Noble Financial analyst Poe Fratt maintained a Buy rating on Great Lakes Dredge & Dock (GLDD) today and set a price target of $14.35. The company’s shares closed last Wednesday at $10.27.
According to TipRanks.com, Fratt has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -12.1% and a 39.3% success rate. Fratt covers the Industrial Goods sector, focusing on stocks such as Energy Services of America, Grindrod Shipping Holdings, and Orion Group Holdings.
Currently, the analyst consensus on Great Lakes Dredge & Dock is a Moderate Buy with an average price target of $14.35.
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Great Lakes Dredge & Dock’s market cap is currently $667M and has a P/E ratio of 10.00. The company has a Price to Book ratio of 2.74.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GLDD in relation to earlier this year.
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Great Lakes Dredge & Dock Corp. provides dredging services. It operates through the following segments: Dredging and Environmental and Infrastructure. The Dredging segment engages in the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. The environmental and infrastructure segment provides construction services on soil, water and sediment for clients in both the public and private sectors. The company was founded by William A. Lydon and Frederick C. Drews in 1890 and is headquartered in Oak Brook, IL.
