Noble (OTC:NEBLQ) Financial analyst Poe Fratt maintained a Buy rating on Great Lakes Dredge & Dock Corp. on Thursday, setting a price target of $17.05, which is approximately 10.43% above the present share price of $15.44.
Fratt expects Great Lakes Dredge & Dock Corp. to post earnings per share (EPS) of $0.16 for the first quarter of 2021.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Great Lakes Dredge & Dock, with an average price target of $17.05.
The analysts price targets range from a high of $17.05 to a low of $17.05.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $172.15 million and a net profit of $15.89 million. The company's market cap is $1.01 billion.
According to TipRanks.com, Noble Financial analyst Poe Fratt is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 38.9% and a 57.01% success rate.
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.