Great Lakes Dredge & Dock (GLDD) Receives a Buy from Noble Financial

In a report released today, Joe Gomes from Noble Financial maintained a Buy rating on Great Lakes Dredge & Dock (GLDDResearch Report), with a price target of $17.05. The company’s shares closed last Friday at $7.58.

According to TipRanks, Gomes is a 3-star analyst with an average return of 1.1% and a 35.12% success rate. Gomes covers the Services sector, focusing on stocks such as RCI Hospitality Holdings, Fat Brands, and Information Services Group.

Currently, the analyst consensus on Great Lakes Dredge & Dock is a Moderate Buy with an average price target of $17.05.

See the top stocks recommended by analysts >>

Based on Great Lakes Dredge & Dock’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $149.43 million and a GAAP net loss of $4.03 million. In comparison, last year the company earned a revenue of $169.91 million and had a net profit of $2.11 million

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GLDD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on GLDD:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More