Great Lakes Dredge & Dock Corp. PT Lowered to $10.00 (GLDD)
Equities researchers at Imperial Capital dropped their price objective on shares of Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) to $10.00 in a research report issued on Wednesday. Imperial Capital’s price target would indicate a potential upside of 37.55% from the company’s current price.
Separately, analysts at DA Davidson reiterated a “buy” rating on shares of Great Lakes Dredge & Dock Corp. in a research note on Wednesday. They now have a $10.50 price target on the stock, down previously from $35.00.
Shares of Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) traded up 3.56% during mid-day trading on Wednesday, hitting $7.27. The stock had a trading volume of 260,236 shares. Great Lakes Dredge & Dock Corp. has a 52-week low of $6.28 and a 52-week high of $9.44. The stock has a 50-day moving average of $7.71 and a 200-day moving average of $8.15. The company’s market cap is $434.9 million.
Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) last announced its earnings results on Tuesday, August 5th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.01. The company had revenue of $184.70 million for the quarter, compared to the consensus estimate of $189.15 million. During the same quarter in the prior year, the company posted ($0.42) earnings per share. The company’s quarterly revenue was up 25.5% on a year-over-year basis. On average, analysts predict that Great Lakes Dredge & Dock Corp. will post $0.28 earnings per share for the current fiscal year.
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is a provider of dredging services in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.