GasLog Given New $25.00 Price Target at Evercore Partners (GLOG)
Research analysts at Evercore Partners hoisted their target price on shares of GasLog (NASDAQ:GLOG) from $20.00 to $25.00 in a report released on Thursday. The firm currently has an “overweight” rating on the stock. Evercore Partners’ target price indicates a potential upside of 3.78% from the stock’s previous close.
GasLog (NASDAQ:GLOG) traded up 3.28% on Thursday, hitting $24.88. 480,612 shares of the company’s stock traded hands. GasLog has a 1-year low of $12.20 and a 1-year high of $28.89. The stock has a 50-day moving average of $25.27 and a 200-day moving average of $21.70. The company has a market cap of $1.813 billion and a price-to-earnings ratio of 27.44.
GasLog (NASDAQ:GLOG) last announced its earnings results on Wednesday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.04. The company had revenue of $57.07 million for the quarter, compared to the consensus estimate of $58.80 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 161.9% on a year-over-year basis. Analysts expect that GasLog will post $0.92 EPS for the current fiscal year.
GLOG has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of GasLog in a research note on Monday, June 2nd. They set a “buy” rating and a $27.00 price target on the stock. Separately, analysts at Stifel Nicolaus initiated coverage on shares of GasLog in a research note on Friday, May 23rd. They set a “hold” rating and a $18.12 price target on the stock. Finally, analysts at Clarkson Capital initiated coverage on shares of GasLog in a research note on Tuesday, May 20th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. GasLog has an average rating of “Buy” and an average price target of $25.23.
GasLog Ltd. (NASDAQ:GLOG) is an owner, operator and manager of liquefied natural gas (LNG) carriers.
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