Morgan Stanley Reiterates Overweight Rating for GasLog (GLOG)
GasLog (NASDAQ:GLOG)‘s stock had its “overweight” rating restated by stock analysts at Morgan Stanley in a report issued on Friday, American Banking News.com reports. They currently have a $28.00 price objective on the stock. Morgan Stanley’s target price would suggest a potential upside of 12.45% from the stock’s previous close.
A number of other firms have also recently commented on GLOG. Analysts at TheStreet upgraded shares of GasLog from a “hold” rating to a “buy” rating in a research note on Wednesday, April 2nd. Separately, analysts at Cowen and Company raised their price target on shares of GasLog from $16.00 to $25.00 in a research note on Friday, February 28th. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of GasLog from $20.00 to $25.00 in a research note on Monday, January 27th. Nine research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $21.03.
GasLog (NASDAQ:GLOG) opened at 24.90 on Friday. GasLog has a one year low of $11.92 and a one year high of $25.69. The stock’s 50-day moving average is $23.23 and its 200-day moving average is $18.35. The company has a market cap of $1.565 billion and a price-to-earnings ratio of 27.48.
GasLog (NASDAQ:GLOG) last announced its earnings results on Friday, February 28th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.03. The company had revenue of $59.30 million for the quarter, compared to the consensus estimate of $53.05 million. During the same quarter last year, the company posted $0.03 earnings per share. GasLog’s revenue was up 224.6% compared to the same quarter last year. On average, analysts predict that GasLog will post $1.24 earnings per share for the current fiscal year.
GasLog Ltd. (NASDAQ:GLOG) is an owner, operator and manager of liquefied natural gas (LNG) carriers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.