UPDATE: UBS Starts StealthGas (GASS) at Buy
Tweet
Share
E-mailGet Alerts GASS Hot Sheet
Price: $5.94 -1.16%
Rating Summary:
8 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 3 | New: 2
Rating Summary:
8 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 3 | New: 2
Join SI Premium – FREE
(Updated - March 14, 2014 1:41 PM EDT)
UBS initiated coverage on StealthGas (NASDAQ: GASS) with a Buy rating and a price target of $14.00.
Analyst Joshua Katzeff said, "GASS is the leading owner of small, feeder-sized LPG carriers. The company's fleet of largely pressurized carriers is set to benefit from the expected strong export growth of propane and butane from the US and the Middle East. Although GASS' segment of the LPG market is less volatile, rates should improve over the next 24 months, pushing earnings and asset values higher."
For an analyst ratings summary and ratings history on StealthGas click here. For more ratings news on StealthGas click here.
Shares of StealthGas closed at $10.79 yesterday.
UBS initiated coverage on StealthGas (NASDAQ: GASS) with a Buy rating and a price target of $14.00.
Analyst Joshua Katzeff said, "GASS is the leading owner of small, feeder-sized LPG carriers. The company's fleet of largely pressurized carriers is set to benefit from the expected strong export growth of propane and butane from the US and the Middle East. Although GASS' segment of the LPG market is less volatile, rates should improve over the next 24 months, pushing earnings and asset values higher."
For an analyst ratings summary and ratings history on StealthGas click here. For more ratings news on StealthGas click here.
Shares of StealthGas closed at $10.79 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- European stocks mixed; Euro banking sector, Meta Platforms in the spotlight
- Sleep Number Corporation (SNBR) Misses Q1 EPS by 40c, provides outlook
Create E-mail Alert Related Categories
New CoverageRelated Entities
UBS, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
