CGG SA Downgraded by Zacks to “Underperform” (CGG)
CGG SA (NYSE:CGG) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday. They currently have a $8.20 price target on the stock. Zacks‘s price objective indicates a potential downside of 4.87% from the company’s current price.
Shares of CGG SA (NYSE:CGG) traded up 4.41% during mid-day trading on Tuesday, hitting $8.9999. 19,026 shares of the company’s stock traded hands. CGG SA has a 52-week low of $8.38 and a 52-week high of $25.78. The stock’s 50-day moving average is $10.47 and its 200-day moving average is $13.9. The company’s market cap is $1.592 billion.
CGG SA (NYSE:CGG) last released its earnings data on Friday, August 1st. The company reported ($1.85) earnings per share (EPS) for the quarter. Analysts expect that CGG SA will post $1.40 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CGG. Analysts at Canaccord Genuity upgraded shares of CGG SA from a “sell” rating to a “hold” rating in a research note on Tuesday, August 5th. Analysts at Societe Generale upgraded shares of CGG SA from a “hold” rating to a “buy” rating in a research note on Tuesday, June 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $8.20.
CGG SA, formerly Compagnie Generale de Geophysique-Veritas, is a manufacturer of geophysical equipment and a provider of a range of seismic services in data acquisition and processing both onshore and offshore, principally to clients in the oil and gas exploration and production industry.
To view Zacks’ full report, visit Zacks’ official website.
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