GasLog Ltd (GLOG) Receives $18.98 Average Target Price from Analysts

Shares of GasLog Ltd (NYSE:GLOG) have received a consensus recommendation of “Buy” from the twelve research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $18.98.

A number of analysts recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating and set a $19.00 price objective on shares of GasLog in a research report on Friday, November 3rd. Zacks Investment Research raised GasLog from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Jefferies Group assumed coverage on GasLog in a research report on Monday, December 18th. They set a “buy” rating and a $20.00 price objective for the company.

Shares of GasLog (NYSE:GLOG) traded down $0.05 during trading hours on Friday, hitting $20.35. The company had a trading volume of 256,500 shares, compared to its average volume of 458,485. The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 1.48. The firm has a market cap of $1,690.00, a P/E ratio of 58.14 and a beta of 1.27. GasLog has a 1 year low of $12.75 and a 1 year high of $22.55.

GasLog (NYSE:GLOG) last issued its quarterly earnings data on Thursday, November 2nd. The shipping company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $131.24 million during the quarter, compared to the consensus estimate of $132.32 million. GasLog had a return on equity of 0.19% and a net margin of 7.34%. The firm’s revenue was up 8.7% compared to the same quarter last year. sell-side analysts expect that GasLog will post 0.08 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in GasLog in the 3rd quarter valued at about $103,000. Cubist Systematic Strategies LLC grew its position in GasLog by 23.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,656 shares of the shipping company’s stock valued at $193,000 after acquiring an additional 2,403 shares in the last quarter. QS Investors LLC acquired a new position in GasLog in the 2nd quarter valued at about $194,000. Ameriprise Financial Inc. acquired a new position in GasLog in the 2nd quarter valued at about $244,000. Finally, Advisory Services Network LLC grew its position in GasLog by 65.6% in the 2nd quarter. Advisory Services Network LLC now owns 21,132 shares of the shipping company’s stock valued at $322,000 after acquiring an additional 8,372 shares in the last quarter. 47.75% of the stock is owned by institutional investors.

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About GasLog

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.

Analyst Recommendations for GasLog (NYSE:GLOG)

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