Analysts at JPMorgan Chase & Co. reduced their price objective on shares of GasLog (NASDAQ:GLOG) from $21.00 to $20.00 in a research report issued to clients and investors on Tuesday, American Banking News reports. JPMorgan Chase & Co.’s price target points to a potential upside of 28.95% from the stock’s previous close.
Shares of GasLog (NASDAQ:GLOG) traded down 2.32% during mid-day trading on Tuesday, hitting $15.15. 125,709 shares of the company’s stock traded hands. GasLog has a 52-week low of $11.40 and a 52-week high of $16.23. The stock’s 50-day moving average is $15.27 and its 200-day moving average is $14.12. The company has a market cap of $952.4 million and a P/E ratio of 25.81.
GasLog (NASDAQ:GLOG) last released its earnings data on Thursday, November 14th. The company reported $0.18 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.18. The company had revenue of $43.18 million for the quarter, compared to the consensus estimate of $42.36 million. During the same quarter last year, the company posted $0.06 earnings per share. GasLog’s revenue was up 155.6% compared to the same quarter last year. Analysts expect that GasLog will post $0.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 9th. Investors of record on Monday, November 25th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Thursday, November 21st.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of GasLog in a research note to investors on Friday, November 15th. They now have a $16.20 price target on the stock. Separately, analysts at Evercore Partners raised their price target on shares of GasLog from $16.00 to $17.00 in a research note to investors on Friday, November 15th. They now have an “overweight” rating on the stock. Finally, analysts at Clarkson Capital initiated coverage on shares of GasLog in a research note to investors on Thursday, November 7th. They set an “outperform” rating on the stock. Five investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $17.84.
GasLog Ltd. (NASDAQ:GLOG) is an owner, operator and manager of liquefied natural gas (LNG) carriers.
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