Maxim Group Initiates Coverage on StealthGas (GASS)
Equities research analysts at Maxim Group started coverage on shares of StealthGas (NASDAQ:GASS) in a research note issued to investors on Tuesday, Analyst RN reports. The firm set a “buy” rating on the stock.
A number of other analysts have also recently weighed in on GASS. Analysts at Deutsche Bank cut their price target on shares of StealthGas from $14.00 to $12.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Wells Fargo & Co. downgraded shares of StealthGas from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, January 13th. Finally, analysts at Zacks downgraded shares of StealthGas from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, November 28th. They now have a $11.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $12.63.
Shares of StealthGas (NASDAQ:GASS) traded up 1.37% during mid-day trading on Tuesday, hitting $9.64. The stock had a trading volume of 153,578 shares. StealthGas has a 52 week low of $5.34 and a 52 week high of $13.00. The stock has a 50-day moving average of $10.17 and a 200-day moving average of $10.46. The company has a market cap of $309.0 million and a price-to-earnings ratio of 10.31.
StealthGas (NASDAQ:GASS) last announced its earnings results on Friday, November 22nd. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.06. During the same quarter last year, the company posted $0.28 earnings per share. On average, analysts predict that StealthGas will post $0.71 earnings per share for the current fiscal year.
StealthGas Inc (NASDAQ:GASS) owns a fleet of liquefied petroleum gas (LPG) carriers providing international seaborne transportation services to LPG producers and users, as well as product carriers chartered to oil producers and refiners.
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