Global Ship Lease Inc (NYSE: GSL) has reported E.P.S. of $2.54 for its first fiscal quarter (ending March 31) versus $2.02 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $8.85 compared to $7.94 a year ago.
Recent Price Action
Global Ship Lease Inc (NYSE: GSL) stock enjoyed a very large increase of 6.0% on 5/16/24. The shares closed at $26.35. Moreover, this advance was accompanied by unusually high trading volume at 181% of normal. The stock has been strong relative to the market over the last nine months and has risen 11.5% during the last week.
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 an important Value Builder.
Global Ship Lease has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Global Ship Lease has a good Power Rating of 82 and a very high Appreciation Score of 91, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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