Global Ship Lease Inc (NYSE: GSL) has reported earnings for its fourth fiscal quarter (ending December 31) of $1.84 versus $2.01 for the same period a year ago. For the latest four quarters through December 31, E.P.S. were $8.33 compared to $7.74 a year ago.
Recent Price Action
Global Ship Lease Inc (NYSE: GSL) stock closed at $18.81 on 3/4/24 after a large decline of -8.7%. Moreover, trading volume in this decline was exceptionally high at 494% of normal. The stock has declined -6.1% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GSL is expected to continue to be a major Value Builder.
Global Ship Lease has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Global Ship Lease has a slightly positive Power Rating of 68 and a very high Appreciation Score of 94, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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