Meaningful positive changes in Great Lakes Dredge & Dock Corp (NASDAQ: GLDD) fundamentals have recently occurred: the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Important positive changes in Great Lakes Dredge & Dock Corp (NASDAQ: GLDD) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
GLDD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to be a Value Builder.
Great Lakes Dredge & Dock has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Great Lakes Dredge & Dock has a neutral Appreciation Score of 42 but a very high Power Rating of 89, leading to the Positive Value Trend Rating.
Recent Price Action
Great Lakes Dredge & Dock Corp (NASDAQ: GLDD) stock closed at $9.44 on 9/11/24 after a modest gain of 0.5%. However, this advance was accompanied by exceptionally low trading volume at 45% of normal. The stock has been strong relative to the market over the last nine months but is unchanged during the last week.
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