Great Lakes Dredge & Dock Corp (NASDAQ: GLDD) stock suffered a major decline of -13.6% on 11/7/23. The shares closed at $6.48. The stock has been exceptionally strong relative to the market over the last nine months but has declined -14.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, GLDD is expected to continue to be a Value Builder.
Great Lakes Dredge & Dock has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Great Lakes Dredge & Dock has a slightly positive Appreciation Score of 67 and a very high Power Rating of 97, leading to the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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