Shares of GasLog Ltd (NYSE:GLOG) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $20.97.
Several analysts recently issued reports on GLOG shares. Jefferies Group started coverage on GasLog in a research note on Monday, December 18th. They set a “buy” rating and a $20.00 target price on the stock. Morgan Stanley downgraded GasLog from an “overweight” rating to an “equal weight” rating and set a $20.00 target price on the stock. in a research note on Monday, February 12th. They noted that the move was a valuation call. Stifel Nicolaus reissued a “buy” rating and set a $20.00 target price (up previously from $19.00) on shares of GasLog in a research note on Saturday, February 17th. Zacks Investment Research downgraded GasLog from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Finally, Seaport Global Securities reissued a “buy” rating and set a $23.00 target price on shares of GasLog in a research note on Friday, February 23rd.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. bought a new stake in GasLog in the 2nd quarter worth approximately $244,000. Northern Trust Corp increased its stake in GasLog by 1.7% in the 2nd quarter. Northern Trust Corp now owns 418,827 shares of the shipping company’s stock worth $6,388,000 after acquiring an additional 7,135 shares during the last quarter. Vanguard Group Inc. increased its stake in GasLog by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 212,770 shares of the shipping company’s stock worth $3,245,000 after acquiring an additional 2,913 shares during the last quarter. Voya Investment Management LLC increased its stake in GasLog by 12.3% in the 2nd quarter. Voya Investment Management LLC now owns 21,754 shares of the shipping company’s stock worth $332,000 after acquiring an additional 2,376 shares during the last quarter. Finally, State Street Corp increased its stake in GasLog by 7.2% in the 2nd quarter. State Street Corp now owns 767,443 shares of the shipping company’s stock worth $11,706,000 after acquiring an additional 51,873 shares during the last quarter. 48.66% of the stock is currently owned by institutional investors.
GasLog (NYSE:GLOG) last posted its quarterly earnings data on Friday, February 16th. The shipping company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.08). GasLog had a return on equity of 0.16% and a net margin of 2.95%. The company had revenue of $135.80 million during the quarter, compared to the consensus estimate of $135.72 million. During the same period last year, the business earned $0.02 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. research analysts expect that GasLog will post 0.55 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, March 2nd. GasLog’s dividend payout ratio (DPR) is presently 800.00%.
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GasLog Company Profile
GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.
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