Zacks Downgrades StealthGas to Underperform (GASS)
StealthGas (NASDAQ:GASS) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Friday. They currently have a $9.20 target price on the stock. Zacks‘s price target indicates a potential downside of 5.45% from the stock’s previous close.
StealthGas (NASDAQ:GASS) traded up 0.41% on Friday, hitting $9.77. The stock had a trading volume of 64,424 shares. StealthGas has a 52-week low of $8.63 and a 52-week high of $13.00. The stock has a 50-day moving average of $10.43 and a 200-day moving average of $10.69. The company has a market cap of $425.0 million and a P/E ratio of 13.76.
StealthGas (NASDAQ:GASS) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.05. The company had revenue of $31.90 million for the quarter. On average, analysts predict that StealthGas will post $0.80 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on GASS. Analysts at Evercore Partners downgraded shares of StealthGas from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 18th. Analysts at Jefferies Group raised their price target on shares of StealthGas from $14.00 to $17.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $13.53.
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.
To view Zacks’ full report, visit Zacks’ official website.
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