Gulf Island Fabrication Stock Rating Lowered by Zacks (GIFI)
Gulf Island Fabrication (NASDAQ:GIFI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings.Net reports. They currently have a $22.60 target price on the stock. Zacks‘ target price would suggest a potential downside of 4.84% from the stock’s previous close.
Gulf Island Fabrication (NASDAQ:GIFI) traded down 0.21% during mid-day trading on Tuesday, hitting $23.75. 28,854 shares of the company’s stock traded hands. Gulf Island Fabrication has a 52-week low of $18.76 and a 52-week high of $28.61. The stock has a 50-day moving average of $23. and a 200-day moving average of $22.01. The company’s market cap is $343.4 million.
GIFI has been the subject of a number of other recent research reports. Analysts at Howard Weil upgraded shares of Gulf Island Fabrication from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, August 28th. They now have a $29.00 price target on the stock, up previously from $27.00. Separately, analysts at Thomson Reuters/Verus upgraded shares of Gulf Island Fabrication from a “sell” rating to a “hold” rating in a research note to investors on Monday, August 12th.
Gulf Island Fabrication, Inc is a holding company. The Company is a fabricator of offshore drilling and production platforms, hull and deck sections of floating production platforms and other specialized structures used in the development and production of offshore crude oil and natural gas (NASDAQ:GIFI) reserves.
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