Maxim Group Keeps a Buy Rating on GSE Systems Inc (GVP)

By Ryan Adsit

In a report released today, Tate Sullivan from Maxim Group maintained a Buy rating on GSE Systems Inc (GVPResearch Report), with a price target of $5. The company’s shares closed yesterday at $3.

Sullivan noted:

“We maintain our Buy rating, $5 price target and annual EPS estimates after GVP reported 4Q18 results above our forecasts, including EBITDA of $2.8 million, up 56% y/y and above our $1.8m forecast.”

According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 4.4% and a 62.5% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Natural Gas Services Group, Emcor Group, and Tetra Tech.

Currently, the analyst consensus on GSE Systems Inc is a Moderate Buy with an average price target of $5.

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Based on GSE Systems Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $518K. In comparison, last year the company had a net profit of $5.43 million.

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GSE Systems, Inc. provides real-time high-fidelity simulation. It provides simulation, educational, and engineering solutions and services to the nuclear and fossil electric utility industry and the chemical and petrochemical industries. It operates through the Performance Improvement Solutions and Nuclear Industry Training and Consulting segments.