Cantor Fitzgerald Assigns a Hold Rating on Great Lakes Dredge & Dock

By Carrie Williams

Cantor Fitzgerald analyst John Sciarra assigned a Hold rating to Great Lakes Dredge & Dock (NASDAQ: GLDD) on December 29. The company’s shares closed on Friday at $5.40, close to its 52-week high of $5.70.

Sciarra has an average return of 28.5% when recommending Great Lakes Dredge & Dock.

According to TipRanks.com, Sciarra is ranked #2246 out of 4732 analysts.

Great Lakes Dredge & Dock has an analyst consensus of Hold.

The company has a one-year high of $5.70 and a one-year low of $3.60. Currently, Great Lakes Dredge & Dock has an average volume of 248.7K.

Based on the recent corporate insider activity of 53 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 two segments: Dredging and Environmental & Infrastructure. The Dredging segment involves in the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock.