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

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Global Ship Lease in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities 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 brokers have issued 12 month price objectives for Global Ship Lease's shares. Their GSL share price targets range from $25.00 to $25.00. On average, they anticipate the company's share price to reach $25.00 in the next year. This suggests a possible upside of 18.0% 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 stock has increased by 6.9% and is now trading at $21.1950. View the best growth stocks for 2024 here .

Are investors shorting Global Ship Lease?

Global Ship Lease saw a increase in short interest in 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 trading volume of 605,500 shares, the days-to-cover ratio is presently 1.9 days. Approximately 3.5% of the shares of the stock 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) posted its quarterly earnings data on Monday, March, 4th. The shipping company reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.15. The shipping company had revenue of $178.89 million for the quarter, compared to the consensus estimate 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 previous year, the business posted $2.14 earnings per share.

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. Investors of record on Thursday, February 22nd will be given a dividend of $0.375 per share on Wednesday, March 6th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date 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 before market open 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 institutional and retail investors. Top institutional shareholders 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 .

NYSE:GSL

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

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$21.20

-0.04 (-0.19%)

(As of 04/18/2024 ET)

Compare

Today's Range: $21.13
▼
$21.44
50-Day Range: $18.83
▼
$21.63
52-Week Range: $16.80
▼
$21.94

Volume: 746,218 shs
Average Volume: 657,366 shs
Market Capitalization: $745.85 million

P/E Ratio: 2.54
Dividend Yield: 7.08%
Price Target: $25.00

Get Global Ship Lease alerts:

Global Ship Lease MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 18.0% 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: 0.37
Based on 6 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.

3.03 out of 5 stars

Transportation Sector

66th out of 106 stocks

Deep Sea Foreign Transportation Of Freight Industry

16th out of 24 stocks

2.5

Analyst's Opinion

Consensus Rating
Global Ship Lease has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Global Ship Lease has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.50% of the float of Global Ship Lease has been sold short.
Short Interest Ratio / Days to Cover
Global Ship Lease has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Global Ship Lease has recently decreased by 0.87%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Global Ship Lease is a leading dividend payer. It pays a dividend yield of 6.99%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Global Ship Lease does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Global Ship Lease is 18.01%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Global Ship Lease will have a dividend payout ratio of 18.03% next year. This indicates that Global Ship Lease will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GSL.

1.9

News and Social Media Coverage

News Sentiment
Global Ship Lease has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Global Ship Lease this week, compared to 2 articles on an average week.
Search Interest
Only 19 people have searched for GSL on MarketBeat in the last 30 days. This is a decrease of -24% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Global Ship Lease to their MarketBeat watchlist in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Global Ship Lease insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 7.40% of the stock of Global Ship Lease is held by insiders.
Percentage Held by Institutions
50.08% of the stock of Global Ship Lease is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Global Ship Lease are expected to decrease by -11.49% in the coming year, from $9.40 to $8.32 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Global Ship Lease is 2.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Global Ship Lease is 2.54, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.09.
Price to Book Value per Share Ratio
Global Ship Lease has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

GSL Stock News Headlines

April 19, 2024 | americanbankingnews.com

B. Riley Equities Analysts Reduce Earnings Estimates for Global Ship Lease, Inc. (NYSE:GSL)

April 18, 2024 | finance.yahoo.com

Is Now The Time To Put Global Ship Lease (NYSE:GSL) On Your Watchlist?

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April 18, 2024 | seekingalpha.com

Global Ship Lease Stock Looks Good, But I Have Some Concerns (Rating Downgrade)

April 16, 2024 | americanbankingnews.com

Global Ship Lease (NYSE:GSL) Upgraded to "Strong-Buy" at StockNews.com

April 10, 2024 | americanbankingnews.com

Global Ship Lease (NYSE:GSL) Share Price Passes Above 200 Day Moving Average of $19.35

April 4, 2024 | msn.com

S&P/TSX composite posts small loss as U.S. stock markets turn negative mid-afternoon

April 4, 2024 | finance.yahoo.com

Those who invested in Global Ship Lease (NYSE:GSL) five years ago are up 369%

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April 3, 2024 | finance.yahoo.com

WEBINAR INVITATION | Global Ship Lease, Inc. (NYSE: GSL) Thursday, April 11, 2024 at 10:00 a.m. ET

March 25, 2024 | seekingalpha.com

Global Ship Lease: Predictable 7% Dividend, But Aging Fleet Is A Concern

March 20, 2024 | globenewswire.com

Global Ship Lease Files its Annual Report for 2023 on Form 20-F

March 6, 2024 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Industrial Goods Stocks: VAT Group AG (OtherVTTGF) and Global Ship Lease (GSL)

March 5, 2024 | finance.yahoo.com

Global Ship Lease Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

March 5, 2024 | finance.yahoo.com

Global Ship Lease, Inc. (NYSE:GSL) Q4 2023 Earnings Call Transcript

March 4, 2024 | msn.com

Global Ship Lease Inc Deposit Shs Repr Cum Red Perp Pfd Shs Series B declares $0.5469 dividend

March 4, 2024 | globenewswire.com

Global Ship Lease Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares

March 4, 2024 | finanznachrichten.de

Global Ship Lease Inc.: Global Ship Lease Reports Results for the Fourth Quarter of 2023

March 4, 2024 | markets.businessinsider.com

Why Is Global Ship Lease Stock Trading Lower Today?

March 4, 2024 | msn.com

Global Ship Lease sinks on disappointing Q4 earnings; CEO Lister to retire

March 4, 2024 | seekingalpha.com

Global Ship Lease, Inc. 2023 Q4 - Results - Earnings Call Presentation

March 4, 2024 | globenewswire.com

Global Ship Lease Reports Results for the Fourth Quarter of 2023

March 1, 2024 | finance.yahoo.com

Owning 46% shares,institutional owners seem interested in Global Ship Lease, Inc. (NYSE:GSL),

March 1, 2024 | benzinga.com

Earnings Outlook For Global Ship Lease

February 24, 2024 | finance.yahoo.com

LULU Jan 2026 530.000 put

February 22, 2024 | globenewswire.com

Global Ship Lease Announces Fourth Quarter and Full Year 2023 Earnings Release, Conference Call and Webcast

February 21, 2024 | finance.yahoo.com

Global Ship Lease (GSL) Stock Dips While Market Gains: Key Facts

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Transportation
Industry: Deep sea foreign transportation of freight
Sub-Industry: N/A
Current Symbol: NYSE:GSL
CUSIP: N/A
CIK: 1430725
Web: www.globalshiplease.com
Phone: 442039980063
Fax: 44-0-20-7869-8119
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: +17.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $8.33
Trailing P/E Ratio: 2.55
Forward P/E Ratio: 2.26
P/E Growth: N/A
Net Income: $304.50 million
Net Margins: 45.12%
Pretax Margin: 45.19%
Return on Equity: 29.87%
Return on Assets: 15.22%

Debt

Debt-to-Equity Ratio: 0.52
Current Ratio: 1.05
Quick Ratio: 1.00

Sales & Book Value

Annual Sales: $674.79 million
Price / Sales: 1.11
Cash Flow: $11.84 per share
Price / Cash Flow: 1.79
Book Value: $33.66 per share
Price / Book: 0.63

Miscellaneous

Outstanding Shares: 35,190,000
Free Float: 32,584,000
Market Cap: $746.03 million
Optionable: Optionable
Beta: 1.50

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Key Executives

Mr. Georgios Giouroukos Youroukos (Age 59)
Executive Chairman
Mr. Ian J. Webber (Age 66)
Chief Executive Officer
Mr. Thomas A. Lister (Age 54)
Chief Commercial Officer & Head of ESG
Mr. George Giannopoulos
Head of Internal Audit

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

GSL Stock Analysis - Frequently Asked Questions

Should I buy or sell Global Ship Lease stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Global Ship Lease in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities 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 brokers have issued 12 month price objectives for Global Ship Lease's shares. Their GSL share price targets range from $25.00 to $25.00. On average, they anticipate the company's share price to reach $25.00 in the next year. This suggests a possible upside of 18.0% 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 stock has increased by 6.9% and is now trading at $21.1950.
View the best growth stocks for 2024 here.
Are investors shorting Global Ship Lease?: Global Ship Lease saw a increase in short interest in 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 trading volume of 605,500 shares, the days-to-cover ratio is presently 1.9 days. Approximately 3.5% of the shares of the stock 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) posted its quarterly earnings data on Monday, March, 4th. The shipping company reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.15. The shipping company had revenue of $178.89 million for the quarter, compared to the consensus estimate 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 previous year, the business posted $2.14 earnings per share.
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. Investors of record on Thursday, February 22nd will be given a dividend of $0.375 per share on Wednesday, March 6th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date 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 before market open 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 institutional and retail investors. Top institutional shareholders 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 4/19/2024 by MarketBeat.com Staff

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

Global Ship Lease MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Global Ship Lease Stock (NYSE:GSL)

GSL Stock Price History

GSL Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

GSL Stock Analysis - Frequently Asked Questions

Overall MarketRank^™