monday, March, 4th. The shipping company reported $2.49 EPS for the quarter, topping the consensus estimate of $2.34 by $0.15. The shipping company had revenue of $178.89 million for the quarter, compared to analysts' expectations of $171.54 million. Global Ship Lease had a trailing twelve-month return on equity of 29.87% and a net margin of 45.12%. During the same period in the prior year, the company posted $2.14 EPS.

How often does Global Ship Lease pay dividends? What is the dividend yield for Global Ship Lease?

Global Ship Lease declared a quarterly dividend on Monday, February 12th. Shareholders of record on Thursday, February 22nd will be paid a dividend of $0.375 per share on Wednesday, March 6th. This represents a $1.50 annualized dividend and a dividend yield of 7.02%. The ex-dividend date of this dividend is Wednesday, February 21st.
Read our dividend analysis for GSL
.

Is Global Ship Lease a good dividend stock?

Global Ship Lease (NYSE:GSL) pays an annual dividend of $1.50 per share and currently has a dividend yield of 6.99%. GSL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 18.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GSL will have a dividend payout ratio of 18.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GSL.

What ETFs hold Global Ship Lease's stock?

ETFs with the largest weight of Global Ship Lease (NYSE:GSL) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP).SonicShares Global Shipping ETF (BOAT).

When did Global Ship Lease's stock split?

Global Ship Lease's stock reverse split on Monday, March 25th 2019. The 1-8 reverse split was announced on Wednesday, March 20th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Friday, March 22nd 2019. An investor that had 100 shares of stock prior to the reverse split would have 13 shares after the split.

What other stocks do shareholders of Global Ship Lease own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Global Ship Lease investors own include Actinium Pharmaceuticals (ATNM), Energy Transfer (ET), Verastem (VSTM), Capital Product Partners (CPLP), Teekay LNG Partners (TGP), Enterprise Products Partners (EPD), Mazor Robotics (MZOR), Seanergy Maritime (SHIP), DHT (DHT) and Dorian LPG (LPG).

Who are Global Ship Lease's major shareholders?

Global Ship Lease's stock is owned by many different retail and institutional investors. Top institutional investors include ARGA Investment Management LP (0.17%).

How do I buy shares of Global Ship Lease?

Shares of GSL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GSL) was last updated on 4/18/2024 by MarketBeat.com Staff

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